Jyoti Global Plast IPO Listing: The shares of Jyoti Global Plast were faded today on NSE SME. However, its IPO received more than 8 times the overall. Shares have been issued at a price of ₹ 66.00 under IPO. Today, it has entered ₹ 65.90 on NSE SMe, that is, IPO investors did not get any listing gains. However, IPO investors suffered a shock of ₹ 200 on a lot. The lot size under its IPO was of 2000 shares. IPO investors were further shocked when shares were further broken. After breaking it came to the lower circuit of ₹ 62.60 (Jyoti Global Plast Share Price). With a lower recovery at the end of the day it has closed at ₹ 64.90, that is, at the end of the first trading day, IPO investors are now 1.67% loss i.e. a loss of ₹ 2,200 on every lot.
Jyoti Global Plast iPO how to spend money
Jyoti Global Plast’s ₹ 35.44 crore IPO was opened till 4-6 August for subscription. This IPO received good response from investors and overall it was 8.45 times subscribed. It had a share reserved for qualified Institutional Buyers (QIB), 1.86 times, non-institutional investors (NII) share 14.70 times and retail investors were filled 9.54 times. Under this IPO, new shares of ₹ 28.51 crore have been issued. Apart from this, 10.50 lakh shares with face value of ₹ 10 are sold under offers for cell window. The offer for sale money has been received by shareholders selling share. At the same time, ₹ 11.17 crore will be spent at a cost of ₹ 11.17 crore new manufacturing facility, ₹ 9.00 crore solar power plant, ₹ 1.20 crore lightening loans and remaining money on common corporate objectives.
About jyoti global plast
Jyoti Global Plastic Plastic Made in January 2004 provides molding solutions. It supplies plastic packaging containers to industries such as pharma, chemicals, food and beverages, oil, edema and childcare. Apart from this, it also produces automotive parts, toys and drone components. It has two manufacturing units in Mumbai. Talking about the financial health of the company, it has been strongly strengthened.
In FY 2023, it made a net profit of ₹ 2.32 crore, which jumped in the next financial year 2024 to ₹ 3.62 crore and ₹ 6.08 crore in FY 2025. During this period, the company’s total income increased to ₹ 93.80 crore from a compound rate (CAGR) of more than 2% annually. During this period, the company has less debt, which came to ₹ 23.84 crore in the last of FY 2023 and ₹ 28.95 crore in the last of FY 2024 to ₹ 25.31 crore in the last of FY 2025.
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