SME

IPO ·

BSE SME

Jivial Industries Ltd

Listed

Incorporated in 2021, Jivial Industries Limited manufactures finished aluminium railings and fixtures using unfinished extruded aluminium railings and unfinished aluminium castings.

Issue details

Price band

₹196

Face value

₹10

Lot size

600 shares

Minimum investment

₹2,35,200

Issue size

₹31.99 Cr

Fresh issue

₹25.05 Cr

Offer for sale

₹5.34 Cr

Issue type

Fixed Price

Exchange

BSE SME

Key dates

Opens

23 Jun 2026

Closes

25 Jun 2026

UPI mandate cut-off

5:00 PM on 25 Jun 2026

Allotment

29 Jun 2026

Refunds

30 Jun 2026

Shares in demat

30 Jun 2026

Listing

1 Jul 2026

Subscription and listing

Subscription

1.00x

Listing price

₹156.80

Registrar

Bigshare Services Pvt Ltd

Lead manager

Corporate Makers Capital

Subscription by category

Total

1.00x

Total applications

333

Listing day

Issue price

₹196

Open

₹156.80

High

₹164.60

Low

₹149.50

Day close

₹161.70

Listing gain at open

-20.00%

Issue structure

Shares reserved per category and share of the total issue

NII Shares Offered

7,75,200

47.50%

Retail Shares Offered

7,75,200

47.50%

Market Maker Shares Offered

81,600

5.00%

Total Shares Offered

16,32,000

100.00%

Finaccle’s quick read

Neutral

FY25 income up 9%, PAT up 23%, ROE 28.93%, post-issue P/E 23.29x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2021, Jivial Industries Limited manufactures finished aluminium railings and fixtures using unfinished extruded aluminium railings and unfinished aluminium castings. The company designs and manufactures aluminium railing systems used for glass partitions, balconies, viewing windows, and building façades. Its product portfolio includes continuous profiles, handrails, spigots, conceals, bends, brackets, jointers, locks, and endcaps. The company serves construction companies, architects, interior designers, glass providers, and fabricators across India.

Founded

2021

2021

Promoters

Anand Jitendrabhai Chovatiya, Sheetalben Anand Chovatiya

Anand Jitendrabhai Chovatiya, Sheetalben Anand Chovatiya

Promoter holding

94.53% pre-issue; 61.16% post-issue

94.53% pre-issue; 61.16% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Dec 2025

Dec 2025

12.20

12.20

3.76

2.95

2.95

11.66

1.23

1.23

14.11

FY25

FY25

12.07

12.07

3.75

2.97

2.97

8.72

0.38

0.38

10.25

FY24

FY24

11.06

11.06

3.08

2.41

2.41

5.75

0.44

0.44

6.94

FY23

FY23

8.40

8.40

1.42

1.17

1.17

1.53

0.18

0.18

2.16

ROE

28.93%

ROCE

33.14%

Debt / equity

—

PAT margin

24.33%

P/E post issue

23.29

Market cap

₹91.52 Cr

Use of IPO money

Purchase of new machineries

₹14.40 Cr

Capital expenditure for renovation of manufacturing facility

₹4.00 Cr

General Corporate Purposes

₹3.99 Cr

Issue Expenses

₹4.25 Cr

Strengths

✓

PAT up 23% in FY25 to ₹2.97 Cr

✓

PAT margin of 24.33%

✓

ROE of 28.93% and ROCE of 33.14%

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.