About Jivial Industries IPO
Jivial Industries IPO Details
The Jivial Industries IPO is a fixed-price SME offering of ₹31.99 crore, comprising up to 13,59,600 equity shares worth up to ₹25 crore and up to 2,72,400 equity shares offered for sale by the selling shareholders worth up to ₹5 crore, with a face value of ₹10 each. The price of the offering is ₹196 per share. The company filed its draft red herring prospectus with the exchange on September 30, 2025.
The lot size is 600 shares, with a minimum retail application of 1,200 shares (2 lots) requiring ₹2,35,200. The IPO is open for subscription from June 23 to 25, 2026, on the BSE SME platform, with a tentative listing on July 1, 2026. The public issue and the net issue will constitute 34.95% and 33.20%, respectively, of the post-issue paid-up equity share capital. Corporate Makers Capital Ltd. is the lead manager, while Bigshare Services Private Ltd. is the registrar of the offer.
Jivial Industries IPO Date & Timeline
The Jivial Industries IPO is officially set to open for subscription on June 23, 2026 and will close on June 25, 2026. Its Draft Red Herring Prospectus was filed with the exchange on September 30, 2025, and now that the regulations have been approved, the company's schedule has been finalised. The basis of allotment is likely to be finalised on June 29, 2026. After this, the company would begin refunding and crediting the shares of investors who successfully secured a portion of the IPO in their demat accounts on June 30, 2026. Finally, the shares of Jivial Industries Ltd. are likely to get listed at the stock exchange on July 1, 2026.
Jivial Industries IPO Timeline
| IPO Open Date | Tue, Jun 23, 2026 |
| IPO Close Date | Thu, Jun 25, 2026 |
| Tentative Allotment | Mon, Jun 29, 2026 |
| Initiation of Refunds | Tue, Jun 30, 2026 |
| Credit of Shares to Demat | Tue, Jun 30, 2026 |
| Tentative Listing Date | Wed, Jul 1, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Jivial Industries IPO Details
| Detail | Description |
|---|---|
| IPO Date | 23 to 25 Jun, 2026 |
| Listing Date | 1 Jul, 2026 |
| Face Value | ₹ 10 per share |
| Fixed Issue Price | ₹ 196 |
| Lot Size | 600 Shares |
| IPO Type | Fresh Capital & OFS |
| Total Issue Size | 16,32,000 shares (agg. up to ₹ 31.98 Cr) |
| Reserved for Market Maker | 81,600 shares (agg. up to ₹ 1.59 Cr) |
| Fresh Issue(Ex Market Maker) | 13,59,600 shares (agg. up to ₹ 26.64 Cr) |
| Offer for Sale | 2,72,400 shares of ₹10 (agg. up to ₹ 5.33 Cr) |
| Net Offered to Public | 15,50,400 shares (agg. up to ₹ 30.38 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 33,10,000 shares |
| Share Holding Post Issue | 46,69,600 shares |
Jivial Industries IPO GMP (Grey Market Premium)
"Grey Market Premium" or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Jivial Industries IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹196, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Jivial Industries GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 19 Jun, 2026 | ₹196 | ₹0 | 19 Jun, 202601:38 PM |
| 18 Jun, 2026 | ₹196 | ₹0 | 18 Jun, 202610:20 AM |
Company Background
Jivial Industries Ltd. was incorporated in 2019 and is an ISO 9001:2015-certified company engaged in manufacturing finished aluminium railings and fixtures. Based in Rajkot, Gujarat, and promoted by Anand Jitendrabhai Chovatiya and Sheetalben Anand Chovatiya, the company serves the growing architectural and construction sectors.
This company is engaged in manufacturing and supplying a complete range of railing systems of aluminium rails, such as bottom-supported continuous railings, hand-rail-supported railings, and the accompanying accessories, such as spigots, brackets, jointers, locks, bends, and end caps, depending on customer requirements. The company has already established a distribution network of more than 35 distributors across India and is expanding through backward integration into aluminium extrusion and the introduction of GFRP rebars, thereby enhancing cost efficiency, supply reliability, and scalability.
Operations & Product Range
Jivial Industries Ltd. manufactures and distributes finished aluminium railings and fixtures designed to support glass installations on partition walls, balconies, and façades. Key processes employed by the company include cutting, drilling, anodising, and powder coating of its products according to customer needs. The product line includes bottom-supported continuous profiles, handrail-supported profiles, and necessary accessories such as spigots, brackets, jointers, locks, bends, and end caps. Products are used in commercial buildings, residential buildings, shopping malls, hospitals, and industrial construction. Jivial Industries Ltd. also engages in customised fabrication services for high-end residential and commercial properties.
Facilities & Capacity
Jivial Industries Ltd. runs its manufacturing facility in Rajkot, Gujarat, which is equipped with machinery for cutting, drilling, anodising, powder coating, and finishing aluminium products. Backward integration into aluminium extrusion and the introduction of GFRP rebars will make the company more cost-efficient, reliable, and scalable. The funds raised via IPO will be used to purchase additional equipment and refurbish current facilities.
Brands & Market Presence
Jivial Industries Ltd. has a presence in the architectural metal products industry with its 'Jivial' brand. It has a network of over 35 distributors all over India. Jivial Industries Ltd. interacts with construction companies, architects, interior designers, and fabricators for project based deliveries. Its customer base is diverse, comprising customers from various states in India.
Revenue Streams & Business Model
Jivial Industries Ltd. earns its income mainly by selling directly to its customers in a business-to-business model, including construction firms, architects, interior designers, and fabricators. The firm operates on a project-oriented supply approach, emphasizing prompt delivery and customization. Income and profits have been consistently growing. Total income rose from ₹8.40 crore in FY23 to ₹11.06 crore in FY24 and ₹12.07 crore in FY25. Profit After Tax increased from ₹1.17 crore in FY23 to ₹2.41 crore in FY24 and ₹2.97 crore in FY25. EBITDA increased from ₹1.42 crore in FY23 to ₹3.08 crore in FY24 and ₹3.75 crore in FY25, earning an EBITDA margin of 31.22% and a PAT margin of 24.73% in FY25. Jivial Industries Ltd. has a very impressive RoNW of 41.09%.
Management & Shareholding
Anand Jitendrabhai Chovatiya and Sheetalben Anand Chovatiya promote the company. The promoters held 94.53% of the pre-issue equity capital. Following the fresh issue and the offer for sale, the post-issue promoter shareholding is expected to be approximately 61.16%. The company had 33,10,000 shares outstanding pre-IPO and will have 46,69,600 shares post-IPO. The required portion of the post-issue capital will remain locked in as per applicable regulatory requirements.
Board & Key Management
Jivial Industries Ltd. is headed by its promoters-directors, namely, Anand Jitendrabhai Chovatiya and Sheetalben Anand Chovatiya, and is backed by an experienced management team in charge of production, operations, finance, and business development. It is also noted that Jivial Industries Ltd. has independent directors on its board.
Jivial Industries IPO Financial Information
Latest Revenue
12.11
₹ Crore
Profit After Tax
2.95
₹ Crore
Net Worth
11.66
₹ Crore
Total Borrowing
1.23
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 14.11 | 12.11 | 2.95 | 11.66 | 8.35 | 1.23 | |||
| 31 Mar 2025 | 10.25 | 12 | 2.97 | 8.72 | 5.41 | 0.38 | |||
| 31 Mar 2024 | 6.94 | 11.05 | 2.41 | 5.75 | 2.44 | 0.44 | |||
| 31 Mar 2023 | 10.25 | 8.39 | 1.17 | 1.53 | 1.52 | 0.18 | |||
| Amount in ₹ Crore | |||||||||
Jivial Industries Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.93 % |
| ROCE | 33.14 % |
| Debt/Equity | - |
| RoNW | 28.93 % |
| PAT Margin | 24.33 % |
| EBITDA Margin | 31.08 % |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.91 | - |
| P/E (x) | 21.83 | - |
Jivial Industries IPO Objectives
The company mainly aims to utilise the IPO proceeds for strategic purposes:
- • Purchase of new machinery: ₹14.00 crore
- • Capital expenditure for renovation of manufacturing facility: ₹4.00 crore
- • General corporate purposes
Jivial Industries IPO Review
Jivial Industries Ltd. specializes in finished aluminium railings and fittings. The B2B nature of the company’s operations enables it to reach end users directly through more than 35 distributors in India. The company's backward integration into aluminium extrusion and the use of GFRP rebars can be regarded as strategic decisions aimed at improving its cost-effectiveness and supply chain efficiency.
From a financial perspective, there is evidence that the company has been growing steadily and has been profitable. Revenue has increased from ₹8.40 crore in FY23 to ₹12.07 crore in FY25, while PAT has increased from ₹1.17 crore to ₹2.97 crore within the same period. The company has delivered an exceptional return on net worth of 41.09%, with an EBITDA margin of 31.22% and a PAT margin of 24.73%. For the 9 months ended December 2025, the performance has been promising with revenue of ₹12.20 crore and PAT of ₹2.95 crore.
However, the company faces risks from dependence on the real estate and construction cycles, competition from larger players, and the fixed-price nature of the SME issue, which allows no price discovery. The planned capacity expansion and facility upgrades funded by the Jivial Industries IPO proceeds should support growth if executed well.
Conclusion
The Jivial Industries IPO offers investors the opportunity to participate in a growing manufacturer of finished aluminium railings and fixtures with a strong track record of revenue and profit growth. The company’s focus on premium architectural products, an established distributor network of over 35 partners across India, planned backward integration into aluminium extrusion, and improving profitability metrics including a 41.09% Return on Net Worth and 31.22% EBITDA margin provide a foundation for growth. However, the SME segment, fixed-price structure, and real estate cycle require careful evaluation.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | 235200 |
| Individual investors (Retail) (Max) | 2 | 1200 | 235200 |
| S-HNI (Min) | 3 | 1800 | 352800 |
| S-HNI (Max) | 8 | 4800 | 940800 |
| B-HNI (Min) | 9 | 5400 | 1058400 |