Jyoti Global Plast IPO to Raise Over ₹35 Crore to Set Up New Unit at MIDC Mahad and Solar Power Plant

Jyoti Global Plast Limited is set to make its market debut through a Small and Medium Enterprise Initial Public Offering on the NSE Emerge platform. The polymer-based packaging manufacturer has strategically expanded into defence and aerospace sectors while maintaining strong financial performance with 68% year-on-year net profit growth in FY25.

IPO Details and Issue Structure Worth ₹35.44 Crore

The IPO comprises 53.70 lakh equity shares, including fresh issue of 43.20 lakh shares (including market makers) and offer for sale of 10.50 lakh shares with a face value of ₹10 each. The company has fixed the price band at ₹62 to ₹66 per share with a minimum lot size of 4,000 shares, requiring a minimum investment of ₹2.64 lakh at the upper price band. The public issue opens for subscription on August 4, 2025 and closes on August 6, 2025.

Proceeds from the IPO will be utilised to fund a new manufacturing unit at MIDC Mahad, establish a solar power plant, repay loans, and meet general corporate purposes. Unistone Capital Private Limited serves as the Book Running Lead Manager for this issue.

Strategic Defence and Aerospace Expansion with ₹20+ Crore Order Book

Jyoti Global Plast has recently forayed into the defence and aerospace sectors and secured an order book exceeding ₹20 crore in this segment, ensuring robust revenue visibility for upcoming years. The company is venturing into drone and anti-drone systems, including drone jammers and detectors. The management has onboarded advisors with over 2 decades of experience in the defence and aerospace industry with leading multinational companies.

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Core Business Operations and Product Portfolio

Incorporated in January 2004, Jyoti Global Plast specialises in plastic molding solutions, offering custom polymer-based packaging containers, including HDPE and PP products such as drums, carboys, jerrycans, barrels, and pails. The company serves industries including pharmaceuticals, chemicals, food and beverage, oil, adhesives, and childcare sectors.

The product portfolio encompasses Industrial Packaging Solutions, Automotive Components, Household and Consumer Products, Drone Components, Childcare and Baby Products, and Custom Molding Solutions. The company operates 2 manufacturing units in Mumbai, Maharashtra, serving over 1,000 clients.

Strong Financial Performance in FY25

For FY25 ended March 2025, the company reported revenue from operations of ₹93.48 crore with net profit of ₹6.08 crore. Total income stood at ₹93.79 crore with EBITDA of ₹11.65 crore. The company achieved remarkable year-on-year net profit growth of 68% while maintaining an EBITDA margin of 12.47%.

As of March 2025, the company maintained Reserves and Surplus of ₹5.84 crore with an asset base of ₹56.81 crore. Return on Equity stood at 33.22% while Return on Capital Employed reached 22.35%, demonstrating efficient capital utilisation.

Market Positioning and Growth Strategy

The company serves diverse industries including paint, lubricants, chemicals, adhesives, food, oil, and toy components, through its comprehensive plastic molding capabilities. The strategic expansion into defence and aerospace represents a significant growth opportunity given India's increasing focus on domestic manufacturing in these critical sectors.

Conclusion

Jyoti Global Plast Limited's IPO opening on August 4, 2025, with ₹35.44 crore issue size at ₹62 66 price band represents a compelling investment opportunity on the NSE Emerge platform. With strong FY25 performance showing ₹93.48 crore revenue, 68% net profit growth, and strategic defence aerospace expansion securing ₹20+ crore order book, the company demonstrates solid fundamentals for future growth in specialised manufacturing sectors.

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