Jyoti Global Plast Ltd IPO

About Jyoti Global Plast Ltd

Jyoti Global Plast Limited (our Company or the Issuer) was incorporated on January 06, 2004 as `Jyoti Polycontainers Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated January 06, 2004 issued by the Registrar of Companies, Mumbai, Maharashtra. Further, the name of our company was changed to `Jyoti Global Plast Private Limited' pursuant to a special resolution passed in the extraordinary general meeting of our shareholders held on April 23, 2022, consequent upon which, a fresh certificate of incorporation dated May 11, 2022 was issued by the Registrar of Companies, Mumbai, Maharashtra. Subsequently, our company was converted from a private limited company to a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of our shareholders held on October 25, 2024 and the name of our Company was changed to `Jyoti Global Plast Limited' with a fresh certificate of incorporation dated December 30, 2024, issued to our Company by the Assistant Registrar of Companies, Central Registration Centre. The corporate identification number of our Company is U28129MH2004PLC143876.

The global blow molded plastics market size was estimated at USD 80.04 billion in 2023 and is expected to grow at a CAGR of 7.0% from 2024 to 2030. The market growth is driven by trends shifting towards replacing glass & metal and increasing investments in the construction industry. Blow-molded plastics are widely used for different applications, such as concrete forms of all shapes and sizes, panels, barricades, and traffic markers in the building & construction industry. Industries, such as construction, packaging, and automotive, are the primary industries propelling the demand for blowmolded plastic products and services. The India blow molded plastics market generated a revenue of USD 9,092.6 million in 2023 and is expected to reach USD 14,217.2 million by 2030. The India market is expected to grow at a CAGR of 6.6% from 2024 to 2030.

Our company is engaged in the business of plastic & FRP (Fiber-Reinforced Polymer) moulding, providing custom solutions based on client-specific requirements for polymer-based products (HDPE-PP grade) such as drums, carboys, jerrycans, barrels, pail buckets, toys, automobile parts, etc. and FRP based products such as drone components and connectors. Our products are used in industries such as pharmaceutical, chemical, food & beverage, lube and industrial oil, adhesives, childcare, automotive, defence and aerospace, etc. We closely collaborate with our clients to understand their unique requirements, optimizing the manufacturing process to meet their individual needs, offering superior quality and cost-effective solutions. With a commitment to delivering value, our products are crafted using cutting-edge moulding technologies. We leverage advanced blow moulding and injection moulding technologies to produce a wide range of packaging and non-packaging products, including HDPE drums, barrels, jerrycans, bottles, toys etc., and automobile components and defence & aerospace products such as drone components and connectors. Additionally, injection moulding technology is also utilized on a job-work basis for creating durable HDPP-based products such as pail buckets. Presently, we operate two strategically located state-of-the-art manufacturing units which two are located in Rabale, Navi Mumbai. We are proposed to start our proposed manufacturing unit III at Mahad, Raigad. We started commercial production in the year 2005. Our current combined production capacity is 7,416 MT p.a.

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