Jivial Industries IPO
Non Ferrous Metals • ₹31.99 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Muted IPO demand (0.9x overall subscription)
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹196
Lot Size
600 shares
Issue Size
₹31.99 Cr
Open
23 Jun 2026
Close
25 Jun 2026
Subscription
0.92×
IPO Schedule
| Issue Open Date | 23 Jun 2026 |
| Issue Close Date | 25 Jun 2026 |
| Allotment Date | 29 Jun 2026 |
| Listing Date | 30 Jun 2026 |
About Jivial Industries
Jivial Industries Limited is engaged in the manufacturing of aluminium railings and aluminium fixtures used in glass installations for balconies, partitions, façades, viewing windows, and similar applications. Its product portfolio includes aluminium handrails, bottom railings, spigots, conceals, bends, brackets, jointers, locks, and endcaps. The company has also obtained three patents for the design of its aluminium spigots. Jivial Industries primarily serves construction companies, architects, interior designers, glass providers, and fabricators across India. The company operates from its registered office and manufacturing facility in Rajkot, Gujarat, where all its products are currently manufactured.
Company Details
Founders / Promoters
Mr. Anand Jitendrabhai Chovatiya
Founded
2021
Registrar
Bigshare Services Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Jivial Industries — IPOFins Verdict
QuantitativeDriven by overall subscription of 0.9x and elevated disclosed risk (9/10), Jivial Industries listed at a discount of 20.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- 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, bracke
- 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 other
- 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 depen
- 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 se
- 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
Score breakdown — what drove this verdict
High risk from DRHP → score -1.6
Total demand signal → score −1.5
Actual listing outcome → score −1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹196
Listing Price
₹156.8
Listing Gain/Loss
-20.00%
Listing Date
30 Jun 2026
Price Since Listing
Returns are measured against the ₹196 issue price.
Listing
₹156.8
-20.0%
1 Week
₹131.8
-32.8%
1 Month
₹83
-57.7%
Current
₹83
-57.7%
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FAQ
What is the price band of Jivial Industries IPO?
The price band is ₹196 per share with a lot size of 600 shares. Minimum investment: ₹1,17,600.
What does Jivial Industries do?
Jivial Industries Limited is engaged in the manufacturing of aluminium railings and aluminium fixtures used in glass installations for balconies, partitions, façades, viewing windows, and similar applications. Its product portfolio includes aluminium handrails, bottom railings, spigots, conceals, bends, brackets, jointers, locks, and endcaps. The company has also obtained three patents for the design of its aluminium spigots. Jivial Industries primarily serves construction companies, architects, interior designers, glass providers, and fabricators across India. The company operates from its registered office and manufacturing facility in Rajkot, Gujarat, where all its products are currently manufactured.
Should I apply for Jivial Industries IPO?
Jivial Industries listed at ₹156.8 (-20.0% discount to the ₹196 issue price) after 0.9x subscription. IPOFins Score 1/10: Driven by overall subscription of 0.9x and elevated disclosed risk (9/10), Jivial Industries listed at a discount of 20.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Jivial Industries?
Jivial Industries was founded by Mr. Anand Jitendrabhai Chovatiya in 2021.