Jivial Industries Limited
Jivial Industries Limited is a Rajkot-based SME manufacturer of finished aluminium railings and fixtures, serving builders, architects, and contractors across India and over 20 international markets. The company is listing on BSE SME with a fixed-price IPO opening June 23, 2026.
Overview
About the Company
Incorporated in 2021 and headquartered in Rajkot, Gujarat, Jivial Industries Limited produces finished aluminium railings and fixtures used in glass installations for partitions, balconies, viewing windows, and building facades. The company converts unfinished extruded aluminium railings and aluminium castings into over 50 customised product variants, including continuous profiles, handrails, spigots, brackets, jointers, locks, bends, conceals, and end caps. Manufacturing processes include cutting, drilling, anodising, buff polishing, and powder coating. It primarily caters to construction companies, builders, architects, interior designers, glass providers, and fabricators in key Indian real estate markets such as Rajasthan, Mumbai, and Gujarat, while also exporting to more than 20 countries including the UAE, Saudi Arabia, the UK, the USA, and Australia. The company holds three patents for unique spigot designs and has ISO 9001:2015 and ISO 14001:2015 certifications. As of May 31, 2026, it employs 19 full-time permanent staff.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Procurement of new machinery to expand manufacturing capacity.
- › Capital expenditure towards renovation and upgradation of the existing manufacturing facility.
- › Funding general corporate purposes.
- › Meeting issue-related expenses.
✅ Strengths
- ✓ The company manufactures customised aluminium railings and fixtures tailored to individual customer specifications for glass installation projects.
- ✓ It offers a broad and diversified product portfolio that spans continuous profiles, handrails, and a variety of supporting aluminium fixtures.
- ✓ Three patents have been secured for distinctive spigot designs developed by the company's promoter, providing a degree of intellectual property protection.
- ✓ The customer base extends across India, covering construction companies, architects, interior designers, and fabricators, as well as exports to over 20 international markets.
- ✓ The manufacturing facility operates under ISO 9001:2015 and ISO 14001:2015 certifications, reflecting quality and environmental management standards.
- ✓ The company has demonstrated consistent growth in both revenue and profitability over the reported financial periods.
⚠️ Risks
- ! Dependence on external suppliers for key raw materials means that volatility in aluminium prices could adversely affect profit margins.
- ! A significant portion of revenue is derived from aluminium railings, creating concentration risk within a single product category.
- ! The business operates primarily on a purchase-order basis without long-term contracts with customers, leading to revenue uncertainty.
- ! Revenue is concentrated among a limited number of buyers, with the top 10 customers accounting for a substantial share of total sales.
- ! The company faces strong competition from both organised manufacturers and unorganised players in the aluminium railing segment, which could pressure pricing and margins.
- ! The high EBITDA and PAT margins may not be sustainable given the highly competitive and fragmented nature of the market.