Jyoti Global Plast IPO Subscribed 8.45 Times by Close on Final Day Amid Strong Retail and HNI Demand

Mumbai, 6 August 2025: Jyoti Global Plast’s initial public offering (IPO) witnessed a robust overall subscription of 8.45 times on the third and final day of bidding, primarily led by significant interest from retail and high net-worth individual (HNI) investors.

The ₹35.44 crore book-building issue, which opened on August 4, 2025, and closed on August 6, 2025, garnered considerable traction across investor categories, with the retail investor segment subscribing 9.54 times, and the non-institutional investor (NII) segment oversubscribed by 14.70 times.

Retail Investors Subscribe 9.54 Times, Highlighting Active Participation in Jyoti Global Plast IPO

The retail individual investor (RII) category saw 1.70 crore equity shares bid against the 17.88 lakh shares offered, resulting in a subscription rate of 9.54 times. This reflects a notable interest from individual investors, especially considering the minimum application lot of 2,000 shares, with a required investment of ₹2,48,000.

In the NII (HNI) category, bids were significantly higher. This segment saw 1.13 crore equity shares bid for 7.66 lakh shares, amounting to 14.70 times subscription. Within this category:

• The bNII portion (bids above ₹10 lakh) was subscribed 17.76 times.
• The sNII portion (bids below ₹10 lakh) saw a subscription of 8.61 times.

Qualified Institutional Buyers Show Mild Interest, Subscribing 1.86 Times

Compared to the retail and NII segments, the Qualified Institutional Buyer (QIB) category posted a 1.86 times subscription rate. A total of 19 lakh equity shares were bid for, against the available 10.22 lakh shares. Although not as aggressive as retail and HNI participation, this indicates a modest level of institutional confidence in the company’s fundamentals.

Anchor Investors Commit ₹10.07 Crore Ahead of Issue Opening

Before the issue opened for public bidding, Jyoti Global Plast raised ₹10.07 crore from anchor investors on August 1, 2025, by allotting 15.26 lakh equity shares. The anchor lock-in period will end on September 6, 2025, for 50% of these shares and on November 5, 2025, for the remaining half.

IPO Structure: ₹35.44 Crore Issue Comprising Fresh Equity and Offer for Sale

The Jyoti Global Plast IPO is a book-building issue with a total size of ₹35.44 crore, consisting of:

• A fresh issue of 43.20 lakh shares, aggregating to ₹28.51 crore.
• An offer for sale (OFS) of 10.50 lakh shares, amounting to ₹6.93 crore.

The issue price was fixed at ₹66 per equity share, with a face value of ₹10 each. The lot size was 2,000 shares, with a minimum lot size requirement of 4,000 shares for retail investors and 6,000 shares for HNIs.

IPO Listing and Timeline: Shares to List on NSE SME by August 11, 2025

The IPO bidding closed on August 6, 2025, and the allotment of shares is expected to be finalised by Thursday, August 7, 2025. Following this:

• Refunds are likely to be initiated on Friday, August 8, 2025.
• Shares will be credited to investors’ demat accounts by Friday, August 8, 2025.
• The stock is tentatively scheduled to list on NSE SME on Monday, August 11, 2025.

Proceeds Utilisation: Strengthening Infrastructure and Growth Capital

Jyoti Global Plast aims to utilise the net proceeds from the IPO towards the following:

• Funding working capital requirements
• General corporate purposes
• Capital expenditure for capacity enhancement and automation

The objective is to strengthen its manufacturing and supply capabilities to meet growing demand and improve operational efficiency.

Jyoti Global Plast IPO Reservation Details Breakdown

Out of the total 53.72 lakh shares offered, the reservation across categories was as follows:

• Retail Investors (RII): 17.88 lakh shares (33.28%)
• Qualified Institutional Buyers (QIB): 25.48 lakh shares (47.43%) including anchor investors
• High Net-Worth Individuals (NII): 7.66 lakh shares (14.26%)
• Market Maker: 2.70 lakh shares (5.03%)

Lead Manager and Registrar

The IPO is managed by Unistone Capital Pvt Ltd as the book-running lead manager, with MUFG Intime India Pvt Ltd (Link Intime) acting as the registrar. The market maker for the issue is L F C Securities Pvt Ltd.

Jyoti Global Plast IPO Key Timelines

• Allotment Date (Tentative): Thursday, August 7, 2025
• Refund Initiation: Friday, August 8, 2025
• Demat Credit: Friday, August 8, 2025
• Listing Date (Tentative): Monday, August 11, 2025

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