Jagdamba Polymers IPO

About Jagdamba Polymers IPO

The Jagdamba Polymers IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include up to 33,88,000 equity shares aggregating up to ₹ [-] crores. The offer for sale portion includes up to 1,70,000 equity shares of face value of ₹10 each of the company aggregating up to ₹ [-] crores. The total number of shares is up to 35,58,000 while the aggregate amount is yet to be finalised.

Jagdamba Polymers IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (TBA shares) (based on upper price). The minimum lot size investment for HNI is TBA.

Jagdamba Polymers is in the plastic manufacturing industry with a presence across several parts of India. Their product range includes everyday-use plastic houseware items and moulded plastic furniture that are designed to combine utility with visual appeal. Their main focus is on practical design, material durability, and ease of use, ensuring that their products are not only suitable for household purposes but also well-suited for commercial and institutional use in certain segments.

Objectives of Jagdamba Polymers IPO

• To meet the working capital requirements.
  
• To meet capital expenditure.
  
• Prepayment and repayment of all or a portion of certain secured loans.
  
• General corporate purposes.
  
• To meet the offer expenses.
  

Industry Outlook

The plastic industry in India market size is estimated at USD 4,648 crores in 2024, and is expected to reach USD 5,272 crores by 2029, growing at a CAGR of greater than 6.5% during the forecast period (2024-2029). The plastic industry in India is one of the most important industries in the country's economy.

The Indian plastic consumer houseware market has witnessed steady growth over the years, driven by the increasing demand for convenient and durable household products. The plastic consumer houseware market was valued at ₹8,410 crores in FY 2023. The market is estimated to reach ₹9,310 crores in FY 2024 and is further projected to grow at a CAGR of 12% in the next four years to reach a market size of ₹14,620 crores in FY 2028.

About Jagdamba Polymers

Jagdamba Polymers is a manufacturing company specialising in plastic houseware products and moulded furniture, operating under the established brand name “Ankur.” With over 25 years of experience in the plastic manufacturing sector, they have gradually built a reputation rooted in consistent product quality, steady service delivery, and a practical understanding of market expectations.

Their journey in the industry has been marked by a focus on functionality and design, which has enabled them to create a diverse product portfolio that serves a wide spectrum of consumer needs. The product range includes everyday-use houseware items and moulded furniture that are designed to combine utility with visual appeal. These items are offered in a variety of colours, styles, and features that accommodate different preferences, usage patterns, and regional requirements.

Strengths of Jagdamba Polymers

• Experienced management & work force.
  
• Focus on quality and safety.
  
• Scalable Business-2-Business (B-2-B) model.
  
• Products with modern designs and vibrant colours.
  
• Existing relationship with the clients and suppliers.
  

Risks of Jagdamba Polymers

• Any shortfall in the supply of their raw materials, or an increase in their raw material and other input costs.
  
• Fluctuations in the prices of goods they purchase.
  
• Any factors relating to political and geographical changes, growing competition, and any change in the demand for their services by customers from Odisha and Eastern India.
  
• Increases in transportation costs or unavailability of third-party transport providers for the delivery of their raw materials and finished products.
  
• Any disruptions in the plastic houseware, moulded furniture, and cleaning products sectors.
  

Notes

• Considering the nature and turnover of business of the Company, the peers are not strictly comparable. However, the same have been included for broader comparison.
  
• The figures for Jagdamba Polymers are based on the restated results for the consolidated
  financial year ended March 31, 2025.
  
• The figures for Avro India Limited and Pil Italica Lifestyle Limited are based on standalone audited
  results for the year ended March 31, 2025 while for the Cool Caps Industries Ltd is based on consolidated audited results for the financial year ended March 31, 2025.
  
• The Current Market Price (CMP) is the Volume Weighted Average Price (VWAP) of respective scrip as on June 17, 2025.
  

Anchor Investor Bidding Date: TBA

• Registrar: Cameo Corporate Services Limited
  
• Book Running Lead Managers: Affinity Global Capital Market Private Limited
  

Business Model

The company earns its revenue through manufacturing plastic houseware products and moulded furniture.

Jagdamba Polymers Growth Trajectory

(Consolidated Data) Jagdamba Polymers’ Total Income for FY25 was ₹64.52 crores, whereas in FY24 and FY23 it was ₹60.02 crores and ₹80.99 crores, respectively.

The Profit After Tax for FY25 was ₹7.95 crores, whereas in FY24 and FY23 it was ₹6.61 crores and ₹5.62 crores, respectively.

Their EBITDA for FY25 was ₹13.58 crores, whereas in FY24 and FY23 it was ₹14.19 crores and ₹9.36 crores, respectively.

Jagdamba Polymers Market Position

At present, Jagdamba Polymers operates across 16 states in India, with a substantial portion of its revenue generated from its home state of Odisha. Other key markets include Andhra Pradesh, Tamil Nadu, Chhattisgarh and West Bengal, which contribute meaningfully to their overall revenue.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹64.518 crores, ₹7.953 crores, and ₹13.579 crores, respectively.

How to apply for Jagdamba Polymers IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.