Jivial Industries had a lackluster debut on the BSE SME platform as its shares opened 20% lower than the IPO price at Rs 156.80 per share. The stock further dropped by nearly 4% post-listing, reaching a decline of 22.83% from the IPO price, marking a disappointing market entry for the company.
The IPO subscription period saw a subdued investor response, with the public issue being subscribed 93% by the closing day. The IPO price was set at Rs 196 per equity share with a face value of Rs 10 each.
Established in 2021, Jivial Industries specializes in manufacturing aluminium railing systems and architectural hardware for residential and commercial construction projects. The company’s product range includes handrails, spigots, brackets, locks, and other fittings used in balconies, glass partitions, and façades.
Catering to construction firms, architects, and interior designers nationwide, Jivial Industries has a strong market presence in Gujarat, Maharashtra, and Chhattisgarh. Additionally, it exports a portion of its products to Oman.
In terms of financial performance, Jivial Industries reported revenue of Rs 12.2 crore and a net profit after tax of Rs 2.95 crore for the nine-month period ending December 2025. For the full financial year 2025, the company recorded revenue of Rs 12.07 crore and a net profit of Rs 2.97 crore, maintaining a relatively low debt level of Rs 1.23 crore.
