Jivial Industries SME IPO
Jivial Industries IPO — date, price band, GMP & allotment 2026
Jivial Industries IPO was open for subscription from 23 June 2026 to 25 June 2026. Incorporated in 2021, Jivial Industries Limited is engaged in the manufacturing of aluminium railings and architectural fixtures used in balconies, facades, partitions and glass installations. The company follows a manufacturing-led business model, supplying finished aluminium products to the construction and infrastructure sectors. Based in Rajkot, Gujarat, it serves customers across India and holds design patents for select aluminium products.
Stock price
Jivial Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 18 September.
- Open 23 Jun 2026
- Close 25 Jun 2026
- Allotment 29 Jun 2026
- Refund/credit 30 Jun 2026
- Listing 01 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Jun, 2026 |
|---|---|
| Price Band | ₹196 |
| Face Value | ₹10 |
| Lot Size | 600 Shares |
| Issue Size | ₹31.98 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,35,200 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 600 shares at the ₹196 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 1,200 | ₹2,35,200 |
| Retail (max) | 2 | 1,200 | ₹2,35,200 |
| HNI (min) | 3 | 1,800 | ₹3,52,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Operates in the growing architectural and construction materials sector.
- 02Manufactures a wide range of aluminium railings and architectural fixtures.
- 03Holds proprietary design patents for selected aluminium products.
- 04Value-added manufacturing model supports better margins than pure trading.
- 05Increasing demand for modern building and glass installation solutions supports growth.
Risks · 5
- 01Business performance depends heavily on the construction and real estate sectors.
- 02Fluctuations in aluminium prices may impact profitability.
- 03Relatively short operating history compared to established industry players.
- 04Intense competition from organized and unorganized manufacturers could affect margins.
- 05Slowdown in infrastructure and real estate activity may reduce product demand.
Three years of numbers
All figures in ₹ crore, as reported in the Jivial Industries offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 14.11 | 10.25 | 6.94 | 2.16 |
| Total Income | 12.20 | 12.07 | 11.06 | 8.40 |
| Profit After Tax | 2.95 | 2.97 | 2.41 | 1.17 |
| EBITDA | 3.76 | 3.75 | 3.08 | 1.42 |
| NET Worth | 11.66 | 8.72 | 5.75 | 1.53 |
| Reserves and Surplus | 8.35 | 5.41 | 2.44 | 1.52 |
| Total Borrowing | 1.23 | 0.38 | 0.44 | 0.18 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Jivial Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Jivial Industries IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹8.42 |
| P/E Ratio (x) | 23.29 |
| Market Cap at Offer Price (₹ Cr) | ₹68.67 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹196 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹26.64 Cr of the issue is earmarked to named objects.
About the company
The company manufactures finished aluminium railings, handrails, spigots, brackets, jointers, locks, end caps and other architectural fixtures used in glass installations, balconies, staircases and building facades. Its business model is based on converting aluminium extrusions and castings into value-added finished products and supplying them to dealers, contractors and construction projects. The company also benefits from proprietary product designs and a growing demand for modern architectural solutions.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91-8469022953
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Corporate Makers Capital Ltd.
9 issues handledBest listing: Kwick Forensic Solutions (+66.7%). Weakest: Fly-Hi Maritime Travels (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Jivial Industries?
The current Grey Market Premium is ₹0.
What is the Jivial Industries IPO price band?
₹196, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 June 2026, with listing on 1 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
