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Jivial Industries Ltd IPO
Jivial Industries Ltd
₹2,35,200 /1200 sharesMinimum investment
IPO details
Minimum investment
₹2,35,200
Price range
₹196 - ₹196
Lot size
600
Issue size
31.99 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
23 Jun 2026
IPO open date
25 Jun 2026
IPO close date
29 Jun 2026
Allotment date
29 Jun 2026
Funds unblock or debit
1 Jul 2026
Tentative listing date
About
Founded in
2021
MD/CEO
Mr. Anand Jitendrabhai Chovatiya
Parent organisation
Jivial Industries Ltd
Jivial Industries Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
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.
Jivial Industries supplies products across multiple states in India. While Gujarat remains its largest market, the company also derives revenue from Maharashtra, Chhattisgarh, Rajasthan, Delhi, and several other states.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). The revenue from operations increased from Rs 8.40 crore in FY23 to Rs 11.06 crore in FY24 and further to Rs 12.01 crore in FY25. PAT grew from Rs 1.17 crore in FY23 to Rs 2.41 crore in FY24 and Rs 2.97 crore in FY25.
The company operates a manufacturing facility in Rajkot, Gujarat, spread across approximately 6,500 square feet. It is ISO 9001:2015 certified for quality management systems and ISO 14001:2015 certified for environmental management systems.
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.
Revenue from Gujarat stood at Rs 5.60 crore, Rs 5.45 crore and Rs 3.73 crore in FY25, FY24, and FY23, respectively, accounting for 46.65%, 49.27% and 44.43% of revenue from operations. Any adverse economic, regulatory, or market developments in Gujarat could have a material impact on the company's business, revenues, and financial performance.
All existing production is carried out from one manufacturing facility in Rajkot. Any disruption due to equipment failure, accidents, power outages, labour issues, or regulatory actions could temporarily halt production and affect customer deliveries.
The company utilised approximately 81% of its aluminium railing manufacturing capacity in FY25. Since additional machinery cannot be accommodated at the current facility, future growth depends on the successful execution of its expansion plans and the new manufacturing unit.
The company reported negative cash flow from operating activities of Rs 0.24 crore in FY24. It also reported negative cash flow from investing activities of Rs 0.75 crore, Rs 1.12 crore, and Rs 0.11 crore in FY25, FY24, and FY23, respectively, and negative cash flow from financing activities of Rs 0.08 crore in FY25. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future
Application details
For Jivial Industries IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹196 - ₹196 | ₹2 - ₹5 Lakhs | 600 |