· SME · BSE
Price Band
₹196–196
Lot Size
600 shares
Issue Size
₹32 Cr
Min. Investment
₹1,17,600
Indicative, updates through the day
Cap price plus current GMP: ₹196 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Jivial Industries IPO is an SME issue that listed on BSE on 1 July 2026. The issue price band is fixed at ₹196–₹196 per equity share with a minimum market lot size of 600 shares, bringing the total issue size to ₹32 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,17,600.
No meaningful grey market premium is actively quoted for Jivial Industries IPO at this stage. For an SME issue at this point in the timeline, this is standard until anchor book allocations and institutional bids build volume. A missing premium is not negative sentiment; it reflects lower off-market liquidity. Read our complete guide to IPO GMP mechanics.
The minimum investment for retail investors is one lot of 600 shares (approx. ₹1,17,600 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Bigshare Services Pvt. Ltd., with the basis of allotment finalised on 29 June 2026 and listing completed on 1 July 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹196
Listed At
₹156.8
Current Price
₹161.7
Incorporated in 2021, Jivial Industries Limited manufactures finished aluminium railings and fixtures using unfinished extruded aluminium railings and unfinished aluminium castings. The company designs and manufactures aluminium railing systems used for glass partitions, balconies, viewing windows, and building façades. Its product portfolio includes continuous profiles, handrails, spigots, conceals, bends, brackets, jointers, locks, and endcaps. The company serves construction companies, architects, interior designers, glass providers, and fabricators across India. The company has established a customer base across India, with a strong presence in Gujarat, Maharashtra, and Chhattisgarh, which together contribute a significant portion of its revenue. In addition, the company has sales in Rajasthan and Delhi, while also serving customers across several other states, including Andhra Pradesh, Assam, Goa, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Mizoram, Telangana, Tamil Nadu, Uttar Pradesh, West Bengal, Jammu & Kashmir, Odisha, Punjab, and Meghalaya. The company also derives a small portion of its revenue from exports to Oman. The manufacturing facility is located in Rajkot, Gujarat, and the company is expanding its operations through a second manufacturing unit to increase railing production capacity and support backward integration through aluminium extrusion. As of August 31, 2025, the company had 18 full-time permanent employees.
| Category | Shares Offered | % |
|---|---|---|
| NII (HNI) | 7,75,200 | 50% |
| Retail | 7,75,200 | 50% |
| Market Maker | 81,600 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | ₹2,35,200 |
| Individual investors (IND) (Max) | 2 | 1200 | ₹2,35,200 |
| HNI (Min) | 3 | 1800 | ₹3,52,800 |
EPS (Pre IPO)
8.98
EPS (Post IPO)
8.42
ROE
28.93%
P/E (Pre IPO)
21.83
P/E (Post IPO)
23.29
Price / Book
Market Cap
₹65Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Msafe Equipments Ltd. | 15.12 | ₹66.42 Cr | |
| Kanishk Aluminium India Ltd. | 22.66 | ₹29.20 Cr |
Jivial Industries Ltd. Address
Bigshare Services Pvt. Ltd.