Jyoti Global Plast Ltd IPO
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Jyoti Global Plast Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 53.7 L | ₹ 10.5 L | TBA | ₹ 155 L | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 04 Aug, 25 | 06 Aug, 25 | TBA | TBA | Book Building - SME | 11 Aug, 25 |
Jyoti Global Plast Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Plastics Products |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 5370000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Jyoti Global Plast Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6.18 | 4.26 | 3.42 |
| EBITDA | 7.47 | 5.40 | 4.41 |
| PAT | 3.62 | 2.32 | 1.80 |
| Total Assets | 31.57 | 28.47 | 24.28 |
| Share Capital | 0.50 | 0.50 | 0.50 |
| Total Borrowings | 25.62 | 21.11 | 17.11 |
| Operating Activities (Net Cash) | 4.91 | 3.46 | 2.79 |
| Investing Activities (Net Cash) | -0.80 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 25.62 | 21.11 | 17.11 |
| Net Cashflow | 4.89 | 1.90 | 3.26 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
Peer Comparison:
- TPL Plastech Ltd
- Pyramid Technoplast Ltd
- Mitsu Chem Plast Ltd
Jyoti Global Plast Ltd IPO Key Points
Strengths
- Extensive client network.
- Diverse product portfolio.
- Favourable location of our manufacturing units.
- Inhouse logistics, testing, and stickering.
- Strong Knowledge and expertise of our Promoters.
Risk
- The majority of our product sales is concentrated in the regions namely, Maharashtra and Gujarat. For the Fiscal 2025, 2024 and 2023 our revenue from sale of products in Maharashtra and Gujarat accounted for 98.50%, 98.70%, and 97.39% of our revenue from operations, respectively any adverse developments affecting our operations in these regions could have an adverse impact on our business, financial condition, results of operations and cash flows.
- We do not have any long-term agreements with our raw material suppliers. If we face difficulties in obtaining the necessary quality and quantity of raw materials in timely manner and at fair prices, or if we fail to secure them altogether, it could detrimentally affect our business, financial performance, and cash flow.
- There is an increased awareness towards controlling pollution and many economies including India have joined in the efforts to ban plastic product. In case any plastic packaging products manufactured by us are banned in India or in any of the markets where we export our products, it could have a material and adverse effect on our business and results of operations.
Strategy
- Proposed expansion of manufacturing unit in Mahad, Raigad.
- Expanding into new products portfolio.
- Exploring sustainable growth opportunities to drive business expansion.
- Continue to improve operational efficiencies through economies of scale, supply chain rationalization, technology enhancements and effective resource planning.
- Strengthen relationships with our existing customers and expand customer base.
- Extensive client network.
- Diverse product portfolio.
- Favourable location of our manufacturing units.
- Inhouse logistics, testing, and stickering.
- Strong Knowledge and expertise of our Promoters.
How To Apply for Jyoti Global Plast Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
