Jindal Supreme IPO 2026
Jindal Supreme IPO Dates: 16 September to 18 September 2026
Price Band: ₹88 to ₹93 per share
Issue Size: ₹124.88 Crore
Lot Size: 161 Shares
Listing: NSE & BSE
Jindal Supreme IPO Details
| Particular | Details |
|---|---|
| IPO Date | 16 to 18 September 2026 |
| Listing Date | 23 September 2026 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹88 to ₹93 per share |
| Lot Size | 161 Shares |
| Issue Type | Bookbuilding IPO |
| Issue Structure | Fresh Issue + Offer for Sale |
| Listing At | BSE & NSE |
| Market Cap* | ₹474.52 Crore |
*Market capitalization based on the upper end of the IPO price band.
Jindal Supreme IPO Issue Size
| Issue Component | Shares | Amount |
|---|---|---|
| Total Issue | 1,34,28,000 Shares | Up to ₹124.88 Cr |
| Fresh Issue | 1,07,41,149 Shares | Up to ₹99.89 Cr |
| Offer for Sale | 26,86,851 Shares | Up to ₹24.99 Cr |
| Pre-Issue Shareholding | 4,02,82,620 Shares | — |
| Post-Issue Shareholding | 5,10,23,769 Shares | — |
Jindal Supreme IPO Timeline 2026
| IPO Event | Date |
|---|---|
| IPO Opens | Wednesday, 16 September 2026 |
| IPO Closes | Friday, 18 September 2026 |
| Allotment | Monday, 21 September 2026 |
| Refund / Unblocking | Tuesday, 22 September 2026 |
| Credit of Shares | Tuesday, 22 September 2026 |
| Listing | Wednesday, 23 September 2026 |
Jindal Supreme IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the offer |
| Retail Investors | Not less than 35% of the offer |
| Non-Institutional Investors (NII) | Not less than 15% of the offer |
Jindal Supreme IPO Lot Size
The minimum application size for Jindal Supreme IPO is 161 shares. Investors can apply in multiples of the lot size.
| Investor Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 161 | ₹14,973 |
| Retail Maximum | 13 | 2,093 | ₹1,94,649 |
| S-HNI Minimum | 14 | 2,254 | ₹2,09,622 |
| S-HNI Maximum | 66 | 10,626 | ₹9,88,218 |
| B-HNI Minimum | 67 | 10,787 | ₹10,03,191 |
About Jindal Supreme (India) Ltd.
Jindal Supreme (India) Limited was incorporated in March 1974 and has more than five decades of experience in manufacturing and supplying steel pipes, tubes and other steel products for infrastructure and industrial applications.
Its product portfolio includes mild steel black pipes and tubes, galvanized pipes, metal beam crash barriers and galvanized iron tubular poles. These products are used across water supply and plumbing, construction and infrastructure, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification.
The company has expanded its product range in recent years. It entered the W-beam and Thrie-beam crash barrier segment in FY2025 and added GI tubular poles during FY2026. These products are aimed at road safety, street lighting, electrification and other public infrastructure applications.
Jindal Supreme primarily operates through a B2B model, supplying products directly to institutional and industrial customers, infrastructure contractors and through its dealer network.
Its manufacturing facility is located in Hisar, Haryana, and includes production mills, welding facilities, galvanizing plants, testing equipment and an in-house maintenance workshop.
As of 30 June 2026, the company had 53 dealers and 242 employees.
Jindal Supreme Business Strengths
- Established presence in steel pipes and tubes manufacturing.
- Long operating history in the steel products industry.
- Established dealer and customer relationships.
- Manufacturing facility strategically located in Hisar, Haryana.
- Diversified portfolio covering pipes, tubes, crash barriers and GI poles.
- Ability to provide customized steel products.
- Experienced promoters and professional management.
- Track record of financial performance and business expansion.
Jindal Supreme IPO GMP Today
Check the latest Jindal Supreme IPO Grey Market Premium (GMP), estimated listing price and potential listing gain.
Check Jindal Supreme IPO GMP →Jindal Supreme IPO Financial Performance
The company’s total income increased from ₹604.74 crore in FY2025 to ₹675.94 crore in FY2026, while profit after tax declined from ₹24.27 crore to ₹22.53 crore during the same period.
| Particulars (₹ Cr) | 30 Jun 2026 | FY2026 | FY2025 | FY2024 |
|---|---|---|---|---|
| Assets | 232.65 | 248.41 | 200.33 | 181.16 |
| Total Income | 191.09 | 675.94 | 604.74 | 650.88 |
| Profit After Tax | 8.28 | 22.53 | 24.27 | 12.87 |
| EBITDA | 13.76 | 41.63 | 25.92 | 21.11 |
| Net Worth | 105.02 | 96.82 | 74.64 | 50.31 |
| Reserves & Surplus | 64.56 | 56.28 | 72.17 | 47.90 |
| Total Borrowings | 92.46 | 119.87 | 95.84 | 104.92 |
Amount in ₹ Crore. Financial figures are based on the information provided for the IPO.
Jindal Supreme IPO Objects of the Issue
A portion of the net proceeds from the fresh issue is proposed to be used for reducing the company’s outstanding borrowings, with the remaining identified proceeds intended for general corporate purposes.
| No. | Purpose | Estimated Amount |
|---|---|---|
| 1 | Repayment or pre-payment, fully or partly, of certain outstanding borrowings | ₹71.00 Cr |
| 2 | General Corporate Purposes | Balance amount |
| Total Identified Objects | ₹71.00 Cr | |
Jindal Supreme IPO Key Performance Indicators
| KPI | 30 Jun 2026 | 31 Mar 2026 |
|---|---|---|
| ROE | 8.20% | 26.28% |
| ROCE | 6.14% | 16.78% |
| Debt/Equity | 0.88 | 1.24 |
| RoNW | 8.20% | 26.28% |
| PAT Margin | 4.33% | 3.33% |
| EBITDA Margin | 7.20% | 6.16% |
| NAV | ₹26.07 | ₹24.04 |
| Price to Book Value | 3.57 | 3.87 |
Jindal Supreme IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.59 | 6.49 |
| P/E Ratio | 16.64x | 14.33x |
| Market Cap at Offer Price | ₹374.63 Cr | ₹474.52 Cr |
Jindal Supreme Shareholding Pattern
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter & Promoter Group | 100% | 73.68% |
| Public | — | 26.32% |
| Total | 100% | 100% |
Company Promoters: Abhishek Jindal and Sonam Jindal.
Jindal Supreme IPO Offer for Sale
The IPO also includes an offer for sale through which an existing promoter shareholder will sell part of its holding. The OFS component does not provide proceeds to the company.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| VVJ Enterprise Pvt. Ltd. | Promoter | 26,86,851 | ₹24.99 Cr |
| Total | — | 26,86,851 | ₹24.99 Cr |
Jindal Supreme IPO: Key Positives & Risks
Potential Positives
- More than five decades of operating experience.
- Established presence in steel pipes and tubes.
- Diversification into crash barriers and GI poles.
- Established dealer and customer network.
- Fresh issue proceeds include debt reduction.
- Experienced promoter and management team.
Key Risks to Consider
- Steel prices and raw material costs can affect margins.
- Business performance is linked to infrastructure and construction demand.
- Profit declined in FY2026 despite higher revenue.
- Return ratios were lower in the June 2026 period.
- Competition in steel pipe and related product markets can impact growth.
Jindal Supreme IPO Registrar
Bigshare Services Pvt. Ltd. is the registrar handling the Jindal Supreme IPO.
- Phone: 8657578989 / 8069219065 / 8069219060
- Email: ipo@bigshareonline.com
Jindal Supreme IPO Lead Manager
Sarthi Capital Advisors Pvt. Ltd. is the book running lead manager for the Jindal Supreme IPO.
Jindal Supreme (India) Ltd. Contact Details
| Particular | Details |
|---|---|
| Company | Jindal Supreme (India) Ltd. |
| Address |
9th KM, O P Jindal Marg, Hisar Cantt, Hisar, Haryana – 125006 |
| Phone | 016 6223 6500 |
| janaksteel@gmail.com | |
| Website | jindalsupreme.com |
Jindal Supreme IPO 2026 – Quick Summary
| Particular | Jindal Supreme IPO |
|---|---|
| IPO Opening Date | 16 September 2026 |
| IPO Closing Date | 18 September 2026 |
| Price Band | ₹88 – ₹93 |
| Issue Size | ₹124.88 Crore |
| Fresh Issue | ₹99.89 Crore |
| OFS | ₹24.99 Crore |
| Lot Size | 161 Shares |
| Retail Minimum Investment | ₹14,973 |
| Allotment Date | 21 September 2026 |
| Listing Date | 23 September 2026 |
| Listing Exchange | NSE & BSE |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Sarthi Capital Advisors Pvt. Ltd. |
