Jivial Industries IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.00x | 0.02x |
| NII | 0.31x | 0.32x | 0.76x |
| bNII > ₹10L | 0.70x | 0.70x | 1.68x |
| sNII 2-10L | 0.70x | 0.70x | 1.68x |
| Retail | 0.01x | 0.02x | 0.04x |
| Total | 0.07x | 0.07x | 0.18x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 8.40 | 11.06 | 12.07 | 12.20 |
| Expense | 6.98 | 8.12 | 8.48 | 8.59 |
| Profit (PAT) | 1.17 | 2.41 | 2.97 | 2.95 |
| Total Assets | 10.25 | 6.94 | 10.25 | 14.11 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Jivial Industries This IPO | 8.98 | - | 41.09 | 26.34 | - |
| ANB Metal Cast Ltd | 20.15 | 24.86 | 32.44 | 83.09 | 225.19 Cr |
| Euro Panel Products Ltd | 11.10 | 16.05 | 18.50 | 65.61 | 141.04 Cr |
| Sudal Industries Ltd | -1.08 | - | 2.39 | 28.48 | 181.51 Cr |
Promoters & Holding Pattern
Promoters: Mr. Anand Jitendrabhai Chovatiya and Mrs. Sheetalben Anand Chovatiya
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 33,10,000 | 94.53% |
| Promoter Holding Post Issue | 46,69,600 | 61.16% |
Strengths & Risks
- Solid profit margin — 24.6%.
- Strong return on equity — 41%.
- Low leverage — debt/equity of 0.04.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Undersubscribed — only 0.18x overall at close.
- Weak institutional (QIB) demand — the QIB portion was only 0.02x subscribed at close.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Jivial Industries
Founded in 2006 in Rajkot, Gujarat, Jivial Industries Limited is a prominent manufacturer of finished aluminium railings and fixtures from Unfinished extruded aluminium railings and Unfinished aluminium castings. Its product offering consists of Aluminium Hand Railings, Aluminum railing, Aluminum Spigots, Aluminium Conceal, and Aluminium Bend. The firm makes 2 types of aluminium railings: 1) Continuous profiles, which hold glass from the bottom, and 2) Handrails that support the glass from the top. Some of the major strengths of Jivial Industries are a strong brand reputation, strong financials, a growing customer base, and an experienced management team. The company’s main aim is to offer high-quality interior and exterior railing solutions to meet the requirements of customers. The firm has over 18 full-time employees as of August 2025.
Company Contact Information
Jivial Industries Ltd., Shade No. A1/5,, Road C, Beside Daynamatic Forge,, AJI GIDC, Rajkot, AJI Industrial Estate,, Rajkot, Gujarat, 360003
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Purchase of new machineries | 14.40 |
| Capital expenditure for renovation of manufacturing facility | 4.00 |
| General Corporate Purpose | - |
Resources & Documents
Jivial Industries IPO - Quick Take
Jivial Industries has fixed the issue price at Rs 196 per share for an issue size of Rs 32 crore. The stock listed with a 20.00% discount versus its issue price on July 01, 2026.
The issue is promoted by Mr. Anand Jitendrabhai Chovatiya and Mrs. Sheetalben Anand Chovatiya with Corporate Makers Capital Ltd. acting as lead manager. Net proceeds will primarily be used towards purchase of new machineries (Rs 14 crore) and capital expenditure for renovation of manufacturing facility (Rs 4 crore).
On fundamentals, the company is posting revenue growth of 9.1%, a profit margin of 24.6%, return on equity of 41.1% in its most recent reported period. Listed peers in this segment include ANB Metal Cast Ltd (P/E 24.86x) and Euro Panel Products Ltd (P/E 16.05x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Jivial Industries IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Jivial Industries GMP history and trend, or learn how grey market premium works and how reliable it is.
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