Updated 19.06.2026|4:14 PM
Jivial Industries Limited is set to launch its Initial Public Offering (IPO). It is a manufacturer of finished aluminium architectural products such as railings, spigots, and fixtures engineered for balconies and viewing windows.
Subscription for the public issue opens on Tuesday, June 23, 2026, and the issue will remain open to investors until Thursday, June 25, 2026.
Through this fixed-price offering of ₹196 per equity share, the Gujarat-based company aims to raise approximately ₹31.99 Crores by issuing 16,32,700 shares.
The issue comprises a fresh capital raise to fund backward integration machinery and a minor Offer for Sale (OFS) by its promoters.
In this article, you will find Jivial Industries IPO GMP today, subscription status, allotment date, price band, and a detailed review. Track all the IPOs of 2026 at our IPO latest section which is updated daily.
Briefs of Jivial Industries IPO Details:
- Issue Price: ₹196 per equity share (Fixed Price)
- Face Value: ₹10 per share
- IPO Open / Close Dates: June 23, 2026 – June 25, 2026
- Lot Size: 600 Shares (Note: Retail Minimum Application is 2 Lots / 1,200 Shares)
- Issue Size: 16,32,700 Equity Shares / ~₹31.99 Crores
- Fresh Issue: 13,60,000 Shares (~₹26.65 Cr)
- Offer for Sale (OFS): 2,72,700 Shares (~₹5.34 Cr)
- Registrar: Bigshare Services Pvt. Ltd.
- Listing Exchange: BSE SME
Out of the total issue size of 16,32,700 shares, a net total of 15,50,400 shares is being offered to the public after accounting for the Market Maker's portion. This net offer is allocated as outlined below:
- NII & QIB Portion (Non-Individual): The offering includes up to 7,75,200 equity shares for this category. Since it is a fixed-price issue, no separate Anchor Offer or specific QIB reservation exists, meaning institutional and HNI investors participate within the same combined allocation.
- Retail (RII) Portion: Up to 7,75,200 Equity Shares (50% of the Net Issue).
What are the Latest Updates regarding the Jivial Industries IPO Grey Market Premium?
Information regarding the GMP for this and various other issues can be found on our GMP hub page.
It is important to note that Grey Market Premiums vary daily in response to market demand. More GMP studies: GMP vs Listing Gains April 2026 IPOs: A Data Analysis of 12 IPOs
Since GMP is an informal indicator and is not overseen by SEBI, BSE, or NSE, it should not serve as the primary factor in making investment decisions.
What is the Complete Schedule of Important Dates and Allotment Details for the Jivial Industries IPO?
The critical schedule and milestones for this issue are detailed below:
- IPO Open Date: Tuesday, June 23, 2026
- IPO Close Date: Thursday, June 25, 2026
- Basis of Allotment Date: Monday, June 29, 2026
- Refund Initiation Date: Tuesday, June 30, 2026
- Credit of Shares: Tuesday, June 30, 2026
- Listing Date: Wednesday, July 1, 2026
What are the Stated Objectives and Capital Allocation Strategies for the Jivial Industries IPO?
The company proposes to utilize the Net Proceeds from the Fresh Issue towards the following strategic purposes:
- Purchase of New Machineries: A substantial ₹14.40 Crores is earmarked for acquiring aluminium extrusion machines. This will enable backward integration, allowing the company to manufacture raw materials in-house rather than importing/buying unfinished aluminium.
- Renovation: ₹4.00 Crores will fund the renovation of existing manufacturing facilities.
- General Corporate Purposes: The remaining balance will be directed toward general corporate operations and strategic objectives, with this specific allocation capped at 15% of the total gross proceeds.
(Note: None of the financial proceeds from the Offer for Sale will accrue to the company.).
How is The Financial Performance of Jivial Industries?
An overview of the company's financial performance, drawn from the restated financial statements, is presented in the following table.
(Figures in ₹ Crores)
Period Ended | 31 Dec 25 (9M) | 31 Mar 25 | 31 Mar 2024 | 31 Mar 23 |
Total Income | 12.20 | 12.07 | 11.06 | 8.40 |
Profit After Tax (PAT) | 2.95 | 2.97 | 2.41 | 1.17 |
EBITDA | 3.76 | 3.75 | 3.08 | 1.42 |
Total Borrowing | 1.23 | 0.38 | 0.44 | 0.18 |
Assets | 14.11 | 10.25 | 6.94 | 2.16 |
Source: RHP
Financial Analysis & Observations:
Total Income:
The company demonstrated steady revenue growth over the reported periods, driven by increasing market demand for architectural aluminium railings.
- Total income rose consistently from ₹8.40 Crores in FY23 to ₹12.07 Crores in FY25.
- The 9-month period ending December 2025 recorded ₹12.20 Crores, already surpassing the previous full fiscal year.
- This steady scaling reflects the company's established brand edge, supported by its patented spigot designs and quality certifications.
Jivial Industries Limited Total Income (Cr.)
·Profit After Tax (PAT):
Profitability surged remarkably, more than doubling from FY23 to FY25, highlighting the lucrative nature of its specialized product niche.
- PAT expanded from ₹1.17 Crores in FY23 to ₹2.97 Crores in FY25.
- The PAT margin improved to a robust 24.33% in the recent stub period (Dec '25).
- This exceptional bottom-line growth is a direct result of efficient cost management and scale advantages.
Jivial Industries Limited IPO profit after tax from In Cr
·EBITDA:
Operational efficiency improved markedly, with EBITDA margins expanding significantly over the last three years.
- EBITDA jumped from ₹1.42 Crores in FY23 to ₹3.75 Crores in FY25.
- The EBITDA margin expanded from 16.96% in FY23 to 31.23% in FY25.
- This margin expansion is attributed to lower raw material procurement costs and a focus on high-value end products.
Jivial Industries Limited IPO EBITDA (In Cr.)
·Total Borrowing:
The company operates with a highly conservative balance sheet, maintaining very low debt levels relative to its peers.
- Total borrowings stood at a mere ₹1.23 Crores by December 2025.
- This low debt profile shields the company from high interest costs and financial distress during economic downturns.
- The current low leverage provides ample headroom to comfortably execute the planned capital expenditure.
Jivial Industries Limited IPO Borrowings In Cr
Assets:
The asset base has expanded rapidly to support the scaling of operations and the accumulation of necessary inventory.
- Total assets grew from ₹2.16 Crores in FY23 to ₹14.11 Crores by December 2025.
- This growth is largely fueled by increases in current assets, particularly trade receivables and raw materials.
- The upcoming machinery purchases funded by the IPO will further expand the fixed asset base.
What Are the P/E Ratio and Peer Comparison?
For valuation purposes, the Price-to-Earnings (P/E) ratio is calculated directly from the fixed issue price.
- Issue Price: ₹196
- EPS (FY25): ₹8.98
- P/E Ratio: ~21.83x
Peer Comparison Table (FY 2024-25 Data):
Company | P/E Ratio | RoNW (%) | EPS (₹) | Total Revenue (₹ Cr) |
Jivial Industries | 21.83x | 41.09% | 8.98 | 12.01 |
ANB Metal Cast Ltd | 24.86x | 32.44% | 20.15 | 225.19 |
Euro Panel Products | 16.05x | 18.50% | 11.10 | 141.04 |
Sudal Industries Ltd | N/A | 2.39% | (1.08) | 181.51 |
Analysis:
Jivial Industries is entering the market at a P/E multiple of approximately 21.83x based on its FY25 EPS.
When compared to listed peers like Euro Panel Products (16.05x) and ANB Metal Cast (24.86x), the issue appears to be priced moderately.
While Jivial operates on a much smaller revenue base than its peers, it has a better Return on Net Worth (RoNW) of 41.09%.
This indicates that Jivial is highly efficient in generating profits from shareholder equity, which strongly justifies its valuation relative to lower-return competitors.
What is the Industry Outlook of Jivial Industries?
Growth Potential: The Indian architectural hardware and aluminium extrusion market is growing, fueled by rapid urbanization, premium real estate development, and the modernization of residential spaces.
Market Trends: There is a clear shift toward branded, certified, and aesthetically pleasing hardware over unorganized alternatives. Jivial’s patented designs and planned backward integration (manufacturing own extrusions) position it to capture higher margins in this evolving landscape.
What Are The Strengths and Risks of Jivial Industries IPO?
Strengths:
- High Profitability: A stellar RoNW of 41.09% and EBITDA margins over 31% indicate exceptional management of deployed capital.
- Backward Integration: The IPO-funded capex to manufacture extruded aluminium in-house will reduce reliance on third-party suppliers and further expand gross margins.
- Intellectual Property: Holding registered patents for specific spigot designs provides a strong competitive moat against unorganized players.
Risks:
- Raw Material Volatility: Currently dependent on external suppliers for unfinished aluminium, making margins highly sensitive to global metal price fluctuations.
- Geographic Concentration: Over 72% of revenues come from just three states (Gujarat, Maharashtra, Chhattisgarh), exposing the company to regional risks.
- Negative Cash Flows: The company has a history of negative cash flows from operating activities, highlighting the need for efficient working capital management.
Key Considerations for Investors
- Minimum Application: With a lot size of 600 shares, the minimum application for Retail Individual Investors stands at two lots (1,200 shares), amounting to ₹2,35,200. It is worth noting that since this figure exceeds the conventional ₹2 Lakh cap for retail investments, it effectively targets the Small-HNI demographic.
- Valuation vs. Risk: At ~21.8x P/E, the pricing is fair relative to its high RoNW, but the small scale of operations and geographic concentration remain risks.
- Growth Strategy: The clear capex plan for backward integration is a strong catalyst for future margin sustainability.
Important IPO Resources:
2. IPO allotment status key details
3. Daily subscription numbers of Live IPOs
4. IPO Listing Performance Tracker 2026 – Complete Dataset of IPO Listing Gains in India
5. GMP vs Listing Gains March 2026 IPOs: A Data Analysis of 21 IPOs
6. May 2026 IPO Subscription Review: 16 IPOs Data, Demand Patterns & Key Trends
Key Takeaways
- IPO Price: ₹196 per share (Fixed Price).
- Min Investment: ₹2,35,200 (1,200 Shares).
- Valuation: P/E of ~21.83x (Fair vs Peers).
- Financials: Revenue ₹12 Cr (FY25); High RoNW (41%).
- Listing: BSE SME platform on July 1, 2026.
FAQs on Jivial Industries IPO
What are the current Grey Market Premium figures for the Jivial Industries public issue?
As an indicator driven by shifting market sentiment, the GMP changes regularly. Please check our specific GMP section for current updates.
What is Jivial Industries IPO price band?
The equity shares are priced at a fixed rate of ₹196 per share for the issue.
What is Jivial Industries IPO allotment date?
The finalization of the allotment status is anticipated to occur on Monday, June 29, 2026.
How to check Jivial Industries IPO allotment status?
Allotment details are accessible through the registrar's website, Bigshare Services Pvt. Ltd., as well as the BSE IPO allotment verification portal.
What is Jivial Industries IPO listing date?
The scheduled listing date for the shares is Wednesday, July 1, 2026, subject to final confirmation.
Investment Perspective on Jivial Industries IPO
Jivial Industries offers a highly profitable, patent-backed play in the niche architectural hardware segment. The company's clean balance sheet, superior return ratios, and strategic backward integration plan are compelling. However, prospective investors must evaluate the small scale of the business, regional concentration, and the high minimum investment ticket size before participating.
Disclaimer:
This content is designed strictly for informational and educational purposes. It is highly recommended to consult with a SEBI-registered investment professional before committing to any investments.
