Jivial Industries IPO

Incorporated in 2021, Jivial Industries manufactures finished aluminium railings and fixtures by converting unfinished extruded aluminium railings and unfinished aluminium castings in accordance with customers’ specifications. The company makes two types of railings namely: Continuous profiles and Handrails & multiple aluminium fixtures that support these railings, including spigots, conceals, bends, brackets, joiners, locks, and endcaps.

The company has a single operating and manufacturing unit, its registered office-cum-manufacturing facility (Unit-I), is situated in Rajkot, Gujarat and spans an area of approximately 6,500 square feet; presently all of its products are made at this unit. The second proposed facility, Unit-II, is coming up at Samadhiya, Rajkot, where Jivial intends to add to its capacity, engage in back-end integration and also produce new products. The company also holds three patents for a unique Spigot product design.

Around 72% of the total revenue for FY25 was derived from Gujarat, Maharashtra, and Chhattisgarh. In 9MFY26, Gujarat contributed 57.60% to revenue, followed by Chhattisgarh at 11.63% and Maharashtra at 9.74%. The company sources its raw materials from Gujarat-based organised manufacturers. In terms of product categories, aluminium railings generated 81.60% of revenue in 9MFY26, increasing from 78.20% of revenue in FY25 and 59.83% in FY23, while revenue from aluminium fixtures have declined over the last 3 fiscal years.

Total installed capacity for finished aluminium railings stood at 193,000 running feet as of March 31, 2026, up from 180,000 running feet in FY23, and utilisation was at 66.75% for the same in 9MFY26 compared to 56% and 81% for FY23 and FY25, respectively. The capacity for aluminium fixtures was flat at 242,000 pieces, with utilisation increasing from 48% in FY23 to 70% in FY25. The company has also commissioned a new GFRP rebars line with an installed capacity of 420 MT, used at 14.70% for 9MFY26. In the long term, the company proposes to expand the installed capacity of existing products from 193,000 running feet to 1,580,000 running feet and from 242,000 pieces for fixtures to 1,985,000 pieces. The company operates on several B2B platforms like Indiamart and Alibaba and has a presence across YouTube, Instagram, Facebook, and LinkedIn to increase visibility and generate leads.