Jivial Industries, an aluminium railing manufacturer, has opened its Initial Public Offering (IPO) today, with the issue set to close on June 25. Priced at Rs 196 per share, the IPO includes a fresh issue of Rs 26.65 crore and an offer for sale of Rs 5.34 crore, totaling Rs 31.99 crore.
Retail investors have the opportunity to subscribe to a minimum of 1,200 shares, requiring an investment of Rs 2.35 lakh. The shares are scheduled to list on July 1. Jivial Industries, incorporated in 2021, specializes in manufacturing aluminium railing systems and architectural fixtures for both residential and commercial buildings.
The company operates a manufacturing facility in Rajkot and plans to use the IPO proceeds to purchase new machinery, renovate its facility, and cover issue-related expenses. Jivial Industries reported a revenue of Rs 12.2 crore and a profit after tax of Rs 2.95 crore for the nine months ended December 2025.
Despite the current grey market premium (GMP) being at zero, indicating no expected listing gains, investors might focus on the company's long-term growth potential. The company aims to expand its production capacity and strengthen backward integration through aluminium extrusion.
Jivial Industries caters to construction firms, architects, and interior designers across India, with a strong presence in Gujarat, Maharashtra, and Chhattisgarh. It also exports a small portion of its products to Oman.
Background
Jivial Industries' IPO comes at a time when the market is closely watching new listings for potential growth opportunities. The company's focus on expanding its manufacturing capabilities aligns with the broader industry trend of scaling operations to meet increasing demand.
As the IPO progresses, investors should monitor Jivial Industries' execution of its expansion plans and its impact on the company's financial performance.
