Jyoti Global Plast’s IPO was highly subscribed—over 8.4 times, led by strong retail and NII demand.
But on debut, shares listed at ₹65.90—slightly below the ₹66 issue price—underwhelming early perfor
mance.
Selling pressure escalated post-listing, knocking the stock down to its 5% lower circuit.
The IPO offered both fresh shares and an offer-for-sale, raising total funds of ₹35.44 cr
ore.
The grey market showed no premium ahead of the debut—indicating cautious investor sentiment.
Despite strong subscription, lack of listing pop raises questions on price discovery.
Analysts may now wait for operational performance before revisiting valuations.
IPOs with stellar demand don’t always translate into blockbuster listings.
For investors, today created both exit opportunities and caution flags.
Jyoti Global Plast’s lukewarm debut underscores the evolving IPO sentim
ent landscape