Upcoming SME IPO: Jyoti Global Plast IPO will open soon. GMP indicates a strong premium; Price, Date, Other Details | Einsmark news

Jyoti Global Plast IPO: The Initial Public Offer (IPO) of Jyoti Global Plast will hit the Indian stock market next week to raise £ 35.44 crore after an approval to start its public problem on the NSE Emerge platform. The edition will be open on August 4 and end on August 6. Jyoti Global Plast is a leading packaging manufacturer on polymer, with a recent attempt at defense and aviation. The offer is a mix of a new issue of 40.50,000 shares and an offer for sale (OFS) of up to 10.50,000 shares of the face value of £ each. Jyoti Global Plast IPO price tire has been set in the vicinity of £ 62 to £ 66 a share. Retail investors can bid for the IPO in lots of 4,000 shares, which amounts to a minimum investment of £ 2.64 lakh at the top of the price tape. The company plans to use the returns collected from the fresh share sale to finance a new manufacturing unit at MIDC Mahad, loan repayment and general corporate purposes. Unistone Capital PVT Ltd is the general manager of this issue. Jyoti Global Plast IPO GMP The Gray Market Premium (GMP) for Jyoti Global Plast IPO has seen a strong jump. From a few days back, Jyoti Global Plast IPO has risen to £ 11. At this GMP, Jyoti Global Plast IPO shares can list at £ 77, a 16.67%premium. About Jyoti Global Plast Incorporated in January 2004, Jyoti Global Plast specializes in plastic shape solutions. The company offers personal solutions to polymer-based packaging containers and toys for industries, including pharmaceutical products, chemicals, food and beverages, oil, adhesives and childcare. The company offers a diverse and innovative range of plastic form products, which allows for different industries. Jyoti Global Plast recently went into the defense and air and space sectors and has already acquired an order book of more than £ 20, the company said in a press release. The company also dares to drone and anti-drone systems, including drone pams, detectors, etc. Over the years, the company has reported an excellent operational and financial performance and witnesses a multiple revenue growth and profitability over the years. For FY24-25 ended March, the company reported a net profit of £ 608 Lakh and an income of £ 93.48 crore. The total revenue of the company stood at £ 93.79 crore, with £ 11.65 crore ebitda. Growth in the net profit was 68%, while the ebitda margin was 12.47%. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.