Jivial Industries Ltd.
PROSPECTUS · filed 23 Jun 2026
Jivial Industries Ltd. manufactures finished aluminium railings and is dependent on external suppliers for raw materials and unfinished components. The offer comprises a fresh issue of Rs 26.65 crore and an offer for sale of Rs 5.34 crore, representing 16.69% of the post-issue paid-up capital. The company has experienced negative cash flow in the past and faces high-severity risks regarding supply chain volatility, customer concentration, and the inability to pass on raw material cost increases. Additionally, a significant portion of revenue is derived from Gujarat, Maharashtra, and Chattisgarh, exposing the business to regional economic and regulatory risks.
Partial analysis — some sections could not be read from the document (found: capitalisation, cover, litigation, objects, price_basis, promoters, related_party, risks).
What stands out
Risk factor. 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.
Risk factor. The Company has not entered into any agreement or contract with its customers and works on a purchase order basis. The inability to maintain relationships with customers could have an adverse effect on business, prospects, results of operations and financial condition.
Risk factor. The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on business, prospects, financial condition, cash flows and results of operations.
Primarily fresh capital. 83% of the offer is fresh issue, so most proceeds fund the company.
How the offer is structured
Fresh issue
₹26.6 Cr
New capital into the company
Offer for sale
₹5.3 Cr
Goes to selling shareholders
OFS share
17%
- Purchase of New Machineries₹14.4 Cr
- Capital Expenditure for renovation of Manufacturing Facility₹4.0 Cr
- To meet out the General Corporate Purposes₹4.0 Cr
- Issue Expenses₹4.3 Cr
Risks the company discloses
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.(Supply Chain)
The Company has not entered into any agreement or contract with its customers and works on a purchase order basis. The inability to maintain relationships with customers could have an adverse effect on business, prospects, results of operations and financial condition.(Customer Concentration)
The Company generates a substantial portion of its revenue from Gujarat, Maharashtra and Chattisgarh. Any adverse developments affecting operations in these states could have an adverse impact on revenues and results of operations.(Geographic Concentration)
The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on business, prospects, financial condition, cash flows and results of operations.(Financial)
The Company's product, finished Aluminium Railings, contributes significantly to revenues from operations. Any loss of business from such product may adversely affect revenues and profitability.(Product Concentration)
The Company's cost of material consumed was 55.73%, 60.14%, 64.95% and 68.60% of revenues from operations for the Stub Period December 31, 2025, FY 2025, FY 2024 and FY 2023, respectively. If the Company is unable to maintain this cost or if there is an increase in prices of raw materials which cannot be passed on to customers, margins, cash flows and profitability may be adversely affected.(Cost Management)
The Company's top ten customers contribute to a substantial portion of revenues, with contributions of 63.74%, 45.95%, 43.28% and 35.32% for the Stub Period ending December 31, 2025 and Financial Years 2025, 2024 and 2023 respectively. There is no commitment from customers to continue sourcing requirements from the Company.(Customer Concentration)
The Company's revenue concentration in Gujarat, Maharashtra and Chattisgarh states increases risks arising out of changes in buying patterns, economic conditions, regulatory frameworks, culture, political issues, local taxes and regional unrests.(Geographic Concentration)
No dimension score is published for this filing. Too few sections could be read from the document to score it without guessing, and a score built on two fields would say more about our extraction than about the company.