Jivial Industries IPO GMP Day 3 Final: Fixed Price Rs 196, Nil GMP — Aluminium Railing Manufacturer Closes Subscription Today
- June 25, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Jivial Industries IPO Day 3 final: fixed price Rs 196. GMP Rs 0. Issue Rs 31.98 Cr. BSE SME. Closes today. Lot 600 shares. Min 1,200 = Rs 2,35,200. FY25 PAT Rs 2.97 Cr. Rajkot, Gujarat. Exports.
Today is the final day of subscription for the Jivial Industries IPO, which is a fixed-price BSE SME offering at Rs 196 per share. The Jivial Industries IPO GMP has remained effectively nil throughout the subscription period, with little to no grey market activity reported for this issue. The Jivial Industries IPO raises approximately Rs 31.98 crore through a combination of a fresh issue of approximately 14 lakh shares and an offer-for-sale of approximately 3 lakh shares by existing shareholders. The lot size is 600 shares, with the minimum retail application requiring 1,200 shares (2 lots) at Rs 2,35,200 , a significant commitment for a small BSE SME company with 18-19 permanent employees. Kunal Singla, Associate Director at Univest notes that the Jivial Industries IPO GMP being nil on Day 3 indicates the grey market is not pricing in listing gains, though the company’s financial profile shows strong profit margins and low debt that may appeal to medium-term investors.
The Jivial Industries IPO is notable among this week’s BSE SME IPOs for its product differentiation strategy. Unlike generic metal fabricators, the company holds three design patents for its aluminium spigot products, which are components used in glass railings and balustrade systems. The company manufactures more than 50 types of aluminium railings, stainless steel glass railings, and partition systems used by builders, architects, and contractors. The Jivial Industries IPO also has an international dimension: the company exports to over 20 countries including UAE, Saudi Arabia, the UK, the US, and Australia, as well as Oman. While revenues are still small (Rs 12.07 crore in FY25), the 9M FY26 performance of Rs 12.20 crore revenue and Rs 2.95 crore PAT in just nine months suggests the company is tracking for its strongest annual performance in the current year.
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Jivial Industries IPO Key Details
| Parameter | Details |
|---|---|
| Jivial Industries IPO Issue Price | Rs 196 per share (fixed price) |
| Issue Size | Rs 31.98 crore (fresh issue + OFS) |
| Jivial Industries IPO GMP Today | Rs 0 (nil) |
| Lot Size | 600 shares (min retail: 1,200 shares at Rs 2,35,200) |
| Jivial Industries IPO Close Date | Today (final day) |
| Allotment Date | recently |
| Listing Exchange | BSE SME |
| Listing Date (tentative) | recently |
| Lead Manager | Corporate Makers Capital Ltd |
| Registrar | Bigshare Services Pvt Ltd |
| Products | 50+ aluminium railing types, SS glass railings, partition systems |
| Export Markets | UAE, Saudi Arabia, UK, US, Australia, Oman, 20+ countries |
About Jivial Industries: Aluminium Railing Products, Rajkot
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Jivial Industries Limited was incorporated in 2021 and is based in Rajkot, Gujarat. The company converts unfinished extruded aluminium and aluminium castings into value-added finished products through cutting, drilling, buff polishing, anodising, and powder coating processes. Its product catalogue includes aluminium handrails, continuous profiles, spigots, conceals, bends, brackets, jointers, locks, and end caps, alongside stainless-steel glass-railing components. The Jivial Industries IPO gives investors access to India’s growing architectural hardware and building-finishing segment, which benefits from sustained residential and commercial construction activity. The company’s key customers include construction companies, architects, interior designers, glass providers, and fabricators across India, with major markets in Gujarat, Maharashtra, and Chhattisgarh. IPO proceeds from the fresh issue are earmarked for purchasing new machinery (approximately Rs 14.40 crore) and capital expenditure for manufacturing facility renovation (approximately Rs 4 crore), with the remainder for general corporate purposes.
Conclusion: Jivial Industries IPO GMP Day 3
The Jivial Industries IPO closes today at a fixed price of Rs 196. The GMP is nil throughout the subscription period. The company offers a differentiated aluminium railing and architectural hardware product profile with export presence, three design patents, and improving financials , but it is a small company (18-19 employees, Rs 12 crore annual revenue base) with SME listing liquidity constraints. Allotment is expected recently and listing recently on BSE SME. Consult a SEBI-registered financial advisor before applying. Track Jivial Industries IPO on Univest.
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Disclaimer: IPO GMP data is sourced from unofficial grey market sources and is not regulated by SEBI. GMP does not guarantee listing gains. All IPO details sourced from official SEBI filings, BSE/NSE. Investments in IPOs are subject to market risk. This article is for educational purposes only and does not constitute investment advice from Univest (SEBI RA INH000013776). Read all IPO documents carefully before investing. Consult a SEBI-registered financial advisor.
Frequently Asked Questions
What is Jivial Industries IPO GMP today?
Ans. The Jivial Industries IPO GMP is nil (Rs 0) today, Day 3 and the final day of subscription. The grey market has not assigned a premium to the Jivial Industries IPO throughout the subscription period.
What is the Jivial Industries IPO price?
Ans. The Jivial Industries IPO is a fixed-price issue at Rs 196 per share (not a book-built issue). The lot size is 600 shares, and the minimum retail application is 2 lots (1,200 shares) at Rs 2,35,200. For HNI investors, the minimum is 3 lots (1,800 shares) at Rs 3,52,800.
What does Jivial Industries make?
Ans. Jivial Industries Limited manufactures finished aluminium railing products and accessories from its Rajkot, Gujarat facility. Products include aluminium handrails, spigots, continuous profiles, bends, brackets, and stainless-steel glass railing systems used in balconies, staircases, glass partitions, and building facades. The company holds 3 design patents for aluminium spigot products.
Where does Jivial Industries export?
Ans. Jivial Industries exports to over 20 countries including UAE, Saudi Arabia, the United Kingdom, the United States, Australia, and Oman. The company has international clients across the Middle East, Europe, and North America in addition to its domestic B2B clients.
What are Jivial Industries financials?
Ans. FY25 total income was Rs 12.07 crore (up from Rs 8.40 Cr in FY23), with PAT of Rs 2.97 crore (up from Rs 1.17 Cr in FY23). The nine months ended recently25 showed Rs 12.20 crore revenue and Rs 2.95 crore PAT, tracking toward a strong full-year performance. The company has low debt and high return ratios for its size.
When is Jivial Industries IPO listing date?
Ans. The Jivial Industries IPO is expected to list on BSE SME tentatively on recently. The subscription closes today. Allotment is expected on recently.
What are the risks of Jivial Industries IPO?
Ans. Key risks include very small company size (18-19 employees, under Rs 15 crore annual revenue), single-plant dependence in Rajkot, high minimum application of Rs 2,35,200 for retail investors, SME listing liquidity risk (thin trading volumes post-listing), and the fact that export revenues add foreign exchange risk alongside the potential upside from international demand.
Is Jivial Industries IPO GMP indicative of listing performance?
Ans. A nil GMP for the Jivial Industries IPO does not guarantee a flat listing. Some SME IPOs with nil or low GMP have delivered positive listing returns when fundamentals are strong and subscription data is decent. However, a nil GMP across all three subscription days, combined with a high fixed price of Rs 196, means the grey market is not pricing in listing gains. Always check final Day 3 subscription data before drawing conclusions about expected listing performance.
