Jyoti Global Plast, a company operating in plastic and fiber reneforced polymer (FRP) molding, has announced its Initious Public Offering (IPO). The issue will open from August 4, 2025 and will be closed on 6 August. The company has fixed the price band of this IPO ₹ 62 to ₹ 66 per share. According to PTI news, the total issue size of the IPO is ₹ 35.44 crore. The total equity shares are 53.70 lakhs. This will be a fresh issue, under which 43.20 lakh shares will be sold.
What will the company do about the amount raised
According to the news, there is a completely open for sale. The company shares will be listed on the NSE Emerg. The lead manager for this IPO company is Uniston Capital Private Limited. The company will use the amount raised from this IPO to set up a new manufacturing plant in MIDC Mahad, in the development of solar power plant, repaying partial loans and for general corporate purposes. Jyoti Global Plast works exclusively in the field of plastic and FRP molding and provides custom polymer solutions.
Recently, the company has entered the defense and aerospace areas and has registered an order book of more than ₹ 20 crore in this segment. If we look at the financial performance, the company’s total revenue in FY 2024-25 was ₹ 93.48 crore, while the net profit was recorded at ₹ 6.08 crore. The Mumbai headquarters, the company, was established as “Jyoti Polycanteers Private Limited” in January 2004, later changed to “Jyoti Global Plast Limited”.
What is iPO
IPO means Initial Public Offering. When a company first sells its shares to common investors, so that they can invest in the company, it is called an IPO. This helps the company to raise capital, which they use to increase their business or put in new projects.
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