IPO details · Updated
Jivial Industries Limited
- Price Band
- ₹196
- Lot Size
- 600 shares
- Min. Investment
- ₹1,17,600
- Issue Size
- ₹31.99 Cr
- Offer Dates
- 23 Jun – 25 Jun 2026
- Listing
- 1 Jul 2026
Issue Details
- Total Issue Size
- ₹31.99 Cr
- 16,32,000 shares
- Fresh Issue
- ₹26.65 Cr
- 13,59,600 shares
- Offer for Sale
- ₹5.34 Cr
- 2,72,400 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 33,10,000
- Shares Post-Issue
- 46,69,600
IPO Timeline
Offer opens
23 Jun 2026
Offer closes
25 Jun 2026
Allotment
29 Jun 2026
Listing
1 Jul 2026
Issue Allocation
Share of the offer reserved for each investor category
- HNI47.5%7,75,200 shares
- Retail47.5%7,75,200 shares
- MarketMaker5.0%81,600 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| All categories | 15,50,400 | 14,43,000 | 0.93x |
| Total | 15,50,400 | 14,43,000 | 0.93x |
Lot Size & Investment
1 lot = 600 shares
Retail (min)
2 lots · 1,200 shares
Retail (max)
2 lots · 1,200 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 1,200 | ₹2,35,200 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 14.11 | 10.25 | 6.94 | 2.16 |
| Total Income | 12.2 | 12.07 | 11.06 | 8.4 |
| Profit After Tax | 2.95 | 2.97 | 2.41 | 1.17 |
| EBITDA | 3.76 | 3.75 | 3.08 | 1.42 |
| Net Worth | 11.66 | 8.72 | 5.75 | 1.53 |
| Reserves & Surplus | 8.35 | 5.41 | 2.44 | 1.52 |
| Total Borrowing | 1.23 | 0.38 | 0.44 | 0.18 |
Key Performance Indicators
| Period | Dec-25 | Mar-25 |
|---|---|---|
| ROE (%) | 28.93 | 41.09 |
| ROCE (%) | 33.14 | 47.12 |
| EPS (₹) | — | 8.98 |
| P/E (pre-issue) | — | 21.83 |
| P/E (post-issue) | — | 23.29 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Anb Metal Cast Limited | 24.86 | 32.44% |
| Euro Panel Products Ltd | 16.05 | 18.5% |
| Sudal Industries Ltd | — | 2.39% |
About Jivial Industries Limited
Incorporated in 2021, Jivial Industries Limited manufactures finished aluminium railings and fixtures using unfinished extruded aluminium railings and unfinished aluminium castings. The company designs and manufactures aluminium railing systems used for glass partitions, balconies, viewing windows, and building façades. Its product portfolio includes continuous profiles, handrails, spigots, conceals, bends, brackets, jointers, locks, and endcaps. The company serves construction companies, architects, interior designers, glass providers, and fabricators across India. The company has established a customer base across India, with a strong presence in Gujarat, Maharashtra, and Chhattisgarh, which together contribute a significant portion of its revenue. In addition, the company has sales in Rajasthan and Delhi, while also serving customers across several other states, including Andhra Pradesh, Assam, Goa, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Mizoram, Telangana, Tamil Nadu, Uttar Pradesh, West Bengal, Jammu & Kashmir, Odisha, Punjab, and Meghalaya. The company also derives a small portion of its revenue from exports to Oman. The manufacturing facility is located in Rajkot, Gujarat, and the company is expanding its operations through a second manufacturing unit to increase railing production capacity and support backward integration through aluminium extrusion. As of August 31, 2025, the company had 18 full-time permanent employees. Business Strengths: Strong Brand reputation Strong financials Strong Customer Base Experienced Management
Objects of the Issue
- Purchase of new machineries (₹14.40 Cr)
- Capital expenditure for renovation of manufacturing facility (₹4.00 Cr)
- General Corporate Purposes (₹3.99 Cr)
- Issue Expenses (₹4.25 Cr)
Promoters
- Anand Jitendrabhai Chovatiya
- Sheetalben Anand Chovatiya
Company Information
- Book running lead managers
- Corporate Makers Capital Ltd.
- Registered office
- Shade No.A1/5, Road C, Beside Daynamatic Forge, AJI GIDC, Rajkot, AJI Industrial Estate, Rajkot, Gujarat, 360003
- Market maker
- Sunflower Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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