Jivial Industries IPO
Jivial Industries LtdSME
This IPO has listed.
- Open date
- 23 Jun 2026
- Close date
- 25 Jun 2026
- Min. Investment
- ₹2,35,200
- Lot Size
- -
- Fresh Issue
- ₹26.65 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors1.52x
- Retail-Individual Investors0.22x
- Total0.93x
Schedule
- Completed: IPO open date23 Jun 2026
- Completed: IPO close date25 Jun 2026
- Completed: Allotment date29 Jun 2026
- Completed: Funds unblock or debit30 Jun 2026
- Completed: Tentative listing date1 Jul 2026
About
Promoter shareholding in Jivial Industries Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Anand Jitendrabhai Chovatiya | 15,84,000 | 47.85% | 14,47,800 | 31.00% |
| Sheetalben Anand Chovatiya | 14,24,000 | 43.02% | 12,87,800 | 27.58% |
| Jitendra Lavjibhai Chovatiya | 60,400 | 1.82% | 60,400 | 1.29% |
| Sangitaben Jitendrabhai Chovat | 60,400 | 1.82% | 60,400 | 1.29% |
Jivial Industries IPO Strengths & Risks
- Strong brand reputation.
- Strong financials.
- Strong customer base.
- Experienced management.
- Risks Relating to the Business: The Company is dependent on external suppliers for its major raw materials, unfinished extruded aluminium railings and unfinished aluminium castings. The pricing of aluminium can be volatile and could adversely impact financial condition.
- Risks Relating to the Business: The company has not entered into any agreement or contract with its customers. The company work on purchase order basis with them. Its inability to maintain relationships with the company customers could has an adverse effect on its business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company generate a substantial portion of its revenue from Gujarat, Maharashtra and Chattisgarh, states of the company country. Any adverse developments affecting its operations in these states could has an adverse impact on the company revenues and results of operations.
- Risks Relating to the Business: The company has experienced negative cash flow in the past and may continue to does so in the future, which could has a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company product finished Aluminium Railings contributes significantly to its revenues from operation. Any loss of business from such product may adversely affect the company revenues and profitability.
- Risks Relating to the Business: The Company does not has any logo in its name, the company has acquired one logo by one of the promoters of the company through assignment deed any failures to get it renewal of such assignment deed may adversely affect its business.
- Risks Relating to the Business: As on December 31, 2025, the company is utilising almost 66.75% of its manufacturing capacities in certain processes which could limit the company growth and could has an adverse effect on its business, future prospects and future financial performance.
- Risks Relating to the Business: The company Promoters and Directors has extended mortgage over their properties along with personal guarantees with respect to various loan facilities availed by its Company. Revocation of any or all of these personal guarantees may adversely affect the company business operations and financial condition.
- Risks Relating to the Business: There is certain outstanding legal proceeding involving the company Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
- Risks Relating to the Business: Any disruption in production at, or shutdown of, the company sole functional manufacturing facility could adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The Company's business activities is labour intensive and depends on availability of skilled and unskilled labourers. In case of unavailability of such labourers and / or inability to retain such personnel, strikes, work stoppages or increased wages demands by its labours, employees or any other kind of disputes with the company labour and employees could adversely affect its business and results of operations.
- Risks Relating to the Business: There has been certain instances of non-compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent.
- Risks Relating to the Business: The company could be harmed by employee misconduct or errors that is difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
- Risks Relating to the Business: The company customers could delay taking supply after placing order, modify their order, cancel their order or not pay in full or part for their order, which may has an adverse effect on its business, financial condition and results of operations.
- Risks Relating to the Business: The company does not own the premises in which its Registered Office-cum-Manufacturing facility-Unit-I and Proposed Manufacturing Facility-Unit-II are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect the company operations.
- Risks Relating to the Business: The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors is not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
- Risks Relating to the Business: Change in Statutory Auditors.
- Risks Relating to the Business: The Company is dependent on third party transportation providers for the delivery of raw materials and finished products.
- Risks Relating to the Business: The company inability to collect receivables and default in payment from its customers could result in the reduction of the company profits and affect its cash flows.
- Risks Relating to the Business: Changing laws, rules and regulations and legal uncertainties, including adverse application of corporate and tax laws, may adversely affect the company business, results of operations, financial condition, and prospectus.
- Risks Relating to the Business: The company inability to accurately forecast demand for its products and manage the company inventory may has an adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: Changes in industry requirements and technology may render the company current technologies obsolete or requires its to make substantial capital investments for upgradation of the machinery.
- Risks Relating to the Business: Any future unusual or infrequent events or transactions may adversely affect the company financial performance.
- Risks Relating to the Business: The company insurance coverage may not adequately protect its against all material hazards, which may adversely affect the company business, results of operations and financial condition.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company Promoters could be lower than the Issue price.
- Risks Relating to the Business: The company financing agreements contain covenants that limit its flexibility in operating the company business. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company business, results of operations and financial condition.
- Risks Relating to the Business: Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
- Risks Relating to the Business: The company is subject to quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect the company reputation, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: If the company is subject to any fraud, theft, or embezzlement by its employees or job workers, it could adversely affect the company reputation, results of operations and financial condition. Its could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect the company financial condition, results of operations and reputation.
- Risks Relating to the Business: The company faces competition in its business from organized and unorganized players, which may adversely affect the company business operations and financial condition.
- Risks Relating to the Business: Stringent environmental, health and safety laws and regulations or stringent enforcement of existing environmental, health and safety laws and regulations may result in increased liabilities and increased capital expenditures.
- Risks Relating to the Business: The company inability to effectively manage its growth or to successfully implement the company business plan and growth strategies could has an adverse effect on the company business, results of operations and financial condition.
- Risks Relating to the Business: Any failures or significant weakness of the company internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
- Risks Relating to the Business: The determination of the Issue Price is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- Risks Relating to the Business: Any inability to address changing industry standards and consumer trends may adversely affect the company business, results of operations and financial condition.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to does so in the future.
- Risks Relating to the Business: The company funding requirements and the proposed deployment of Net Proceeds is not appraised by any independent agency, which may affect the company business and results of operations.
- Risks Relating to the Business: There may be potential conflicts of interest if its Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as the company business operations.
- Risks Relating to the Business: The company success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- Risks Relating to the Business: In addition to normal remuneration or benefits and reimbursement of expenses, some of the company directors and key managerial personnel are interested to the extent of their shareholding and dividend entitlement, if any in its Company.
- Risks Relating to the Business: The company may not be successful in implementing its business strategies.
- Risks Relating to the Business: None of the company Directors and KMPs possess experience of being on the board of any listed company.
- Risks Relating to the Business: The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- Risks Relating to the Business: The requirements of being a public listed company may strain the company resources and impose additional requirements.
- Risks Relating to the Business: The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company financing arrangements.
- Risks Relating to the Business: Certain key performance indicators for certain listed industry peers included in this Prospectus has been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Risks Relating to the Business: This Prospectus contains information from an industry report which was prepared by CARE Edge Analytics & Advisory ("CARE Edge") pursuant to an engagement with the Company.
- Risks Relating to the Business: Information relating to the company production capacities and the capacity utilization of its Manufacturing Facility included in this Prospectus is based on factual data and proposed capacity is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
- Risks Relating to the Business: The Company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
