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Jivial Industries
๐
Founded: 2021
๐ Rajkot, Gujarat
๐ฅ 18 employees
๐ jivialrailings.com
๐ Face Value: โน10
๐ฆ Market Cap: โน92 Cr
Price Band
โน196
Issue Size
โน32 Cr
Lot Size
600 shares
Min. Investment
โน1,17,600
GMP
+โน0 (+0%)
Est. Return
+0%
Listing Date
01 Jul 2026
Registrar
Bigshare Services
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
โญ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.07x subscribed
Issue Details
Fresh Issueโน27 Cr
Offer for Sale (OFS)โน5 Cr
Total Issue Sizeโน32 Cr
Face Valueโน10
Market Cap (at issue)โน92 Cr
Listing ExchangeBSE SME
๐
Open Date23 Jun 2026
๐ Close Date25 Jun 2026
โ๏ธ Cut-off Price Date25 Jun 2026
๐๏ธ Allotment Date29 Jun 2026
๐ธ Refund Initiation30 Jun 2026
๐ Demat Credit30 Jun 2026
๐ Listing Date01 Jul 2026
Objects of the Issue
- ๐ฐ Purchase of new machineries โ โน14.40 Cr
- ๐ฐ Capital expenditure for renovation of manufacturing facility โ โน4.00 Cr
- ๐ฐ General Corporate Purposes โ โน3.99 Cr
About the Company
Incorporated in 2021, Jivial Industries Limited manufactures finished aluminium railings and fixtures used in glass partitions, balconies, viewing windows, and building faรงades. Its product portfolio includes continuous profiles, handrails, spigots, brackets, jointers, locks and endcaps. The company serves construction companies, architects, interior designers, and fabricators across India with a strong presence in Gujarat, Maharashtra, and Chhattisgarh. Its manufacturing facility is located in Rajkot, Gujarat.
Strengths
- โ High PAT margins of ~24% โ strong profitability for a manufacturing SME
- โ Diversified customer base across India including exports to Oman
- โ Expanding to a second manufacturing unit for backward integration through aluminium extrusion
- โ Near-zero debt with Debt/Equity of 0.04
Risk Factors
- โ ๏ธ Highly competitive and fragmented aluminium railing market
- โ ๏ธ Revenue concentration in Gujarat, Maharashtra and Chhattisgarh
- โ ๏ธ Tiny equity base post-IPO means longer gestation for exchange migration
- โ ๏ธ Priced aggressively per analyst reviews
Subscription Status
0.07x Overall
QIB: โ
NII: 0.3x
RII: 0.0x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | โ | 0.31x | 0.01x | 0.07x |
| Day 2 | โ | โ | โ | 0.00x |
| Day 3 | โ | โ | โ | 0.00x |
Share Reservation
QIB
29%
NII
21%
RII
50%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
94.53%
Pre-IPO
โ -33.4%
61.16%
Post-IPO
IPO Timeline
โ
Open Date
23 Jun 2026
โ
Close Date
25 Jun 2026
โ
Allotment Date
29 Jun 2026
โ
Listing Date
01 Jul 2026
Key Financials
Revenueโน12 Cr
PATโน2.95 Cr
EPSโน8.98
P/E Ratio21.8x
ROE28.9%
Market Capโน92 Cr
Company Financials (Restated Consolidated)
| Period Ended | 9M FY26 | FY25 |
|---|---|---|
| Assets | 14.11 | 10.25 |
| Total Income | 12.20 | 12.07 |
| Profit After Tax | 2.95 | 2.97 |
| EBITDA | 3.76 | 3.75 |
| Net Worth | 11.66 | 8.72 |
| Reserves & Surplus | 8.35 | 5.41 |
| Total Borrowing | 1.23 | 0.38 |
Amount in โน Crore
Key Performance Indicators (KPI)
| KPI | 9M FY26 | FY25 |
|---|---|---|
| ROE (%) | 25.30 | 34.06 |
| EBITDA Margin (%) | 30.82 | 31.07 |
| Debt / Equity | 0.11 | 0.04 |
| Net Worth (Rs. Cr) | 11.66 | 8.72 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | โน8.98 | โ |
| P/E (x) | 21.8x | โ |
| ROE (%) | 28.9% | โ |
| Promoter Holding | 94.53% | 61.16% |
| Market Cap | โน92 Cr | |
IPO Registrar
IPO FAQs
Jivial Industries IPO is a SME IPO with an issue size of โน32 Cr at a price band of โน196. Minimum lot size is 600 shares (minimum investment ~โน1,17,600). Opens on 23 Jun 2026 and closes on 25 Jun 2026. Proposed listing on BSE SME. Registrar: Bigshare Services.