📞Call us
+91 80629 16290
Jivial Industries Ltd IPO
Status: Closed
Overview
IPO date
23 Jun 2026 to 25 Jun 2026
Face value
₹ 10 per share
Price
₹ 196 to ₹196 per share
Issue Size
1,632,000 shares
(aggregating up to ₹ 31.99 Cr)
(aggregating up to ₹ 31.99 Cr)
Allotment Date
29 Jun 2026
Listing at
NSE
Issue type
Fixed Price - SME
Sector
Non Ferrous Metals
Unlock Stock of the Month
T&C*
Strengths vs Risks of Jivial Industries Ltd
Know the pros & cons
Strengths
- Strong brand reputation.
- Strong financials.
- Strong customer base.
- Experienced management.
Risks
- The Company is dependent on external suppliers for its major raw materials, unfinished extruded aluminium railings and unfinished aluminium castings. The pricing of aluminium can be volatile and could adversely impact financial condition.
- The company has not entered into any agreement or contract with its customers. The company work on purchase order basis with them. Its inability to maintain relationships with the company customers could has an adverse effect on its business, prospects, results of operations and financial condition.
- The company generate a substantial portion of its revenue from Gujarat, Maharashtra and Chattisgarh, states of the company country. Any adverse developments affecting its operations in these states could has an adverse impact on the company revenues and results of operations.
- The company has experienced negative cash flow in the past and may continue to does so in the future, which could has a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- The company product finished Aluminium Railings contributes significantly to its revenues from operation. Any loss of business from such product may adversely affect the company revenues and profitability.
- The Company does not has any logo in its name, the company has acquired one logo by one of the promoters of the company through assignment deed any failures to get it renewal of such assignment deed may adversely affect its business.
- As on December 31, 2025, the company is utilising almost 66.75% of its manufacturing capacities in certain processes which could limit the company growth and could has an adverse effect on its business, future prospects and future financial performance.
- The company Promoters and Directors has extended mortgage over their properties along with personal guarantees with respect to various loan facilities availed by its Company. Revocation of any or all of these personal guarantees may adversely affect the company business operations and financial condition.
- There is certain outstanding legal proceeding involving the company Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.
- The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
- Any disruption in production at, or shutdown of, the company sole functional manufacturing facility could adversely affect its business, results of operations and financial condition.
- The Company's business activities is labour intensive and depends on availability of skilled and unskilled labourers. In case of unavailability of such labourers and / or inability to retain such personnel, strikes, work stoppages or increased wages demands by its labours, employees or any other kind of disputes with the company labour and employees could adversely affect its business and results of operations.
- There has been certain instances of non-compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent.
- The company could be harmed by employee misconduct or errors that is difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
- The company customers could delay taking supply after placing order, modify their order, cancel their order or not pay in full or part for their order, which may has an adverse effect on its business, financial condition and results of operations.
- The company does not own the premises in which its Registered Office-cum-Manufacturing facility-Unit-I and Proposed Manufacturing Facility-Unit-II are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect the company operations.
- The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors is not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
- Change in Statutory Auditors.
- The Company is dependent on third party transportation providers for the delivery of raw materials and finished products.
- The company inability to collect receivables and default in payment from its customers could result in the reduction of the company profits and affect its cash flows.
- Changing laws, rules and regulations and legal uncertainties, including adverse application of corporate and tax laws, may adversely affect the company business, results of operations, financial condition, and prospectus.
- The company inability to accurately forecast demand for its products and manage the company inventory may has an adverse effect on its business, financial condition, results of operations and cash flows.
- Changes in industry requirements and technology may render the company current technologies obsolete or requires its to make substantial capital investments for upgradation of the machinery.
- Any future unusual or infrequent events or transactions may adversely affect the company financial performance.
- The company insurance coverage may not adequately protect its against all material hazards, which may adversely affect the company business, results of operations and financial condition.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- The average cost of acquisition of Equity Shares by the company Promoters could be lower than the Issue price.
- The company financing agreements contain covenants that limit its flexibility in operating the company business. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company business, results of operations and financial condition.
- Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
- The company is subject to quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect the company reputation, financial conditions, cash flows and results of operations.
- If the company is subject to any fraud, theft, or embezzlement by its employees or job workers, it could adversely affect the company reputation, results of operations and financial condition. Its could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect the company financial condition, results of operations and reputation.
- The company faces competition in its business from organized and unorganized players, which may adversely affect the company business operations and financial condition.
- Stringent environmental, health and safety laws and regulations or stringent enforcement of existing environmental, health and safety laws and regulations may result in increased liabilities and increased capital expenditures.
- The company inability to effectively manage its growth or to successfully implement the company business plan and growth strategies could has an adverse effect on the company business, results of operations and financial condition.
- Any failures or significant weakness of the company internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
- The determination of the Issue Price is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- Any inability to address changing industry standards and consumer trends may adversely affect the company business, results of operations and financial condition.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- The company funding requirements and the proposed deployment of Net Proceeds is not appraised by any independent agency, which may affect the company business and results of operations.
- There may be potential conflicts of interest if its Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as the company business operations.
- The company success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of the company directors and key managerial personnel are interested to the extent of their shareholding and dividend entitlement, if any in its Company.
- The company may not be successful in implementing its business strategies.
- None of the company Directors and KMPs possess experience of being on the board of any listed company.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- The requirements of being a public listed company may strain the company resources and impose additional requirements.
- The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company financing arrangements.
- Certain key performance indicators for certain listed industry peers included in this Prospectus has been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- This Prospectus contains information from an industry report which was prepared by CARE Edge Analytics & Advisory ("CARE Edge") pursuant to an engagement with the Company.
- Information relating to the company production capacities and the capacity utilization of its Manufacturing Facility included in this Prospectus is based on factual data and proposed capacity is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
- The Company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect the trading price of the Equity Shares.
- The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
Jivial Industries Ltd Peer Comparison
Understand the company’s industry standing
Jivial Industries Limited
ANB Metal Cast Ltd
Euro Panel Products Ltd
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
12.01
225.19
141.04
EPS-Basis
8.98
20.15
11.1
EPS-Diluted
---
---
---
NAV Per Share
26.33
83.09
65.61
P/E-Basic EPS
21.83
24.86
16.05
P/E-Diluted EPS
---
---
---
RONW(%)
41.09
32.44
18.5
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Jivial Industries Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT AnalysisRead More
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%Read More
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details HereRead More
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!Read More
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!Read More
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowRead MoreOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchRead MoreMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 23 Jun 2026 & closes on 25 Jun 2026.
Jivial Industries Limited was originally incorporated as Private Limited, in the name and style of 'Jivial Industries Private Limited' on June 23rd, 2021 vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat. Later on, company was converted into public limited company, the name of the Company changed to 'Jivial Industries Limited' and for the same fresh Certificate of Incorporation dated January 01st, 2024, issued by the Registrar of Companies, Ahmedabad, Gujarat.
Jivial Industries an ISO 9001:2015 certified company, promoted by Mr. Anand Jitendrabhai Chovatiya and Mrs. Sheetalben Anand Chovatiya in Rajkot district of Gujarat, India. The Company is the manufacturer and supplier of aluminum Extrusion Products like aluminum railing and stainless steel glass railing products in India to small and medium level construction projects. Customers are
wholesalers, architect, interior designers, builders, glass providers and fabricators.
The Company's journey began in year 2018, while the Promoter, Mr. Anand Jitendrabhai Chovatiya established his own manufacturing unit for aluminum railings under the Proprietorship Firm 'Jivial Industries'. Later on, the Firm got acquired by the Company in September, 2023 through Business Transfer Agreement,
The Company is planning an Initial Public Issue of upto 13,69,200 Equity Shares by raising funds from public aggregating to Rs 13 Crore through Fresh Issue.
Jivial Industries Ltd IPO will close on 25 Jun 2026.
- Strong brand reputation.
- Strong financials.
- Strong customer base.
- Experienced management.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Anand Jitendrabhai Chovatiya | 1584000 | 47.85 | 1447800 | 31 |
| 2 | Sheetalben Anand Chovatiya | 1424000 | 43.02 | 1287800 | 27.58 |
| 3 | Jitendra Lavjibhai Chovatiya | 60400 | 1.82 | 60400 | 1.29 |
| 4 | Sangitaben Jitendrabhai Chovat | 60400 | 1.82 | 60400 | 1.29 |
- The Company is dependent on external suppliers for its major raw materials, unfinished extruded aluminium railings and unfinished aluminium castings. The pricing of aluminium can be volatile and could adversely impact financial condition.
- The company has not entered into any agreement or contract with its customers. The company work on purchase order basis with them. Its inability to maintain relationships with the company customers could has an adverse effect on its business, prospects, results of operations and financial condition.
- The company generate a substantial portion of its revenue from Gujarat, Maharashtra and Chattisgarh, states of the company country. Any adverse developments affecting its operations in these states could has an adverse impact on the company revenues and results of operations.
- The company has experienced negative cash flow in the past and may continue to does so in the future, which could has a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- The company product finished Aluminium Railings contributes significantly to its revenues from operation. Any loss of business from such product may adversely affect the company revenues and profitability.
- The Company does not has any logo in its name, the company has acquired one logo by one of the promoters of the company through assignment deed any failures to get it renewal of such assignment deed may adversely affect its business.
- As on December 31, 2025, the company is utilising almost 66.75% of its manufacturing capacities in certain processes which could limit the company growth and could has an adverse effect on its business, future prospects and future financial performance.
- The company Promoters and Directors has extended mortgage over their properties along with personal guarantees with respect to various loan facilities availed by its Company. Revocation of any or all of these personal guarantees may adversely affect the company business operations and financial condition.
- There is certain outstanding legal proceeding involving the company Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.
- The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
- Any disruption in production at, or shutdown of, the company sole functional manufacturing facility could adversely affect its business, results of operations and financial condition.
- The Company's business activities is labour intensive and depends on availability of skilled and unskilled labourers. In case of unavailability of such labourers and / or inability to retain such personnel, strikes, work stoppages or increased wages demands by its labours, employees or any other kind of disputes with the company labour and employees could adversely affect its business and results of operations.
- There has been certain instances of non-compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent.
- The company could be harmed by employee misconduct or errors that is difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
- The company customers could delay taking supply after placing order, modify their order, cancel their order or not pay in full or part for their order, which may has an adverse effect on its business, financial condition and results of operations.
- The company does not own the premises in which its Registered Office-cum-Manufacturing facility-Unit-I and Proposed Manufacturing Facility-Unit-II are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect the company operations.
- The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors is not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
- Change in Statutory Auditors.
- The Company is dependent on third party transportation providers for the delivery of raw materials and finished products.
- The company inability to collect receivables and default in payment from its customers could result in the reduction of the company profits and affect its cash flows.
- Changing laws, rules and regulations and legal uncertainties, including adverse application of corporate and tax laws, may adversely affect the company business, results of operations, financial condition, and prospectus.
- The company inability to accurately forecast demand for its products and manage the company inventory may has an adverse effect on its business, financial condition, results of operations and cash flows.
- Changes in industry requirements and technology may render the company current technologies obsolete or requires its to make substantial capital investments for upgradation of the machinery.
- Any future unusual or infrequent events or transactions may adversely affect the company financial performance.
- The company insurance coverage may not adequately protect its against all material hazards, which may adversely affect the company business, results of operations and financial condition.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- The average cost of acquisition of Equity Shares by the company Promoters could be lower than the Issue price.
- The company financing agreements contain covenants that limit its flexibility in operating the company business. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company business, results of operations and financial condition.
- Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
- The company is subject to quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect the company reputation, financial conditions, cash flows and results of operations.
- If the company is subject to any fraud, theft, or embezzlement by its employees or job workers, it could adversely affect the company reputation, results of operations and financial condition. Its could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect the company financial condition, results of operations and reputation.
- The company faces competition in its business from organized and unorganized players, which may adversely affect the company business operations and financial condition.
- Stringent environmental, health and safety laws and regulations or stringent enforcement of existing environmental, health and safety laws and regulations may result in increased liabilities and increased capital expenditures.
- The company inability to effectively manage its growth or to successfully implement the company business plan and growth strategies could has an adverse effect on the company business, results of operations and financial condition.
- Any failures or significant weakness of the company internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
- The determination of the Issue Price is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- Any inability to address changing industry standards and consumer trends may adversely affect the company business, results of operations and financial condition.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- The company funding requirements and the proposed deployment of Net Proceeds is not appraised by any independent agency, which may affect the company business and results of operations.
- There may be potential conflicts of interest if its Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as the company business operations.
- The company success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of the company directors and key managerial personnel are interested to the extent of their shareholding and dividend entitlement, if any in its Company.
- The company may not be successful in implementing its business strategies.
- None of the company Directors and KMPs possess experience of being on the board of any listed company.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- The requirements of being a public listed company may strain the company resources and impose additional requirements.
- The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company financing arrangements.
- Certain key performance indicators for certain listed industry peers included in this Prospectus has been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- This Prospectus contains information from an industry report which was prepared by CARE Edge Analytics & Advisory ("CARE Edge") pursuant to an engagement with the Company.
- Information relating to the company production capacities and the capacity utilization of its Manufacturing Facility included in this Prospectus is based on factual data and proposed capacity is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
- The Company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect the trading price of the Equity Shares.
- The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
The Issue type of Jivial Industries Ltd is Fixed Price - SME.
The minimum application for shares of Jivial Industries Ltd is 1200.
The total shares issue of Jivial Industries Ltd is 1632000.
Initial public issue of up to 16,32,000 equity shares of face value of Rs. 10/- each of Jivial Industries Limited ("JIVIAL" or the "Company" or the "Issuer") for cash at a price of Rs. 196 per equity share including a share premium of Rs. 186 per equity share (the "Issue Price") aggregating to Rs. 31.99 Crores ("The Issue"), comprising of fresh issue of 13,59,600 equity shares aggregating to Rs. 26.65 Crores (the " Fresh Issue") and an offer for sale of 2,72,400 equity shares by Anand Jitendrabhai Chovatiya and Sheetalben Anand Chovatiya ("the Selling Shareholders" or "Promoter Selling Shareholders") ("Offer For Sale") aggregating to Rs. 5.34 Crores, out of which 81,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 196 per equity share including a share premium of Rs. 186 per equity share aggregating to Rs. 1.60 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The public issue less the market maker reservation portion i.e. Net issue of 15,50,400 equity shares of face value of Rs.10/- each at a issue price of Rs. 196 per equity share including a share premium of Rs. 186 per equity share aggregating to Rs. 30.39 Crores is herein after referred to as the "Net Issue". The public issue and the net issue will constitute 34.95% and 33.20% respectively of the post issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10/- each and the issue price is 19.60 times of the face value.
Fixed price issue at Rs. 196/- per equity share.
Minimum application size of 1,200 equity shares and in multiples of 600 equity shares thereafter.