Jivial Industries IPO
ListedSME
0.93×
Subscribed
Price band
₹196 – ₹196
Issue size
₹31.99 Cr
Open – close
23 Jun 2026
to 25 Jun 2026
Listing
01 Jul 2026
Listing gain
-20.00%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed3 of 7 dimensions read
A mixed but reasonable offering — 2 positive against 1 negative signals
Strength68/100
- Undemanding valuation21.8× earnings at the upper band, with no peer set published to compare against
- Out-earns its peersReturn on net worth of 41.1% against a peer median of 18.5%
- Institutions stayed awayQIB portion only 0.00× subscribed — the most informed bidders did not fill their book
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens23 Jun 2026
- Closes25 Jun 2026
- Listing01 Jul 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB0.00x
Non-institutionalNII / HNI1.57x
Retail individualRII0.22x
330 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 25 Jun 2026.
Chance of allotment
Retail0.22× subscribed
Full allotment
The retail portion is under-subscribed at 0.22×, so every valid application should receive a full allotment.
HNI / NII1.57× subscribed
~1 in 1.6
HNI is 1.57× subscribed. This category is allotted proportionately, so a bid receives roughly 1/1.6 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹0+0.0%
over the upper band · last seen 07 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹196 – ₹196
Total issue size₹31.99 Cr
Fresh issue₹26.65 Cr
Offer for sale₹5.34 Cr
Listing atSME platform
Company & valuation
ROE28.93%
ROCE33.14%
RoNW28.93%
PAT Margin24.33%
EBITDA Margin31.08%
NAV35.24
ISININE0V3T01017
16.7% of this issue is an offer for sale. The rest is fresh capital that goes into the company itself.
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| NII (HNI) Shares Offered | 7,75,200 | 47.50% |
| Retail Shares Offered | 7,75,200 | 47.50% |
| Market Maker Shares Offered | 81,600 | 5.00% |
Total issue 16,32,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,35,2002 lots · 1,200 sh
Individual investors (IND) (Max)₹2,35,2002 lots · 1,200 sh
HNI (Min)₹3,52,8003 lots · 1,800 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
What the money is for
Stated use of the net proceeds
- 01Purchase of New Machineries₹14.4 Cr
- 02Capital Expenditure for renovation of Manufacturing Facility₹4 Cr
- 03To meet out the General Corporate Purposes₹3.99 Cr
- 04Issue Expenses₹4.25 Cr
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Jivial Industries Limitedthis issue | 8.98 | 21.83 | 26.33 | 41.09% |
| ANB Metal Cast Ltd | 20.15 | 24.86 | 83.09 | 32.44% |
| Euro Panel Products Ltd | 11.10 | 16.05 | 65.61 | 18.50% |
| Sudal Industries Ltd | -1.08 | — | 28.48 | 2.39% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumThe 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.
mediumThe 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.
mediumThe 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.
Positives the filing discloses (1)
Primarily fresh capital
83% of the offer is fresh issue, so most proceeds fund the company.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Green Asia Impexsame segment
1.0× sub+0.0%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Jivial Industries IPO GMP today?
The most recent grey-market premium recorded for Jivial Industries is ₹0 per share — about 0.0% over the ₹196 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Jivial Industries IPO subscribed?
Jivial Industries is subscribed 0.93× overall (QIB 0.00×, NII 1.57×, retail 0.22×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.