-- / --
Jivial Industries IPO Details
RHP/DRHPIssue Date
--
Investment/lot
--
Price Range
--
Lot Size
--
IPO Size
N/A
Schedule of Jivial Industries IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Jivial Industries IPO
The offer consists of a fresh issue component. The fresh issue will include up to 13,69,200 equity shares aggregating to ₹13.01 crores. The total number of shares and aggregate amount are yet to be finalised. The price band of the IPO is TBA. The lot size is TBA.
The IPO opening date is TBA. The closing date is TBA. The listing date is TBA. The allotment date is TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA.
Objectives of Jivial Industries IPO
- To meet capital expenditure.
- To meet incremental working capital requirements.
- General corporate purpose.
Jivial Industries IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | Up to 13,69,200 Equity Shares aggregating to ₹13.01 crores |
Offer for Sale | - |
EPS (in ₹) for FY24 | 10.23 |
Industry Outlook
The global railing market size was estimated at USD 5,100 crore in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. The growth of the market is anticipated to be driven by increasing government investments in residential and non-residential construction. Moreover, the migration of people from rural to urban areas for better growth opportunities is expected to increase the demand for modern railings, thus positively influencing demand. With rapid urbanisation and modernisation, people are shifting from rural to urban areas, creating better growth opportunities for the market. In addition, government investments in residential and infrastructural construction are further expected to increase demand for the railing industry globally.
The global aluminium railing market is estimated to be valued at US$ 97.09 crore in 2023 and is projected to reach US$ 1,17 crore by 2030, growing at a CAGR of 2.7% from 2023 to 2030. The growth of the aluminium railing market is being driven by increasing demand for aluminium railings in residential, commercial, and industrial applications. Aluminium railings are lightweight, durable, and corrosion-resistant, making them a popular choice for a variety of applications. Additionally, the rising demand for sustainable materials is driving the growth of the aluminium railing market. The residential segment is expected to be the largest market for aluminium railings during the forecast period, due to increasing demand in new construction and renovation projects. The commercial segment is also expected to grow at a significant rate during the forecast period, owing to rising demand for aluminium railings in office buildings, hotels, and hospitals.
India’s balustrades and handrails market is expected to grow at a CAGR of around 7.3% during the forecast period 2020–2026. Increasing demand from India’s construction sector, coupled with rapid industrialisation, will propel the growth of this market over the forecast period. Furthermore, rising disposable income among middle-class households, leading them to revamp their homes, also drives market growth. Factors such as a growing population along with increased per capita GDP, resulting in higher spending on infrastructure development, will have a positive impact on the balustrades and handrails industry in India.
Company Information
Jivial Industries Limited manufactures and supplies aluminium extrusion products including aluminium railing and stainless steel glass railing products in India. They specialise in manufacturing high-quality aluminium railings and stainless steel glass railing products in various colours according to customer requirements. Their customers include wholesalers, architects, interior designers, builders, glass providers and fabricators. They supply aluminium railing materials across India. With a focus on innovation and quality, their products are crafted to meet the unique preferences and requirements of their diverse customer base.
The company offers a diverse range of products, including aluminium profiles, aluminium continuous profiles, aluminium handrails, aluminium spigots, aluminium conceal, aluminium bends, aluminium brackets, jointer aluminium locks, and aluminium end caps, and is also involved in trading stainless steel welded pipes, stainless steel parts, and 38 mm and 50 mm point fittings.
Strengths of Jivial Industries IPO
Innovative design
Offer aesthetically pleasing designs that cater to different architectural styles and customer preferences.
Customisation options
Flexibility in offering customised solutions to meet the specific requirements of clients, including size, colour, and style variations.
Manufacturing efficiency
Efficiency in manufacturing processes, including cost-effective production methods, minimising waste and optimising supply chain management.
Risks of Jivial Industries IPO
- Dependence on a few states:
Their domestic sales are dependent on the top five states, including Gujarat, Chhattisgarh, Maharashtra, Rajasthan, and Delhi. They generate almost 79.01%, 78.02%, and 73.91% of the total sales revenue as of 31st March 2024, 2023, and 2022, respectively, from these five states. Their domestic sales depend on these states, and if, in the future, they are unable to sell their products there, their revenue will be significantly impacted.
- Dependence on their manufacturing facility:
Their manufacturing plant is subject to operating risks, such as the breakdown or failure of equipment, power supply, or processes; performance below expected levels of output or efficiency; obsolescence; labour disputes; strikes; lock-outs; earthquakes and other natural disasters; industrial accidents; and the need to comply with the directives of relevant government authorities. Although they take precautions to minimise the risk of any significant operational problems at their facility, their business, financial condition, and results of operations may be adversely affected by any disruption of operations, including due to any of the factors mentioned above.
- Dependence on third-party transportation providers:
They are dependent on third-party transportation for procuring raw materials for manufacturing, as well as for the purchase and sale of finished products and materials. As manufacturing is their main activity, their success depends on the smooth supply and transportation of raw materials from their suppliers and the transportation of their finished products to their buyers/clients, both of which are subject to various uncertainties and risks. In addition, materials may be lost or damaged in transit for various reasons, including accidents or natural disasters. There may also be delays in delivery, which could negatively affect their business and results of operations. A failure to maintain a continuous supply of materials to them, as well as to their clients, in an efficient and reliable manner could have a material and adverse effect on their business, financial condition, and results of operations.
Jivial Industries Financials
Anchor Investor Bidding Date: TBA
Registrar: Bigshare Services Private Limited
Book Running Lead Managers: Swastika Investmart Limited
Business Model
The company earns its revenue through the following: Manufacturing and suppling aluminium extrusion products including aluminium railing and stainless steel glass railing products in India. They specialise in manufacturing high-quality aluminium railings and stainless steel glass railing products in various colours according to customer requirements.
Company Growth Trajectory
During FY 2023-24, the company's revenue from operations and other income increased to ₹11.06 crore, from ₹8.40 crore recorded in FY 2022-23. The restated profit after tax for FY 2023-24 increased significantly to ₹2.42 crore, compared to ₹1.17 crore in FY 2022-23. This was mainly due to increased sales volume and higher closing stock during the fiscal year.
Jivial Industries Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 11.05 | 8.39 | 2.80 |
Profit Before Tax (in ₹ crores) | 2.94 | 1.41 | 0.43 |
Profit After Tax (in ₹ crores) | 2.42 | 1.16 | 0.35 |
EPS (Basic) ₹ | 10.23 | 7.73 | 2.36 |
EBITDA (in ₹ crores) | 3.08 | 1.42 | 0.43 |
Jivial Industries Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 2.94 | 1.41 | 0.43 |
Net Cash from Operating Activities (₹ crores) | -0.24 | 0.16 | -0.10 |
Net Cash from Investing Activities (₹ crores) | -1.12 | -0.10 | 0.00 |
Net Cash from Financing Activities (₹ crores) | 2.03 | 0.025 | 0.16 |
Net Cash & Cash Equivalents (₹ crores) | 0.82 | 0.15 | 0.06 |
How to check allotment status of Jivial Industries IPO?
Visit the Registrar's Website
To check the IPO allotment status for Jivial Industries Limited IPO, visit the official website of Bigshare Services Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps
- Select 'Equity' from the dropdown menu
- Choose 'Jivial Industries Limited' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search' Your Jivial Industries Limited IPO allotment status will be displayed.
Verify on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Jivial Industries Limited IPO allotment status.
Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:
- Application number
- PAN Then click 'Submit'. Your Jivial Industries Limited IPO bid and allotment details will be displayed.
How to apply for Jivial Industries IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Jivial Industries IPO FAQs
Where can I read more about Jivial Industries business?
You can read more about Jivial Industries and its IPO from the company’s red herring prospectus (RHP) here.
What is the Jivial Industries IPO?
Jivial Industries Limited's IPO consists of a fresh issue up to 13,69,200 equity shares aggregating to ₹13.01 crores. The total offer size is ₹13.01 crores.
Is Jivial Industries IPO coming?
Yes, Jivial Industries Limited is expected to come up with its IPO soon.
Who is the Chairman of Jivial Industries IPO?
Mr. Anand Jitendrabhai Chovatiya is the Chairman of Jivial Industries Limited.
What is the lot size of shares of Jivial Industries IPO?
The company hasn’t given any information on the lot size yet.
