Jivial Industries IPO Day 3: Subscription Closes Today as HNI Interest Holds Firm While Retail Response Remains Muted

Mumbai, June 25: The subscription window for Jivial Industries IPO enters its final day on Thursday, giving investors one last opportunity to bid for the ₹31.99 crore fixed-price SME public issue. While non-institutional investors have continued to show interest, retail participation has remained relatively modest during the first two days of bidding.

According to the latest exchange data available at 10:34 AM, the IPO was subscribed 0.36 times overall. The Non-Institutional Investor (NII) category was booked 0.60 times, whereas the Retail Individual Investor (RII) portion received bids worth 0.12 times. Since this is the final day of the issue, market participants will be closely tracking whether subscriptions gather momentum during the remaining trading hours, a trend that is often seen in SME public issues.

Jivial Industries plans to raise ₹31.99 crore through a combination of a fresh issue of 12.78 lakh equity shares worth ₹25.05 crore and an offer for sale of 2.72 lakh shares worth ₹5.34 crore. The company has fixed the IPO price at ₹196 per equity share, and the stock is proposed to be listed on the BSE SME platform.

Jivial Industries IPO Day 3 Subscription Status

As of 10:34 AM on June 25, the IPO had attracted bids for 5,56,800 shares against the 15,50,400 shares available for public subscription.

Category-wise subscription stood at:

• Overall: 0.36x

• NII: 0.60x

• Retail: 0.12x

The issue had received 223 applications at the time of the latest update.

Although the overall subscription remains below one time, SME IPOs frequently witness a surge in bidding during the final hours as investors wait until the closing day before submitting applications.

Issue Details

Jivial Industries IPO comprises a total issue of 16.32 lakh equity shares.

The issue structure includes:

• Fresh Issue: 12.78 lakh equity shares aggregating ₹25.05 crore
• Offer for Sale: 2.72 lakh equity shares aggregating ₹5.34 crore

Out of the total issue, 81,600 shares have been reserved for the market maker, while 15.50 lakh shares are available for public investors.

Price And Lot Size

The IPO is being offered at a fixed price of ₹196 per share.

The minimum application size for retail investors is 1,200 shares, requiring an investment of ₹2,35,200.

For HNI investors, the minimum application is 1,800 shares, translating into an investment of ₹3,52,800.

Reservation Breakdown

The public issue has been divided equally between the two investor categories:

• Retail Investors: 7,75,200 shares (50%)
• Non-Institutional Investors (NII): 7,75,200 shares (50%)

Additionally, 81,600 shares have been allocated to the market maker.

Important Dates

• IPO Opens: June 23, 2026
• IPO Closes: June 25, 2026
• Tentative Allotment: June 29, 2026
• Refund Initiation: June 30, 2026
• Credit of Shares: June 30, 2026
• Tentative Listing: July 1, 2026

About Jivial Industries Ltd.

Established in 2021, Jivial Industries Ltd. manufactures aluminium railing systems and architectural hardware used in residential and commercial construction projects. Its product portfolio includes railings, handrails, glass fittings, brackets, locks, connectors, bends and other aluminium components used for balconies, partitions and building facades.

The company supplies products to builders, architects, fabricators and interior solution providers across several Indian states, with a significant presence in western and northern India. It also exports a small portion of its production to overseas markets, including Oman.

Conclusion

With the subscription window closing today, investors will be watching whether last-minute bids improve the overall response. At present, HNI participation is ahead of retail demand, while the issue is yet to achieve full subscription. The final subscription figures released after market hours will provide a clearer picture of investor interest ahead of the allotment process and the proposed BSE SME listing.

Source:

• https://www.jivialrailings.com/assets/Invester-realtion-file/Prospect/Prospectus.pdf