Jyoti Global Plast Heads to Market with Small-Cap IPO

Jyoti Global Plast has set a price band of Rs 62-66 for its Rs 35.44 crore IPO, launching August 4. The issue includes a fresh issue and an Offer for Sale. Proceeds will fund a new manufacturing unit, solar power plant, and more. The shares will list on NSE's Emerge.

Plastic and FRP moulding company Jyoti Global Plast announced on Friday it has set a price band of Rs 62-66 per share for its Rs 35.44 crore initial public offering (IPO), which will open on August 4.

The small-cap issue will close on August 6, with the company's shares slated for listing on NSE's Emerge platform. The IPO includes a fresh issue of 43.20 lakh equity shares and an Offer for Sale of 10.5 lakh shares by existing shareholders.

The proceeds from the IPO will be used to establish a new manufacturing unit, invest in a solar power plant, repay loans, and cover general corporate purposes. Jyoti Global Plast has expanded into the defence and aerospace sectors, boasting an order book of over Rs 20 crore. The company reported a Rs 6.08 crore net profit and Rs 93.48 crore revenue for the financial year ending March 2025. Unistone Capital Pvt Ltd is managing the offering.

(With inputs from agencies.)