Jivial Industries Ltd.
JIVIALSME
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Overview
Jivial Industries Limited is a Rajkot-based manufacturer of finished aluminium railings and related fixtures used in glass partitions, balconies, facades and architectural applications. The company processes unfinished aluminium extrusions and castings into continuous profiles, handrails and accessories such as spigots, conceals, bends, brackets, jointers, locks and endcaps through cutting, drilling, anodizing, buff polishing and powder coating. Founded through a proprietorship business started in 2018 and incorporated in 2021, Jivial serves construction companies, architects, interior designers, glass providers and fabricators across India, with strong revenue concentration in Gujarat, Maharashtra and Chhattisgarh. The business is supported by ISO-certified manufacturing operations, three registered spigot design patents, 35 distributors and expansion plans for backward integration and new product capability at its second facility in Rajkot.
Opening Date
Jun 23, 2026
Closing Date
Jun 25, 2026
Listing Date
Jul 01, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
31.9872 Cr
Fresh Issue
0 Cr
Offer for Sale
0 Cr
Price Band
—
Lot Size
600
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to fund capacity expansion, backward integration and broader business development initiatives.
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Funding the purchase and installation of new machinery at the proposed Manufacturing Facility Unit-II in Rajkot to expand production of existing aluminium railing products, increase installed capacity, support backward integration through in-house extrusion capability, and add manufacturing capability for new products including GFRP rebars.
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Meeting capital expenditure for renovation and internal civil construction of Manufacturing Facility Unit-II, including workshop space, office areas, labour rooms, water tanks, compound wall, land development and related infrastructure required to operationalize the expanded manufacturing setup.
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Supporting general corporate purposes, including business growth requirements such as operating expenses, strengthening business development and marketing capabilities, meeting unforeseen business exigencies, and other board-approved corporate needs within regulatory limits.
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Achieving the benefits of listing on the SME platform of BSE, including enhanced corporate image, better brand visibility, improved confidence among suppliers, customers and investors, and creation of a public market for the company’s equity shares.
Key Performance Indicator
P/E Ratio
—
EPS
—
ROE
41.09%
ROCE
47.12%
RONW
41.09%
Debt to Equity Ratio
—
PAT Margin
24.75%
EBITDA Margin
31.23%
P/B
—
SWOT Analysis
Strengths
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Established manufacturer of aluminium railings and fixtures with a diversified architectural product portfolio used in glass and construction applications.
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Strong profitability profile with revenue rising to ₹12.01 crore in FY2025 and PAT of ₹2.97 crore, supported by healthy EBITDA and PAT margins.
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Promoter-led business with relevant industry experience, supported by patented spigot designs, ISO-certified operations and relationships with distributors and trade customers.
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Expansion strategy includes backward integration into aluminium extrusion and addition of new product lines, which can improve cost control and product breadth.
Weaknesses
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Business operations are currently concentrated in a single existing manufacturing unit, making execution of expansion at Unit-II important for future growth.
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Customer concentration is relatively high, with top 10 customers contributing a significant portion of revenue, increasing dependence on key accounts.
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Raw material procurement is concentrated among a limited number of suppliers, which could expose the company to supply disruptions or pricing pressure.
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Geographical revenue concentration remains meaningful, with a large share of sales coming from a few states such as Gujarat, Maharashtra and Chhattisgarh.
Opportunities
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Capacity expansion at Unit-II can significantly increase output of existing railings and fixtures and support larger order volumes across India.
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Backward integration into manufacturing unfinished aluminium extrusions can reduce dependence on external suppliers and improve margins over time.
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Introduction of GFRP rebars and other new-age construction products can diversify revenue streams beyond current aluminium railing applications.
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Growth in construction, urban infrastructure, smart cities and housing demand in India can expand the addressable market for architectural railing systems and fixtures.
Threats
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Highly competitive and fragmented aluminium railing industry, including organized and unorganized players, can pressure pricing and margins.
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Delays or cost overruns in machinery procurement, facility renovation or project execution could affect planned expansion and returns on IPO proceeds.
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Volatility in aluminium and related input costs may impact profitability, especially before backward integration benefits are realized.
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Dependence on construction and real estate activity exposes demand to macroeconomic slowdowns, project delays and shifts in infrastructure spending.
Subscription Rate
Frequently Asked Questions about Jivial Industries Ltd.
Jivial Industries Limited is a Rajkot-based manufacturer of finished aluminium railings and related fixtures used in glass partitions, balconies, facades and architectural applications. The company processes unfinished aluminium extrusions and castings into continuous profiles, handrails and accessories such as spigots, conceals, bends, brackets, jointers, locks and endcaps through cutting, drilling, anodizing, buff polishing and powder coating. Founded through a proprietorship business started in 2018 and incorporated in 2021, Jivial serves construction companies, architects, interior designers, glass providers and fabricators across India, with strong revenue concentration in Gujarat, Maharashtra and Chhattisgarh. The business is supported by ISO-certified manufacturing operations, three registered spigot design patents, 35 distributors and expansion plans for backward integration and new product capability at its second facility in Rajkot.
The Jivial Industries Ltd. IPO is scheduled to open for subscription on Jun 23, 2026 and close on Jun 25, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Jivial Industries Ltd. IPO is yet to be announced. Investors can place bids within this range once the issue opens.
The minimum lot size for the Jivial Industries Ltd. IPO is 600 shares. The minimum investment amount will be known once the price band is finalized.
The total issue size of the Jivial Industries Ltd. IPO is approximately ₹31.99. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Jivial Industries Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Jivial Industries Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Jivial Industries Ltd. are expected to list on stock exchanges on Jul 01, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Jivial Industries Ltd. IPO are proposed to be used for The main objectives of the issue are to fund capacity expansion, backward integration and broader business development initiatives., Funding the purchase and installation of new machinery at the proposed Manufacturing Facility Unit-II in Rajkot to expand production of existing aluminium railing products, increase installed capacity, support backward integration through in-house extrusion capability, and add manufacturing capability for new products including GFRP rebars., Meeting capital expenditure for renovation and internal civil construction of Manufacturing Facility Unit-II, including workshop space, office areas, labour rooms, water tanks, compound wall, land development and related infrastructure required to operationalize the expanded manufacturing setup., Supporting general corporate purposes, including business growth requirements such as operating expenses, strengthening business development and marketing capabilities, meeting unforeseen business exigencies, and other board-approved corporate needs within regulatory limits., Achieving the benefits of listing on the SME platform of BSE, including enhanced corporate image, better brand visibility, improved confidence among suppliers, customers and investors, and creation of a public market for the company’s equity shares.
Before applying for the Jivial Industries Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
