Jivial Industries IPO

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.

• 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

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Disclosed Risk 9/10

High risk from DRHP → score -1.6

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Overall Subscription 0.9×

Total demand signal → score −1.5

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Listing Performance -20.0%

Actual listing outcome → score −1.5

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SME Liquidity Discount SME

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.