Jyoti Global Plast Limited IPO

Apply 0
Avoid 0

Jyoti Global Plast Limited (formerly Jyoti Polycontainers Private Limited) is engaged in the manufacturing of plastic and FRP (Fiber-Reinforced Polymer) moulded products tailored to client-specific requirements. The company specializes in blow and injection moulding processes, offering packaging and industrial solutions across sectors like pharmaceuticals, chemicals, food & beverages, lubricants, automotive, and aerospace.

 Product Portfolio

1. Plastic Moulded Products (HDPE, HDPP): Drums, jerrycans, carboys, barrels, pail buckets (from 250ml to 250 litres). and Toys and small containers for food and pharma.

2. FRP Components: Drone parts, automobile connectors, and custom applications.

3. Moulding Techniques: i) Blow Moulding: Used for containers and toys. ii) Injection Moulding: Used for drone, automotive components and pail buckets.

The company offers extensive customization in size, colour, and capacity, enabling product flexibility across use cases.

Key Industries Served

Jyoti Global Plast caters to a wide range of industries with its specialized plastic and FRP moulding solutions, including Pharmaceuticals, Chemicals, Food and Beverage, Adhesives, Lube and Industrial Oil, Childcare, Automotive, Defence & Aerospace. The company’s versatile product applications make it a reliable packaging and components partner across diverse industrial sectors.

Manufacturing Capabilities

Jyoti Global Plast operates two advanced manufacturing plants in Rabale, Navi Mumbai, with a proposed third unit coming up in Mahad, Raigad. The company has a combined annual production capacity of 7,416 MT and is equipped with automation, conveyor systems, in-house logistics, testing labs, and labelling facilities. It owns six delivery trucks and also collaborates with third-party logistics providers to ensure efficient and wide-reaching distribution.

Competitive Strengths

i) 1000+ client base with strong repeat business (400+ clients served annually).
ii) Customization capabilities without major CAPEX due to flexible production process.
iii) Unique in-house capabilities like integrated logistics, labelling, and testing.

Objects of the Jyoti Global Plast Limited IPO:

Company will utilize the Net Proceeds of the Fresh Issue in the following manner: 1. Establishing new manufacturing facility to expand production capabilities (₹11.16 cr) 2. Capital expenditure requirements of the Company towards set up of Solar Power Plant (₹8.99 cr) 3. Repayment and/or pre-payment of certain borrowings (₹1.20 cr) 4. General corporate purposes.
DRHP of Jyoti Global Plast Limited IPO
RHP of Jyoti Global Plast Limited IPO

Jyoti Global Plast Limited IPO Details:

Open Date: Aug 04 2025
Close Date: Aug 06 2025
Total Shares: 53,70,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 35.44 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 62-66 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

1. Hiren Bhawanji Shah (Managing Director, Age 55), a commerce graduate from the University of Bombay with over 32 years of experience in finance. He was earlier associated with J.B. Plastic as Manager – Accounts & Finance. Since inception, he has played a pivotal role in strengthening the company’s financial processes, ensuring compliance with global auditing standards, and supporting margin expansion and profitability. He is responsible for overall financial strategy and governance. 2. Deven Bhawanji Shah (Whole-time Director & CEO, Age 53), holds a Bachelor’s degree in Commerce and brings over 30 years of experience in operations and marketing. He was associated with J.B. Plastic as Manager – Operations. At Jyoti Global Plast, he oversees marketing, production, and client servicing, while also leading the company’s participation in trade shows, industry platforms, and strategic business development. His leadership has contributed significantly to client retention and business scale-up. 3. Bhawanji Khimji Shah (Executive Director, Age 83), an industry veteran with over 40 years of experience in managing end-to-end business operations. He served as Head of Business at J.B. Plastic before co-founding Jyoti Global Plast. He continues to guide the company’s long-term vision, advising on major investments, partnerships, and growth initiatives. His deep industry knowledge and mentorship play a key role in strategic decision-making.

Financials of Jyoti Global Plast Limited IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations 93.48 87.25 89.19
EBITDA 11.65 7.75 5.82
EBITDA Margins 12.47% 8.88% 6.53%
PAT 6.08 3.62 2.32
PAT Margins 6.50% 4.14% 2.61%
ROCE 22.35% 15.92% 13.42%
Debt to Equity Ratio(In Times) 1.19 1.9 2.05
Operating Cash Flows 8.04 5.93 -2.24

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Jyoti Global Plast Ltd 93.48 12.47% 6.50% 22.35% 1.19 130.812 21.52
TPL Plastech Ltd. 349 11.6% 6.76% 20% 0.31 592 25.1
Pyramid Technoplast Ltd. 591 7% 4.51% 14.20% 0.22 618 23.2
Mitsu Chem Plast Ltd. 332 7% 2.18% 10.40% 0.71 160 22.1

Lead Manager of Jyoti Global Plast Limited IPO:

  1. Unistone Capital Pvt Ltd

Registrar of Jyoti Global Plast Limited IPO:

  1. MUFG Intime India Private Limited

Discussion on Jyoti Global Plast Limited IPO:

Leave a Reply