Jerai Fitness IPO Details
Jerai Fitness Limited filed its draft red herring prospectus with SEBI on 29 Sep 2025 and Sebi Approval received on 31 Dec 2025. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- SEBI Approved
- DRHP filed
- 29 Sep 2025
- SEBI Approval
- 31 Dec 2025
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Jerai Fitness IPO status
Jerai Fitness Limited filed its draft red herring prospectus (DRHP) with SEBI on and SEBI Approval received on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 29 Sep 2025 |
|---|---|
| Days since filing | 400 |
| SEBI observation | 31 Dec 2025 |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Jerai Fitness Limited financials
Between 31 Mar 2024 and 31 Mar 2025, Income rose from ₹110.55 Cr to ₹134.74 Cr, and profit after tax rose from ₹17.97 Cr to ₹23.4 Cr. The PAT margin for 31 Mar 2025 was 17.37%.
| Period ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 155.63 | 121.44 | 106.95 |
| Total Income | 134.74 | 110.55 | 116.76 |
| Profit After Tax | 23.40 | 17.97 | 19.28 |
| Net Worth | 104.57 | 81.23 | 63.20 |
| Total Borrowings | 1.49 | 1.99 | 7.78 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| ROE % | 25.19 | 24.88 | 36.00 |
| ROCE % | 33.97 | 33.14 | 43.22 |
| Debt / Equity | 0.01 | 0.02 | 0.12 |
| RoNW % | 25.19 | 24.88 | 36.00 |
| Pat Margin % | 18.28 | 16.56 | 16.70 |
Objectives
The company intends to utilize the Offer Proceeds for the following Objects.
| Sr | Objective |
|---|---|
| 1 | The Jerai Fitness Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders |
About Jerai Fitness Limited
Jerai Fitness is engaged in the manufacturing and supply of a diverse range of fitness equipment, catering to evolving customer requirements and emerging global fitness trends. Its product portfolio encompasses cardiovascular equipment, strength training equipment, and fitness accessories, serving both commercial and semi-commercial applications.
Product Portfolio
Cardiovascular Equipment: The company offers a wide range of cardiovascular fitness equipment, including treadmills, ellipticals, recumbent and upright exercise bikes, spinning bikes, stair climbers, air bikes, rowing machines, and steppers. These products are designed for commercial and semi-commercial use and feature modern functionalities such as touchscreen displays and performance tracking.
Strength Training Equipment: Its product range includes selectorized machines, weight-stack and pulley-based machines, load-on machines, plate-loaded equipment, benches, racks, and free weights. The portfolio also comprises dumbbells, Olympic bars, and other equipment designed to support strength training across different fitness levels.
Fitness Accessories: The company offers a variety of fitness accessories, including dip stands, gym belts, plyometric boxes, power bags, kettlebells, wall balls, foam rollers, punching bags, gym balls, and battle ropes.
Customer Segments: Jerai Fitness caters to a diverse customer base, including commercial gyms, fitness chains, real estate developers, government bodies, defence establishments, hotels, hospitals, schools, and colleges. Its broad product portfolio enables it to serve a wide range of institutional and commercial fitness requirements.
Manufacturing Facilities: The company operates a manufacturing facility in Wada, Palghar, Maharashtra, spread across approximately 145,530 sq. ft. The facility is equipped with modern manufacturing infrastructure, including CNC machines, robotic welding systems, laser cutters, and powder-coating lines. As of the stated reporting period, its annual production capacity for strength training equipment stood at 21,000 units.
Revenue Profile: In Fiscal 2025, the company generated 92.30% of its revenue from domestic sales, while exports contributed the remaining 7.70%, indicating a predominantly domestic business with an established presence in international markets.
Promoters
- Rajesh Ramsukh Rai
- Rinku Rajesh Rai
Contact details
Jerai Fitness Ltd.
D-204, Gagangiri Complex,
New Link Road
near McDonald, Kandarpada
Dahisar (West),
Mumbai, Maharashtra, 400068
Tel: +91 75061 02102
Email: cs@jeraifitness.com
Website: https://www.jeraifitness.com/
Jerai Fitness IPO FAQs
- Has Jerai Fitness IPO filed for an IPO?
- Jerai Fitness Limited filed its draft red herring prospectus (DRHP) with SEBI on 29 Sep 2025.
- When will the Jerai Fitness IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Jerai Fitness IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.