Jindal Supreme IPO

Listed

MainboardOpens 16 September 2026Closes 18 September 2026

Originally incorporated in 1974 as Janak Steel Tubes, Jindal Supreme (India) Limited is an established Indian manufacturer and supplier of mild steel (MS) black pipes and tubes, galvanized pipes and tubes, metal beam…

Live GMP Subscription Allotment

Price band

₹88 - ₹93

Issue size

₹124.88 Cr

Lot size

161 shares

Type

Mainboard

GMP

₹29 (+31.2%)

Est. listing

₹122

Est. profit / app

₹4,669

Retail quota

35.00%

Key ratios

As per RHP / filings

Face value

₹10

EPS

4.42

P/E ratio

21.06

RoNW

26.28%

ROE

26.28%

Debt / Equity

1.24

Timeline

IPO Opens
16 Sept 2026
IPO Closes
18 Sept 2026
Allotment
21 Sept 2026
Listing
23 Sept 2026

IPO Opens

16 Sept

IPO Closes

18 Sept

Allotment

21 Sept

Listing

23 Sept

IPO Timeline & Listing Details

Event	Date	Details
IPO Open Date	16 September 2026	Subscription starts
IPO Close Date	18 September 2026	Subscription ends
Allotment Date	21 September 2026	Allotment
Listing Date	23 September 2026	Listing

Investment Categories

Category	Lots	Amount
Retail (Min)	1	₹14,973
Retail (Max)Just less than ₹2,00,000	13	₹1,94,649
SHNI (Min)Just above ₹2,00,000	14	₹2,09,622
SHNI (Max)Below ₹10,00,000	66	₹9,88,218
BHNIAbove ₹10,00,000	67	₹10,03,191

IPO Reservation Details

Category	Reservation
QIB (Qualified Institutional Buyer)	50.00%
NII (Non-Institutional Investor)	15.00%
SHNI (Small Non-Institutional Investor)	5.00%
BHNI (Big Non-Institutional Investor)	10.00%
Retail	35.00%
Total	100.00%

IPO Objectives

Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company (₹71.00 Cr / ₹7,100.00 lakhs).
General Corporate Purposes.

Strengths

Comprehensive and diversifying product portfolio spanning MS black pipes, galvanized tubes, crash barriers, and GI poles.
Long-standing operating track record of over 50 years with a scalable manufacturing facility in Hisar, Haryana.
Established distribution network of 53 dealers across key industrial and infrastructure regions in Northern India.
Diversified customer base catering to critical infrastructure applications including Jal Jeevan Mission, highway expansions, and rural electrification.

Weaknesses

Single-location manufacturing risk, with all operations concentrated at its facility in Hisar, Haryana.
Vulnerability to raw material cost volatility, specifically steel coils, MS hot-rolled coils, and zinc.
High reliance on top suppliers, with the top 10 vendors accounting for 76.23% of purchases in FY26 without long-term supply contracts.
Working capital-intensive business model with significant indebtedness, showing a debt-to-equity ratio of 1.24x as of March 31, 2026.

Financial Performance

Period Ended	30 Jun 2026	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets (₹ Cr.)	232.65	248.41	200.33	181.16
Revenue (₹ Cr.)	191.09	675.94	604.74	650.88
PAT (₹ Cr.)	8.28	22.53	24.27	12.87
Net Worth (₹ Cr.)	105.02	96.82	74.64	50.31

Peer Comparison

Company	P/B Ratio	P/E Ratio	RONW (%)	Net Worth (₹ Cr.)
Jindal Supreme	3.87	21.06	26.28%	96.82
Hi-Tech Pipes Ltd.	1.12	19.83	5.71%	1,257
Sambhv Steel Tubes Ltd.	3.6	23.02	13.49%	1,054
Vibhor Steel Tubes Ltd.	1.11	28.95	4.94%	197

Subscription Details

Daily Bids Status

Category	Day 1	Day 2	Day 3
QIB	1.02x	12.5x	126.41x
NII	6.75x	37.63x	326.84x
S-HNI	12.12x	59.97x	372.15x
B-HNI	4.06x	26.46x	304.18x
RII	11.64x	39.8x	141.75x
Total	7.56x	31.54x	177.03x

Overall Subscription Statistics

Category	Shares Offered	Shares Bid	Bid Amount (₹ Cr)
QIB	26,85,600	33,94,88,625	3,157.24
NII	20,14,200	65,83,20,467	6,122.38
Small NII	6,71,400	24,98,61,857	2,323.72
Big NII	13,42,800	40,84,58,610	3,798.67
RII	46,99,800	66,61,90,308	6,195.57
Total	93,99,600	1,66,39,99,400	15,475.19

Company Details

Jindal Supreme (India) Limited
9th KM, O P Jindal Marg, Hisar Cantt, Hisar - 125006, Haryana, India
016 6223 6500
cs@jindalsupreme.com
https://www.jindalsupreme.com

Registrar Details

Bigshare Services Private Limited
+91 22 6263 8200
ipo@bigshareonline.com
https://www.bigshareonline.com

Frequently Asked Questions

What does Jindal Supreme (India) Limited do?

Jindal Supreme (India) Limited manufactures and supplies mild steel (MS) black pipes and tubes, galvanized pipes, metal beam crash barriers, and GI tubular poles for water supply, plumbing, infrastructure, roads, and energy applications.

What are the opening and closing dates for the Jindal Supreme IPO?

The IPO opens for public subscription on September 16, 2026, and closes on September 18, 2026 (Anchor bidding date is September 15, 2026).

What is the price band and minimum investment amount for retail investors?

The price band is fixed at ₹88.00 to ₹93.00 per share. Retail investors can bid for a minimum of 1 lot (161 shares), requiring an investment of ₹14,973 at the upper cap price of ₹93.

What is the total issue size of the Jindal Supreme IPO?

The total issue size is ₹124.88 Crores (1,34,28,000 shares), consisting of a Fresh Issue of ₹99.89 Crores (1,07,41,149 shares) and an Offer for Sale (OFS) of ₹24.99 Crores (26,86,851 shares) by VVJ Enterprise Private Limited.

When is the tentative listing date for Jindal Supreme on the stock exchanges?

The equity shares of Jindal Supreme (India) Limited are tentatively scheduled to list on BSE and NSE on September 23, 2026.

Jindal Supreme IPO News & Updates

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Jindal Supreme IPO IPO Pages

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Jindal Supreme IPO Details

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Jindal Supreme IPO GMP

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Jindal Supreme IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Jindal Supreme IPO Allotment

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Jindal Supreme IPO Review

SWOT, strengths, risks, and IPO review

Jindal Supreme IPO FAQ

Common questions on dates, GMP, and allotment

Jindal Supreme IPO Registrar

Registrar website and how to check allotment

Jindal Supreme IPO Timeline

Open, close, allotment, and listing dates

Jindal Supreme IPO News

Updates, blogs, and latest IPO news

Sources

We match Jindal Supreme IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

SEBIRules for IPO allotment and disclosures in India
NSEExchange notices, bidding data, and listing updates
BSEExchange notices and IPO allotment check tools
RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
Bigshare Services Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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