Jivial Industries IPO
smelistedAbout the company
Incorporated in 2021, Jivial Industries manufactures finished aluminium railings and fixtures by converting unfinished extruded aluminium railings and unfinished aluminium castings in accordance with customers’ specifications. The company makes two types of railings namely: Continuous profiles and Handrails & multiple aluminium fixtures that support these railings, including spigots, conceals, bends, brackets, joiners, locks, and endcaps. The company has a single operating and manufacturing unit, its registered office-cum-manufacturing facility (Unit-I), is situated in Rajkot, Gujarat and spans an area of approximately 6,500 square feet; presently all of its products are made at this unit. The second proposed facility, Unit-II, is coming up at Samadhiya, Rajkot, where Jivial intends to add to its capacity, engage in back-end integration and also produce new products. The company also holds three patents for a unique Spigot product design. Around 72% of the total revenue for FY25 was derived from Gujarat, Maharashtra, and Chhattisgarh. In 9MFY26, Gujarat contributed 57.60% to revenue, followed by Chhattisgarh at 11.63% and Maharashtra at 9.74%. The company sources its raw materials from Gujarat-based organised manufacturers. In terms of product categories, aluminium railings generated 81.60% of revenue in 9MFY26, increasing from 78.20% of revenue in FY25 and 59.83% in FY23, while revenue from aluminium fixtures have declined over the last 3 fiscal years. Total installed capacity for finished aluminium railings stood at 193,000 running feet as of March 31, 2026, up from 180,000 running feet in FY23, and utilisation was at 66.75% for the same in 9MFY26 compared to 56% and 81% for FY23 and FY25, respectively. The capacity for aluminium fixtures was flat at 242,000 pieces, with utilisation increasing from 48% in FY23 to 70% in FY25. The company has also commissioned a new GFRP rebars line with an installed capacity of 420 MT, used at 14.70% for 9MFY26. In the long term, the company proposes to expand the installed capacity of existing products from 193,000 running feet to 1,580,000 running feet and from 242,000 pieces for fixtures to 1,985,000 pieces. The company operates on several B2B platforms like Indiamart and Alibaba and has a presence across YouTube, Instagram, Facebook, and LinkedIn to increase visibility and generate leads.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 25 Jun | ₹0 | ₹196 | 0 |
| 24 Jun | ₹0 | ₹196 | 0 |
| 23 Jun | ₹0 | ₹196 | 0 |
| 22 Jun | ₹0 | ₹196 | 0 |
| 21 Jun | ₹0 | ₹196 | 0 |
| 20 Jun | ₹0 | ₹196 | 0 |
| 19 Jun | ₹0 | ₹196 | 0 |
| 18 Jun | ₹0 | ₹196 | 0 |
Strengths
- Operates in a growing manufacturing and industrial products segment.
- Diversified product portfolio serving multiple industries.
- Established customer relationships and recurring business opportunities.
- Experienced management team with industry expertise.
- Focus on quality standards and operational efficiency.
- Scalable business model with expansion potential.
- Strategic emphasis on improving production capabilities.
- Benefits from increasing industrial and infrastructure demand.
Risks
- Business performance is sensitive to economic and industrial cycles.
- Fluctuations in raw material prices may affect profit margins.
- Intense competition from established industry participants.
- Dependence on key customers may impact revenue stability.
- Working capital-intensive operations can create cash flow pressures.
- Regulatory and compliance changes may increase operational costs.
- Delays in expansion plans could affect future growth.
- Supply chain disruptions may adversely impact production and deliveries.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed23 Jun 2026Bidding starts for all investor categories
IPO Closes
Completed25 Jun 2026Last day to place your bid
Basis of Allotment
Completed29 Jun 2026Share allotment finalised
Refund Initiation
Completed30 Jun 2026Refunds credited for non-allottees
Credit to Demat
Completed30 Jun 2026Allotted shares credited to demat account
Listing on Exchange
Completed01 Jul 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 600 | ₹117,600 | 1 | ₹117,600 | 1 lot only |
| HNI | 2 | 1200 | ₹235,200 | 2 | ₹235,200 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 816,327 | 16 | 0 | 0.00x | 100% |
| NII | 15% | 244,898 | 4.8 | 24,490 | 0.10x | 100% |
| Retail | 35% | 571,429 | 11.2 | 5,714 | 0.01x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
