Jyoti Global Plast IPO Subscribed 3.41x on Day 2; Retail at 4.03x, NII Leads with 6.52x Response

Mumbai, 5 August 2025: Jyoti Global Plast Limited’s ₹35.44 crore initial public offering (IPO) witnessed an overall subscription of 3.41 times as of 5:54 p.m. on Day 2, with demand led by retail and high net-worth individual (HNI) investors. The offering, which opened on 4 August 2025, has attracted 1,986 applications, primarily driven by interest from individual and non-institutional categories.

Retail Investors Lead with 4.03x Bid; ₹47.52 Cr Worth of Applications Filed

The Individual Investor category emerged as the most active, subscribing 4.03 times its allocated quota of 17,88,000 shares, with bids for 72,00,000 shares by the end of Day 2. This reflects a total investment value of approximately ₹47.52 crore, with 1,800 retail applications recorded.

The high application count and bid value indicate that retail investors are responding to the company’s business profile and pricing comfort in the ₹62–66 price band. The minimum investment from retail investors is ₹2,48,000, requiring 4,000 shares (2 lots).

Non-Institutional Investors Bid Aggressively; 6.52x Subscription as of Day 2

The Non-Institutional Investor (NII) portion, covering both bNII (above ₹10 lakh) and sNII (below ₹10 lakh), recorded a subscription of 6.52 times. Out of 7,66,000 shares offered, investors bid for 49,98,000 shares, amounting to ₹32.99 crore across 185 applications.

• The bNII segment was subscribed 8.12x, with 41,40,000 shares bid
• The sNII segment saw 3.35x subscription, with bids for 8,58,000 shares

The robust interest from HNIs underscores their appetite for SME issues offering both growth potential and market-linked pricing.

Qualified Institutional Buyers Yet to Show Interest; Subscribed Only 0.01x So Far

Despite a reserved allocation of 10,22,000 shares, Qualified Institutional Buyers (QIBs) have shown minimal participation with only 12,000 shares bid, reflecting a subscription of just 0.01 times. A single institutional application has been recorded so far, amounting to ₹0.079 crore.

While institutional bidding often concentrates on the final day, the absence of significant QIB activity could weigh on investor sentiment unless it picks up sharply on Day 3.

Full Subscription in Anchor and Market Maker Segments Totalling ₹11.85 Cr

Earlier, the Anchor Investor portion saw full subscription with 15,26,000 shares allocated to institutional investors for ₹10.072 crore, ahead of the IPO opening. Separately, 2,70,000 shares were allotted to the Market Maker, amounting to ₹1.782 crore, also fully subscribed.

These allocations bring some base support and credibility to the issue but are excluded from the public offer subscription totals.

Subscription Trend Improves on Day 2 Compared to Day 1

Jyoti Global Plast IPO picked up momentum on Day 2, with total subscription jumping from 1.50x on Day 1 to 3.41x. The retail subscription rose sharply from 0.81x to 4.03x, and the NII subscription climbed from 5.10x to 6.52x, led by larger HNI applications. QIB activity, however, remains limited.

With one day left, the final subscription outcome will depend on whether institutional investors step in and HNIs continue their momentum.

Jyoti Global Plast IPO Structure: Combination of Fresh Issue and Offer for Sale Worth ₹35.44 Cr

Jyoti Global Plast IPO is a bookbuilding issue with a total size of ₹35.44 crore, consisting of a fresh issue of 43.20 lakh shares amounting to ₹28.51 crore and an offer for sale (OFS) of 10.50 lakh shares worth ₹6.93 crore.

Key Offer Details:

• Price Band: ₹62 to ₹66 per share
• Lot Size: 2,000 shares
• Minimum Investment (Retail): ₹2,48,000 (2 lots / 4,000 shares)
• Minimum Investment (HNI): ₹3,96,000 (3 lots / 6,000 shares)
• Market Maker Reservation: 2,70,000 shares (₹1.78 crore)
• Net Public Offer (Excl. Anchor & Market Maker): 51,00,000 shares (₹33.66 crore)
• Listing Platform: NSE SME

IPO Timeline: Final Subscription Day is Wednesday, August 6, 2025

• IPO Opened: 4 August 2025
• IPO Closes: 6 August 2025
• Allotment Date: 7 August 2025 (Thursday)
• Listing Date (Tentative): 11 August 2025 (Monday)

Proceeds to Fund Expansion and Working Capital; Supports Third Manufacturing Unit in Raigad

The net proceeds from the fresh issue will be used primarily to:

• Expand manufacturing facilities, including the new unit at Mahad, Raigad
• Meet working capital requirements
• Address general corporate expenses

This capital infusion is expected to bolster Jyoti Global Plast’s production capacity and improve its ability to serve multiple sectors with specialised packaging and plastic moulded solutions.

Jyoti Global Plast: Polymer Packaging Firm with Multi-Sector Reach

Jyoti Global Plast Ltd is engaged in manufacturing polymer-based packaging products and custom plastic moulded components, catering to clients in pharmaceuticals, chemicals, food & beverage (F&B), and automotive sectors. The company currently operates two facilities in Navi Mumbai, with a third unit underway in Mahad (Raigad district), highlighting its expansion trajectory.

With its diversified product line and sectoral presence, the company is aiming to capitalise on the rising demand for high-quality plastic solutions across critical industries.

Final Day Outlook: All Eyes on QIBs as Retail and HNI Segments Already Cross Full Subscription

As Jyoti Global Plast enters the final day of bidding, the focus shifts to QIB participation, which has so far remained negligible. Given the strong response from retail and HNI segments, a pick-up in institutional demand will be crucial to lend confidence to broader investor sentiment and reinforce valuation strength.

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