Published: 18 June 2026 | 8.00 AM
Last Updated: 18 June 2026 | 8.00 PM
IPO Overview / Intro
Jivial Industries IPO is an SME fixed price issue comprising a fresh issue and Offer for Sale component. The IPO consists of a fresh issue of 12,78,000 equity shares and an Offer for Sale of 2,72,400 equity shares.
The IPO opens for subscription on 23 June 2026 and closes on 25 June 2026. The shares are proposed to be listed on BSE SME with a tentative listing date of 1 July 2026.
Jivial Industries Limited is engaged in the manufacturing of finished aluminium railings and fixtures using unfinished extruded aluminium railings and aluminium castings as raw materials. The company primarily manufactures aluminium handrails, railings, spigots, conceal systems and aluminium bends used in architectural and interior applications.
The company operates from its manufacturing facility in Rajkot, Gujarat and serves customers across the aluminium railing and architectural hardware segment. The business benefits from increasing demand for premium railing systems in residential, commercial and infrastructure projects.
A notable feature of the IPO is the company’s strong profitability profile, healthy return ratios and very low debt levels. Investors may closely monitor the final issue price and subscription response once announced.
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | SME Fixed Price IPO |
| Issue Size | To Be Declared |
| Fresh Issue | 12,78,000 Shares |
| Offer For Sale | 2,72,400 Shares |
| Issue Price | To Be Declared |
| Face Value | Rs. 10 Per Share |
| Listing Exchange | BSE SME |
| Lot Size | 600 Shares |
| Retail Application | To Be Declared |
| Market Cap | To Be Declared |
| Listing Date | 1 July 2026 |
👉 | IPO GMP – which IPO commands fancy?
| IPO Reviews | IPO Subscription | IPO Allotment |
Jivial Industries IPO GMP – Latest Update
| GMP Details | Value |
| Jivial Industries IPO GMP Today | Updating Soon |
| Kostak Rate | Updating Soon |
| Subject to Sauda | Updating Soon |
Jivial Industries IPO Subscription Status – Live Update
| Category | Subscription |
| QIB Category | Not Applicable |
| NII Category | Updating Soon |
| Retail Category | Updating Soon |
| Total Subscription | Updating Soon |
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 23 June 2026 to 25 June 2026 |
| Listing Date | 1 July 2026 |
| Face Value | Rs. 10 Per Share |
| Issue Price | To Be Declared |
| Lot Size | 600 Shares |
| Issue Type | Fixed Price SME IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,32,000 Shares |
| Issue Size | To Be Declared |
| Fresh Issue | 12,78,000 Shares |
| Offer For Sale | 2,72,400 Shares |
| Reserved For Market Maker | 81,600 Shares |
| Market Maker | To Be Declared |
| Net Offered To Public | 15,50,400 Shares |
| Shareholding Pre Issue | 33,10,000 Shares |
| Shareholding Post Issue | 46,69,600 Shares |
| Market Cap | To Be Declared |
IPO Timetable
| Event | Date |
| IPO Open Date | 23 June 2026 |
| IPO Close Date | 25 June 2026 |
| Basis of Allotment | 29 June 2026 |
| Refund Initiation | 30 June 2026 |
| Credit of Shares | 30 June 2026 |
| Listing Date | 1 July 2026 |
Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| NII Shares Offered | 7,75,200 | 50.00% | 47.50% |
| Retail Shares Offered | 7,75,200 | 50.00% | 47.50% |
| Market Maker Shares Offered | 81,600 | – | 5.00% |
| Total Shares Offered | 16,32,000 | 100.00% | 100.00% |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | 1 | 600 | To Be Declared |
| Retail Maximum | 1 | 600 | To Be Declared |
| S-HNI Minimum | To Be Declared | To Be Declared | To Be Declared |
| S-HNI Maximum | To Be Declared | To Be Declared | To Be Declared |
| B-HNI Minimum | To Be Declared | To Be Declared | To Be Declared |
Company Details
Jivial Industries Limited was incorporated in 2021 and is engaged in the manufacturing of finished aluminium railings and fixtures.
The company manufactures aluminium hand railings, aluminium railings, aluminium spigots, aluminium conceal systems and aluminium bends. These products are widely used in modern residential, commercial and industrial construction projects.
The company primarily processes unfinished extruded aluminium railings and unfinished aluminium castings into finished products with customized specifications. Its product range includes continuous profiles used for holding glass panels at the bottom and handrails used for supporting glass panels at the top.
The company operates its manufacturing facility in Rajkot, Gujarat and focuses on delivering quality aluminium railing solutions. As of 31 August 2025, the company had 18 permanent employees.
Competitive Strengths
| Key Strengths |
| Strong Brand Reputation |
| Strong Financial Performance |
| Established Customer Base |
| Experienced Management Team |
| Low Debt Profile |
| Specialized Aluminium Product Portfolio |
| Growing Construction Industry Demand |
| Efficient Manufacturing Operations |
IPO Objects
| Sr. No. | Objects of the Issue | Estimated Amount |
| 1 | Purchase Of New Machineries | Rs. 14.40 Crore |
| 2 | Capital Expenditure For Renovation Of Manufacturing Facility | Rs. 4.00 Crore |
| 3 | General Corporate Purposes | To Be Declared |
| Total | Total Identified Utilization | Rs. 18.40 Crore |
Company Address
| Particulars | Details |
| Registered Office | Shade No. A1/5, Road C, Beside Daynamatic Forge, AJI GIDC, Rajkot, AJI Industrial Estate, Rajkot, Gujarat – 360003 |
| Phone | +91 8469022953 |
| cs@jivialrailings.com |
Lead Manager & Registrar
| Particulars | Details |
| Lead Manager | Corporate Makers Capital Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Registrar Phone | +91-22-6263 8200 |
| Registrar Email | ipo@bigshareonline.com |
Financials
| Particulars (Rs. Crore) | FY2025 | FY2024 | FY2023 |
| Total Assets | 10.25 | 6.94 | 10.25 |
| Total Income | 12.07 | 11.06 | 8.40 |
| Profit After Tax | 2.97 | 2.41 | 1.17 |
| EBITDA | 3.75 | 3.08 | 1.42 |
| Net Worth | 8.72 | 5.75 | 1.53 |
| Reserves & Surplus | 5.41 | 2.44 | 1.52 |
| Total Borrowings | 0.38 | 0.44 | 0.18 |
Valuation
Key Performance Indicators (KPI)
| KPI | FY2025 |
| ROE | 41.09% |
| ROCE | 47.12% |
| Debt / Equity | 0.04 |
| RoNW | 41.09% |
| PAT Margin | 24.75% |
| EBITDA Margin | 31.23% |
EPS & Valuation
| Particulars | Pre IPO | Post IPO |
| EPS (Rs.) | To Be Declared | To Be Declared |
| P/E (x) | To Be Declared | To Be Declared |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 94.53% | To Be Declared |
Chanakya View
Investment Summary
| Parameter | Observation |
| Industry | Aluminium Railings & Architectural Hardware |
| Product Portfolio | Aluminium Railings & Fixtures |
| Business Model | Manufacturing |
| Revenue Trend | Stable Growth |
| Profitability | Strong |
| Debt Levels | Very Low |
| Manufacturing Facility | Rajkot, Gujarat |
| Valuation | Awaited |
| Listing | BSE SME |
Positives
| Strengths |
| Strong Profit Margins |
| Very Low Debt Levels |
| Healthy ROE And ROCE |
| Growing Construction Sector Exposure |
| Established Product Portfolio |
| Experienced Management Team |
| Capacity Expansion Through IPO |
| Strong Net Worth Growth |
Concerns
| Risks |
| Small Scale Operations |
| Dependence On Construction Demand |
| Raw Material Price Volatility |
| Limited Operating History |
| SME Liquidity Risk |
| Valuation Yet To Be Announced |
Jivial Industries operates in the aluminium railing and architectural hardware segment, catering to the growing demand for premium railing systems in residential and commercial construction projects.
The company has reported consistent growth in revenue and profitability over the last three years. Financial metrics remain impressive with ROE of 41.09%, ROCE of 47.12%, PAT margin of 24.75% and debt-equity ratio of only 0.04.
The IPO proceeds are largely earmarked for machinery acquisition and manufacturing facility expansion, which could support future growth and capacity enhancement.
However, investors should note that the final issue price, issue size valuation and post-issue earnings metrics are yet to be announced. These factors will play a critical role in assessing the attractiveness of the issue.
Chanakya View: The company demonstrates strong profitability and healthy return ratios. A final investment decision should be taken after the issue price and valuation are announced.
FAQs
What is Jivial Industries IPO GMP today?
Jivial Industries IPO GMP is currently updating in the grey market. Investors should monitor the latest GMP before the IPO opens.
What is the Jivial Industries IPO price band?
Jivial Industries IPO issue price is yet to be declared by the company.
What is the Jivial Industries IPO lot size?
Jivial Industries IPO lot size is 600 shares.
When will Jivial Industries IPO list?
Jivial Industries IPO is expected to list on BSE SME on 1 July 2026