Jivial Industries IPO

About Jivial Industries IPO

The public issue of the Jivial Industries IPO, an SME IPO, opens on Tuesday, June 23, 2026 and closes on Thursday, June 25, 2026. The allotment of shares will take place on Monday, June 29, 2026. The credit of shares to the demat account will take place on Tuesday, June 30, 2026. The initiation of refunds will take place on Tuesday, June 30, 2026. The listing of shares will take place on Wednesday, July 1, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 0.14 crore shares aggregating to ₹26.65 crores. The offer for sale portion includes 0.03 crore shares aggregating to ₹5.34 crores. The total number of shares and aggregate amount are 16,32,000 shares aggregating up to ₹32 crores.

Jivial Industries IPO’s final issue price is set at ₹196 per share. The lot size for an application is 600 shares. The minimum amount of investment required by a retail investor is ₹1,17,600 (1,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (1,800 shares), amounting to ₹3,52,800.

Jivial Industries manufacture finished aluminium railings and fixtures from unfinished extruded aluminium railings and unfinished aluminium castings, as per the specifications and requirements of their customers. They engineer the aluminium railings and fixtures at their factory to hold glass for partitions, balconies, viewing windows, façade of buildings etc.

Objectives of Jivial Industries IPO

• Purchase of new machineries.
• Capital expenditure for renovation of their manufacturing facility.
• To meet the general corporate purposes.

Industry Outlook

The Indian market for architectural railings and partition systems is witnessing rapid growth, which is led by the country’s fast-paced urbanisation, large-scale construction activity, and government-led infrastructure programs.

Looking ahead, the total addressable market for the Indian Architectural Railings and Partition Systems Industry is projected to expand to ₹22,794 crores by FY30, representing a compounded annual growth rate (CAGR) of 6.5%.

This steady growth trajectory is underpinned by government initiatives like the Smart Cities Mission and a predictable shift from the unorganised to the organised sector, signalling a sustained, long-term opportunity for stakeholders. Investors are advised to consider that this market's resilience and growth are intrinsically tied to the nation's economic momentum, with a favourable outlook confirmed by independent research and sectoral performance.

About Jivial Industries

Jivial Industries manufacture finished aluminium railings and fixtures from unfinished extruded aluminium railings and unfinished aluminium castings, as per the specifications and requirements of their customers. They engineer the aluminium railings and fixtures at their factory to hold glass for partitions, balconies, viewing windows, façade of buildings etc. They manufacture several aluminium fixtures used in supporting the railings to hold glass, such as, spigot, conceal, bend, bracket, jointer, lock and endcap. Their customers are mainly small and medium level construction companies, architects, interior designers, glass providers and fabricators.

Strengths of Jivial Industries

• Strong brand reputation.
• Strong financials.
• Strong customer base.
• Experienced management.

Risks of Jivial Industries

• The company is dependent on external suppliers for its major raw materials, unfinished extruded aluminium railings and unfinished aluminium castings.
• They have not entered into any agreement or contract with their customers.
• They generate a substantial portion of their revenue from Gujarat, Maharashtra and Chattisgarh, states of the country.
• The company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on the business, etc.
• Their product: finished Aluminium Railings contribute significantly to their revenues from operation.

Issue Price is considered as CMP.

Source: All the financial information for listed industry peers mentioned above is on a standalone basis sourced from the financials results / Annual Reports of the peer companies uploaded on the NSE/BSE website for the year ended March 31, 2026. Information of Jivial Industries is based on restated financial information.

1. P/E Ratio has been computed based on the closing market price of equity shares on the BSE on June 15, 2026 divided by the Basic EPS calculated on the basis of Financial Result / Annual Report of the peer company uploaded on the NSE/ BSE website for the year ended March 31, 2026.

2. RoNW is computed as net profit after tax divided by Average Net worth (as restated) as at the end of the year. Net worth has been computed as the sum of share capital and reserves and surplus.

3. NAV is computed as the closing net worth divided by the closing outstanding number of Equity shares.

4. Net worth of Peer Company has been calculated by adding Share capital and reserve and surplus.

Anchor Investor Bidding Date: June 22, 2026

Registrar Details
Bigshare Services Private Limited
Email: ipo@bigshareonline.com;
Phone: +91-22-62638200

Book Running Lead Manager
Corporate Makers Capital Limited

Jivial Industries Contact Details
Shade No. A1/5, Road C, Beside Daynamatic Forge, AJI GIDC, Rajkot, AJI Industrial Estate, Rajkot, Gujarat, 360003
Email: cs@jivialrailings.com
Phone: +91-8469022953

Jivial Industries Business Model

The company earns its revenue through manufacturing finished aluminium railings and fixtures from unfinished extruded aluminium railings and unfinished aluminium castings, as per the specifications and requirements of their customers.

Jivial Industries Growth Trajectory

Jivial Industries’s Total Income for FY25 was ₹12.068 crores, whereas in FY24 and FY23 it was ₹11.057 crores and ₹8.399 crores, respectively.

The Profit After Tax for FY25 was ₹2.971 crores, whereas in FY24 and FY23 it was ₹2.413 crores and ₹1.167 crores, respectively.

Their EBITDA for FY25 was ₹3.749 crores, whereas in FY24 and FY23 it was ₹3.078 crores and ₹1.425 crores, respectively.

Jivial Industries Market Position

Jivial Industries caters to customers all over India but their majority revenues are generated from Gujarat, Maharashtra and Chhattisgarh which total to 72.87%, 67.82% and 62.55% of their total revenues in FY 2025, FY 2024 and FY 2023 respectively.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹12.068 crores, ₹2.971 crores, and ₹3.749 crores, respectively.

How to apply for Jivial Industries 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.