Last updated on January 3rd, 2026 at 11:14 am
Jerai Fitness Limited is manufacturer and distributor of fitness equipment producing strength-training machines.
It is specialized in cardiovascular equipment, free weights and fitness accessories for gyms, hotels, corporates, real-estate projects and other clients in India and abroad as well.
Jerai Fitness has filed DRHP comprising completely as Offer for Sale of 43,92,500 equity shares (face value ₹10 each).
Subscription date to apply for Jerai Fitness Limited is yet to be announced.
Price band for the IPO is also pending to be declared.
| Issue Size: | 43,92,500 Shares |
| Fresh Issue: | Nill |
| Offer for Sale: | 43,92,500 Shares |
| Price Range: | TBA |
| Lot Size: | TBA |
Jerai Fitness important data points:
Revenue, PAT, EBITDA
| Year | Fiscal 2025 |
| Networth | ₹ 104.56 Cr |
| Revenue: | ₹ 128.04 Cr |
| EBITDA | ₹ 31.22 Cr |
| PAT | ₹ 23.40 Cr |
| EBITDA Margin: | ~24.38% |
| PAT Margin | ~18.28% |
| Face Value: | ₹ 10 per Eq. Share |
IPO important dates
| IPO Open Date: | TBA |
| IPO Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| IPO Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
Use of Proceeds
| Purpose | Amount |
| Working Capital Requirement | Nill |
| General Corporate Purpose | Nill |
| Technology & Infrastructure | Nill |
| Offer For Sale | 100% |
Jerai Fitness Limited Promoters – Pre offer equity (Approx)
| Rajesh Ramsukh Rai | ~60% |
| Rinku Rajesh Rai | ~30% |
Jerai Fitness Limited Financial Data
| 2023 | 2024 | 2025 | |
| Revenue (₹ Cr) | ₹ 115.4 | ₹ 108.5 | ₹ 128.0 |
| Profit (₹ Cr) | ₹ 19.3 | ₹ 18.0 | ₹ 23.4 |
| Asset (₹ Cr) | ₹ 106.9 | ₹ 121.4 | ₹ 155.6 |
| Net Worth (₹ Cr) | ₹ 63.2 | ₹ 81.2 | ₹ 104.6 |
Jerai Fitness IPO Grey Market Premium
| Date | IPO Price | IPO GMP | Profit per lot |
| 22-Dec | ₹ – | ₹ – | ₹ – |
| 21-Dec | ₹ – | ₹ – | ₹ – |
| 20-Dec | ₹ – | ₹ – | ₹ – |
| 19-Dec | ₹ – | ₹ – | ₹ – |
| 18-Dec | ₹ – | ₹ – | ₹ – |
Jerai Fitness Limited IPO Pros & Cons
Strengths:
- Strong revenue and profit growth makes Jerai a financially healthy and expanding fitness-equipment manufacturer.
- Wide product portfolio and in-house manufacturing reduce import dependency and improve margins.
- Diversified customer base across gyms, hotels, corporates and institutions lowers business concentration risk.
- Growing exports and presence in multiple countries provide global growth opportunities.
- Rising fitness awareness in India creates strong long-term demand for gym equipment.
Risks:
- Entire IPO is an Offer-for-Sale, so the company receives no new capital for expansion.
- Fitness-equipment demand is cyclical and sensitive to economic slowdowns.
- Raw-material price fluctuations can impact margins and production stability.
- Low repeat-purchase nature of fitness equipment limits recurring revenue.
- Heavy competition from domestic and imported brands may pressure pricing and market share.
Jerai Fitness Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Core Offerings of Jerai Fitness Limited
It manufactures and supplies a wide range of gym and fitness equipment – including strength-training machines, free weights, cardio equipment and multi-station gym setups.
Its major targets are commercial gyms, hotels, corporates, real-estate wellness centres and export markets too.
Lead Managers / Registrars of Jerai Fitness
| Lead / Book Running Lead Managers | Emkay Global Financial Services Ltd., Catalyst Capital Partners Pvt. Ltd |
| Registrar (RTA) | Bigshare Services Pvt Ltd |
Founding Year of Jerai Fitness Limited & Managing Director
It was incorporated in the year 1994.
Mr. Rajesh Ramsukh Rai is the MD of the company.
Jerai Fitness Limited FAQ
- Q1. What is the business of Jerai Fitness Limited?
Last updated on January 3rd, 2026 at 11:14 am
Jerai Fitness designs, manufactures and distributes gym & fitness equipment like strength-training machines, cardio gear and accessories for commercial gyms, hotels, corporates, real-estate projects and export markets across India and abroad. - Q2. Why is the company raising funds via IPO?
Last updated on January 3rd, 2026 at 11:14 am
The IPO is a 100% Offer-for-Sale (OFS), so promoters are selling part of their existing shares to provide liquidity. The company will not receive any fresh capital. - Q3. What is the size of the issue and where will it list?
Last updated on January 3rd, 2026 at 11:14 am
Risks to investing in the IPO includes fluctuating raw-material prices which is primarily steel, stiff competition from imported equipment makers, possible order slowdowns if gym-industry growth is impacted and low repeat demand as gym equipment is durable and most of them lasts for more than 10+ years. - Q5. What are the potential upsides?
Last updated on January 3rd, 2026 at 11:14 am
Upsides to investing in the IPO includes strong profitability margins, a wide and diversified client base (gyms, hotels, export markets), and rising fitness-industry penetration in India which could drive steady long-term demand. - Q6. How to apply for the IPO?
Last updated on January 3rd, 2026 at 11:14 am
You can apply for the IPO via your brokerage/demat or UPI-enabled platform once it opens for subscription, select Jerai Fitness IPO, enter desired lots and bid price, provide UPI ID, approve payment mandate. - Q 7. When is the tentative listing date?
Last updated on January 3rd, 2026 at 11:14 am
Expected listing date is yet to be announced.
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