Jivial Industries Limited, a manufacturer of finished aluminium railings and fixtures for the architectural and construction markets, will open its Initial Public Offering (IPO) on June 23, 2026. The company aims to raise ₹31.98 crores through the issue, with shares proposed for listing on the SME Platform of BSE Limited (BSE SME).
IPO Details and Structure
The IPO comprises a fresh issue of 13,59,600 equity shares and an Offer for Sale (OFS) of 2,72,400 equity shares, totaling 16,32,000 equity shares. The issue price is fixed at ₹196 per share, with a lot size of 600 equity shares. The allocation includes up to 81,600 shares for market makers, 7,75,200 shares for Retail Individual Investors (RII), and 7,75,200 shares for other individual investors.
The net proceeds from the fresh issue will be utilized for purchasing new machinery, capital expenditure for renovating manufacturing facilities, and general corporate purposes. The subscription period runs from June 23 to June 25, 2026. Corporate Makers Capital Limited serves as the Lead Manager, and Bigshare Services Private Limited is the Registrar.
Management Commentary
Mr. Anand Jitendrabhai Chovatiya, Chairman & Managing Director of Jivial Industries Limited, stated: "The proposed IPO marks an important milestone in Jivial Industries' growth journey. Since inception, we have focused on delivering high-quality aluminium railings and fixtures that cater to the evolving needs of residential, commercial, and infrastructure projects across India." He added that proceeds will help strengthen manufacturing capabilities and support expansion initiatives.
Mr. Rohit Pareek, Director of Corporate Makers Capital Limited, commented: "The Indian architectural products industry is witnessing a gradual shift towards premium, design-oriented, and durable building solutions, driven by rapid urbanization, increasing infrastructure investments, and evolving consumer preferences." He noted that Jivial Industries is well-positioned to capitalize on long-term opportunities.
Company Profile and Financial Performance
Incorporated in 2021 and based in Rajkot, Gujarat, Jivial Industries manufactures aluminium railings, handrail systems, spigots, brackets, jointers, locks, bends, end caps, and other accessories. The company operates modern facilities and is expanding through backward integration into aluminium extrusion. It serves customers across India via a network of 35 distributors and holds three patented product designs.
For the fiscal year 2025, the company reported revenue from operations of ₹1,200.61 lakhs, EBITDA of ₹374.94 lakhs, and Profit After Tax of ₹297.15 lakhs. Return on Equity stood at 41.09%, and Return on Capital Employed at 47.12%. For the six months ended December 2025, revenue was ₹1,211.35 lakhs, EBITDA ₹376.47 lakhs, and PAT ₹294.77 lakhs, with ROE of 28.93% and ROCE of 33.14%.
Market Context and Disclaimer
The IPO comes amid growing demand for architectural products driven by urbanization and infrastructure development. However, the company notes that forward-looking statements involve risks including government actions, economic developments, and technological changes. The company undertakes no obligation to update these statements.
