Jivial Industries Ltd IPO
Non Ferrous Metals
Price Band
₹196 – ₹196
Lot Size
600
Minimum Bid Quantity
1200
Minimum Investment
₹235200
Issue Size
₹31.99Cr
Opens
2026-06-23
Closes
2026-06-25
Listing
01-07-2026
Subscription Status
Qualified Institutional Buyers
0 x
Non-Institutional Investor
1.52 x
Retail Individual Investor
0.19 x
Total
0.92 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0V3T01017
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Jivial Industries Limited is engaged in the manufacturing of aluminium railings and aluminium fixtures used in glass installations for balconies, partitions, façades, viewing windows, and similar applications. Its product portfolio includes aluminium handrails, bottom railings, spigots, conceals, bends, brackets, jointers, locks, and endcaps. The company has also obtained three patents for the design of its aluminium spigots. Jivial Industries primarily serves construction companies, architects, interior designers, glass providers, and fabricators across India. The company operates from its registered office and manufacturing facility in Rajkot, Gujarat, where all its products are currently manufactured.
Pros
- • Jivial Industries operates in a niche segment focused on aluminium railings and related fixtures used in glass installations. Its product portfolio includes handrails, bottom railings, spigots, brackets, bends, jointers, locks, conceals, and endcaps, allowing it to cater to multiple requirements within the same product category.
- • The company has obtained three patents from the Government of India for the design of its aluminium spigots. These patents may provide product differentiation in a market where many products are otherwise standardised.
- • The company is developing a second manufacturing facility in Rajkot. Through this facility, it plans to expand its production capacity and set up aluminium extrusion machines, which could reduce dependence on external suppliers for unfinished aluminium railings, a key raw material.
Cons
- • The company's top 10 suppliers accounted for materials worth Rs 7.83 crore, Rs 7.51 crore, and Rs 5.59 crore in FY25, FY24, and FY23, respectively, accounting for 87.02%, 90.70%, and 90.74% of total raw material purchases. Any disruption in supplier relationships, supply shortages, or volatility in aluminium prices could adversely affect production schedules, margins, and profitability.
- • The company's top 10 customers contributed Rs 5.52 crore, Rs 4.78 crore, and Rs 2.97 crore in FY25, FY24, and FY23, respectively, accounting for 45.94%, 43.23%, and 35.26% of revenue from operations. The loss of any major customer or a reduction in order volumes from key customers could adversely affect revenue and cash flows.
- • Aluminium railings contributed Rs 9.39 crore, Rs 6.02 crore, and Rs 5.02 crore in FY25, FY24, and FY23, respectively, accounting for 77.81%, 54.44%, and 59.83% of revenue from operations. Any decline in demand, increase in competition, raw material shortages, or pricing pressures affecting this product category could adversely impact the company's revenues, cash flows, and profitability.
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