Jyoti Global Plast Targets ₹35 Crore via SME IPO
Jyoti Global Plast Limited, a prominent player in plastic and FRP moulding, is set to raise ₹35.44 crore through an Initial Public Offering (IPO) on the NSE Emerge platform. The company, which recently expanded into defence and aerospace, received approval for the public issue.
The IPO opens for subscription on August 4 and concludes on August 6.
Funds raised will be channelled towards establishing a new manufacturing unit at MIDC Mahad, setting up a solar power plant, repaying existing loans, and addressing general corporate needs.
Unistone Capital Pvt Ltd is acting as the book-running lead manager for this IPO.
This IPO signifies growing investor interest in the SME sector and Jyoti Global Plast’s ambitious expansion plans, particularly within the strategically important defence and aerospace industries. The success of this offering will be closely watched as an indicator of the market’s confidence in India’s burgeoning SME landscape.
