Jindal Supreme (India) IPO
GMP, Subscription, Price, Dates & Financial Details
Steel & Iron Products
Incorporated in March 1974, Jindal Supreme (India) Limited (“the Company”) has been engaged in the manufacturing and supply of steel pipes, tubes and other steel products for over five decades. The Company's products cater to a broad range of infrastructure, construction and industrial…
Open Date
Wed, 16 Sep 2026
Close Date
Fri, 18 Sep 2026
Price Band
₹ 88 – 93
Lot Size
161
Issue Size
₹ 125.00 Cr
Minimum Investment
₹ 14,973 (161 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Jindal Supreme (India) IPO is set to open its Initial Public Offering (IPO) for subscription on September 16, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹125.00 Crore, comprising a fresh issue of 1.07 Crore equity shares aggregating to ₹100.00 Crore and an offer for sale (OFS) of 26.87 Lakh equity shares aggregating to ₹25.00 Crore by the existing shareholders.
The Jindal Supreme (India) IPO will open for subscription on September 16, 2026, and close on September 18, 2026. The basis of allotment is expected to be finalized on September 21, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 23, 2026.
The company has fixed the price band at ₹88 to ₹93 per share, with a lot size of 161 shares. Retail investors will require a minimum investment of ₹14,973 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd is the registrar to the issue. Sarthi Capital Advisors Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Jindal Supreme (India) IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 18, 2026.
Jindal Supreme (India) IPO Timeline (Tentative)
- IPO Open Date
- Wed, 16 Sep 26
- IPO Close Date
- Fri, 18 Sep 26
- Basis of Allotment
- Mon, 21 Sep 26
- Initiation of Refunds
- Tue, 22 Sep 26
- Credit of Shares to Demat
- Tue, 22 Sep 26
- Listing Date
- Wed, 23 Sep 26 — BSE & NSE
Open Date
16 September 2026
Close Date
18 September 2026
Basis Of Allotment
21 September 2026
Listing Date
23 September 2026
IPO Subscription
Check Live Subscription →The Jindal Supreme (India) IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 16 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (0%), while Non-Institutional Investors (NIIs) receive 0 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 0% |
| Retail Investors | 0 | 0% |
| Non-Institutional | 0 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 232.65 | 248.41 | 200.33 | 181.16 |
| Revenue | 191.09 | 675.94 | 604.74 | 650.88 |
| Profit After Tax | 8.28 | 22.53 | 24.27 | 12.87 |
| Net Worth | 105.02 | 96.82 | 74.64 | 50.31 |
| Reserve & Surplus | 64.56 | 56.28 | 72.17 | 47.9 |
| Total Borrowings | 92.46 | 119.87 | 95.84 | 104.92 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Jindal Supreme (India) Limited KPI Information
| Particular | Jun 2026 | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
| ROE % | 8.2 | 26.28 | 38.85 | 27.98 |
| ROCE % | 6.14 | 16.78 | 22.37 | 13.92 |
| Debt / Equity | 0.88 | 1.24 | 1.28 | 2.09 |
| RoNW % | 8.2 | 26.28 | 38.85 | 27.98 |
| Pat Margin % | 4.33 | 3.33 | 4.01 | 1.98 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Jindal Supreme (India) Ltd | 10 | 0 | 5.59 | 5.59 | 26.28 | 0 |
| Vibhor Steel Tubes Ltd | 10 | 23.06 | 4.64 | 4.64 | 4.57 | 0 |
| Sambhv Steel Tubes Ltd | 10 | 65.55 | 1.81 | 1.81 | 18.35 | 0 |
| Hi-Tech Pipes Limited | 1 | 22.31 | 3.77 | 3.77 | 6.07 | 0 |
About Jindal Supreme (India) Limited
Incorporated in March 1974, Jindal Supreme (India) Limited (“the Company”) has been engaged in the manufacturing and supply of steel pipes, tubes and other steel products for over five decades. The Company's products cater to a broad range of infrastructure, construction and industrial applications.
The Company's product portfolio comprises Mild Steel (MS) black pipes and tubes, galvanized pipes, metal beam crash barriers and Galvanized Iron (GI) tubular poles. These products are manufactured in various dimensions in accordance with applicable Indian Standards and are used across several end-use sectors, including water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among others.
Over the years, the Company has progressively diversified its product portfolio to capitalize on emerging opportunities in the infrastructure and road safety sectors. During Fiscal 2025, the Company commenced manufacturing W-beam and Thrie-beam metal crash barriers, which are primarily used for road safety applications in highway and infrastructure projects. During Fiscal 2026, the Company further expanded its product portfolio by commencing the manufacture of GI tubular poles, which are used in street lighting, electrification projects and other public utility infrastructure applications.
The Company primarily operates under a business-to-business (B2B) business model, with direct sales to institutional and industrial customers, including infrastructure contractors. In addition, the Company markets and distributes its products through an established dealer network, enabling it to serve a wider customer base and strengthen its presence across its target markets.
Manufacturing Facilities
The Company's manufacturing facility is located in Hisar, Haryana. The facility is equipped with mills, welding plants, galvanizing plants and other manufacturing machinery, supported by an in-house maintenance workshop and testing equipment. These facilities enable the Company to undertake various manufacturing, processing, maintenance and quality-testing activities.
The Company has established a dealer network primarily across the northern states of India. Its distribution strategy is focused on expanding its dealer base, strengthening its presence across existing markets and increasing sales volumes through its existing dealer network.
Dealer and Employee Base
As of June 30, 2026, the Company had 53 dealers and an employee base of 242 employees. The Company continues to focus on expanding its distribution network, increasing customer and dealer engagement, and enhancing its product portfolio to address growing opportunities across infrastructure, construction, road safety and public utility applications.
Jindal Supreme (India) IPO Promoters
- Abhishek Jindal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.68%
Jindal Supreme (India) IPO Objective
The Company Jindal Supreme IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment/pre-payment, in full or in part, of certain Outstanding borrowings availed by our Company
- General Corporate Purposes
Jindal Supreme (India) Limited Address / Contact Details
Jindal Supreme (India) Ltd.
9th KM
O P Jindal Marg
Hisar Cantt
Hisar, Haryana, 125006
Phone: 016 6223 6500
Email: janaksteel@gmail.com
Website: http://www.jindalsupreme.com/
IPO Snapshot
Jindal Supreme (India) IPO Lot Size
The Jindal Supreme (India) IPO has a lot size of 161 shares. Retail investors require a minimum investment of ₹14,973 by applying for 1 lot (161 shares). The maximum application allowed for the retail category is 13 lots (2,093 shares), requiring an investment of ₹1,94,649.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 161 | 14,973.00 |
| Retail (Max) | 13 | 2,093 | 194,649.00 |
| S-HNI (Min) | 14 | 2,254 | 209,622.00 |
| S-HNI (Max) | 66 | 10,626 | 988,218.00 |
| B-HNI (Min) | 67 | 10,787 | 1,003,191.00 |
Issue Reservation
Book Running Lead Managers
- Sarthi Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Jindal Supreme (India) IPO?
Jindal Supreme (India) IPO is a Book-building IPO with a total issue size of ₹125 crore. The Jindal Supreme (India) IPO price band is ₹88 to 93 per share. The Jindal Supreme (India) IPO subscription opens on Wed, Sep 16, 2026, and closes on Fri, Sep 18, 2026. The Jindal Supreme (India) IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Jindal Supreme (India) IPO.
When will the Jindal Supreme (India) IPO open for subscription?
The Jindal Supreme (India) IPO opens on Wed, Sep 16, 2026 and closes on Fri, Sep 18, 2026
What is Jindal Supreme (India) IPO Price Band?
Jindal Supreme (India) IPO Price Band is ₹88 to 93 per share.
What is Jindal Supreme (India) IPO Lot Size?
Jindal Supreme (India) IPO lot size is 161 shares, Retail investors need a minimum investment of ₹14973 based on the upper price band
What is the minimum investment for Jindal Supreme (India) IPO?
The minimum investment for Jindal Supreme (India) IPO is ₹14973, based on one lot of 161 shares at the upper price band of ₹93 per share.
How to apply for Jindal Supreme (India) IPO?
Investors can apply for the Jindal Supreme (India) IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 18, 2026. The application amount remains blocked until the Jindal Supreme (India) IPO allotment is finalized.
What is Jindal Supreme (India) IPO Issue Size?
Jindal Supreme (India) IPO issue size is ₹125 crores.
What is the Jindal Supreme (India) IPO Allotment Date?
Jindal Supreme (India) IPO allotment date is Mon, Sep 21, 2026.
Who is the Jindal Supreme (India) IPO Registrar?
The registrar for Jindal Supreme (India) IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Jindal Supreme (India) IPO allotment status, refund processing, and other IPO-related information.
What is the Jindal Supreme (India) IPO GMP?
The Jindal Supreme (India) IPO GMP (Grey Market Premium) is ₹13 as of Thu, Sep 10, 2026. Based on the upper price band of ₹93 per share, the estimated Jindal Supreme (India) IPO listing price is ₹106, indicating a potential listing gain of approximately 13.98% over the issue price.
Who is the Jindal Supreme (India) IPO Lead Manager?
The book-running lead managers (BRLMs) for the Jindal Supreme (India) IPO are Sarthi Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Jindal Supreme (India) IPO Red Herring Prospectus (RHP).