Jivial Industries SME: Check IPO Date, Live Subscription and Key Details
Jivial Industries Limited, incorporated in 2021, is an architectural hardware solutions company engaged in the manufacturing of finished aluminium hand railings, stainless steel glass railings, fixtures, and interior partition systems from unfinished extruded metal casting profiles. The company produces more than 50 distinct variants, specializing in structural 'Continuous Profiles' designed to firmly secure architectural glass sheets at the bottom, alongside premium support handrails. Operating from an integrated processing house in Rajkot, Gujarat, Jivial serves builders, premium architects, and structural engineering contractors across major real estate hubs in India (primarily Gujarat, Maharashtra, and Chhattisgarh) and exports its customized solutions to over 20 international corridors spanning the UAE, Saudi Arabia, UK, USA, and Australia.
Price Range
₹196.00
Issue Size
₹31.99 Cr
Lot Size
600 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹196
Estimate Profit
-
Retail Portion
50.00%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
8.42
P/E Ratio
23.29
RoNW
28.93%
ROE
28.93%
Debt to Equity
0.04
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Timeline
IPO Opens
23 Jun
IPO Closes
25 Jun
Allotment
29 Jun
Listing
1 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 23 June 2026 | Subscription starts |
| IPO Close Date | 25 June 2026 | Subscription ends |
| Allotment Date | 29 June 2026 | Allotment |
| Listing Date | 1 July 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,35,200 |
SHNI (Min) | 3 | ₹3,52,800 |
SHNI (Max) | 8 | ₹9,40,800 |
BHNIAbove ₹10,00,000 | 9 | ₹10,58,400 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 0.00% |
| NII (Non-Institutional Investor) | 50.00% |
| Retail | 50.00% |
| Market Maker | 5.00% |
| Total | 100.00% |
IPO Objectives
- Purchase and deployment of advanced core manufacturing machineries (₹14.40 Cr).
- Capital expenditure allocations for the comprehensive renovation and modernizing of its existing factory setup (₹4.00 Cr).
- Meeting public issue management expenditures and processing layouts (₹4.25 Cr).
- General Corporate Purposes (₹3.99 Cr).
Strengths
- The company achieves Premium Operating Profitability, demonstrating exceptional operational efficiency within the architectural fittings sector with a remarkable net PAT margin of 24.33% and an EBITDA margin of 31.08%.
- It secures a Global Diversification Runway, successfully de-risking its commercial revenue tunnels by exporting finished structural profiles to over 20 global corridors including the UK, USA, and Australia.
- The business maintains a Virtually Debt-Free Infrastructure, keeping an ultra-clean balance sheet with a near-zero debt-to-equity leverage multiplier tracking safely at a conservative 0.04.
- It showcases Outstanding Internal Efficiencies, demonstrating robust equity compounding performance with a restated financial Return on Capital Employed (RoCE) tracking at 33.14%.
Weaknesses
- The firm exhibits Stagnant Operating Revenues, as its core top-line scaling reflects immediate, acute plateauing patterns, moving very flat from ₹11.06 Cr in FY24 to ₹12.07 Cr across full FY25 and remaining static into late 2025.
- It carries Highly Friction-Heavy Issue Expenses, where out of the ₹31.99 Cr total public capital sought, an uncomfortably high ₹4.25 Cr (13.28%) is being entirely consumed by issue management expenditures rather than entering corporate assets.
- The company operates inside Deep Sector Fragmentation, navigating a highly localized, commoditized architectural metal processing market with minimal switching barriers for volume real estate builders.
- The issue faces Muted Unofficial Sentiments, with unlisted marketplace interest indicating a cold immediate participant appetite and parallel gray market premiums sitting frozen at ₹0.
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Financial Performance
| Period Ended | 31 Dec 2025 (9M) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 14.11 | 10.25 | 6.94 | 2.16 |
| Revenue (₹ Cr.) | 12.2 | 12.07 | 11.06 | 8.4 |
| PAT (₹ Cr.) | 2.95 | 2.97 | 2.41 | 1.17 |
| Net Worth (₹ Cr.) | 11.66 | 8.72 | 5.75 | 1.53 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Jivial Industries Ltd. | 7.44 | 23.29 | 41.09% | 11.66 |
| Euro Panel Products Ltd | 2.72 | 16.07 | 16.92% | 133.21 |
| Anb Metal Cast Limited | 5.98 | 27.3 | 21.82% | 34 |
Subscription Details
Daily Bids Status
| Category | Day 1 |
|---|---|
| QIB | 0x |
| NII | 0.31x |
| S-HNI | 0.03x |
| B-HNI | 0.34x |
| RII | 0.01x |
| Total | 0.07x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 23,92,600 | 0 | 0 |
| NII | 17,15,100 | 5,38,800 | 10.56 |
| Small NII | 55,98,900 | 1,54,800 | 3.03 |
| Big NII | 11,16,200 | 3,84,000 | 7.53 |
| RII | 41,90,000 | 25,200 | 0.49 |
| Total | 82,97,700 | 5,64,000 | 11.05 |
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Company Details
- Jivial Industries Ltd.
- Shade No. A1/5, Road C, Beside Daynamatic Forge, AJI GIDC, Rajkot, AJI Industrial Estate, Rajkot, Gujarat, 360003
- +91-8469022953
- cs@jivialrailings.com
- https://www.jivialrailings.com/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com/
Frequently Asked Questions
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Dhanwel Hybrid Seeds develops, processes, and markets hybrid seeds for field crops and vegetables. The company works with contract farmers to produce and supply agricultural seeds.
What are the IPO dates for Dhanwel Hybrid Seeds SME IPO?
The Dhanwel Hybrid Seeds SME IPO will open for subscription on June 24, 2026, and close on June 29, 2026.
What is the price band and minimum investment for Dhanwel Hybrid Seeds IPO?
The IPO price band is fixed at ₹95 to ₹99 per share. Retail investors need to apply for a minimum of 2 lots (2,400 shares), requiring an investment of ₹2,37,600 at the upper price band.
What is the Grey Market Premium (GMP) of Dhanwel Hybrid Seeds IPO today?
As of June 21, 2026, the Grey Market Premium (GMP) of Dhanwel Hybrid Seeds IPO is ₹0, indicating an expected listing price near ₹99 per share.
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