Jindal Supreme IPO GMP Today
Expected Gain: 34.41%
Jindal Supreme IPO GMP Today, 18 September 2026
Jindal Supreme IPO GMP today is ₹32. The latest grey market premium is reported at ₹32 on 18 September 2026.
Jindal Supreme IPO has a price band of ₹88 to ₹93 per share. Based on the upper price band of ₹93 and the current GMP of ₹32, the estimated listing price is ₹125 per share.
At the current GMP, the estimated listing gain is approximately 34.41% over the IPO upper price of ₹93.
Jindal Supreme IPO opened for subscription on 16 September 2026 and closes today, 18 September 2026. The IPO is expected to be listed on 23 September 2026 on BSE and NSE.
The IPO comprises a fresh issue of 1,07,41,149 shares aggregating up to ₹100 crore and an offer for sale of 26,86,851 shares aggregating up to ₹25 crore. The total issue size is approximately ₹124.88 crore.
Based on the latest GMP of ₹32, the grey market currently indicates expectations of a premium listing if the premium remains around this level until the listing date.
The grey market premium can change before the IPO listing depending on subscription demand, market conditions and investor sentiment.
GMP is an unofficial market indicator and does not guarantee the actual listing price of Jindal Supreme shares.
Jindal Supreme IPO Expected Listing Price
IPO Upper Price Band: ₹93
Latest GMP: ₹32
Therefore, the current GMP indicates an estimated listing price of ₹125 per share.
Estimated gain over the upper IPO price: 34.41%
Jindal Supreme IPO GMP Trend
Jindal Supreme IPO GMP is currently reported at ₹32 as of 18 September 2026.
The latest GMP has increased by ₹4 from ₹28 on 17 September 2026.
The current GMP of ₹32 implies an estimated listing price of ₹125 per share if the premium remains unchanged until listing.
The GMP trend can change during the IPO subscription period as demand, market conditions and investor sentiment evolve.
| GMP Date | IPO Price | GMP | Estimated Listing | Estimated Gain | Estimated Profit/Lot | Status |
|---|---|---|---|---|---|---|
| 18-Sep-2026 | ₹93 | ₹32 | ₹125 | 34.41% | ₹5,152 | Latest GMP |
| 17-Sep-2026 | ₹93 | ₹28 | ₹121 | 30.11% | ₹4,508 | Previous GMP |
| 16-Sep-2026 | ₹93 | ₹28 | ₹121 | 30.11% | ₹4,508 | Earlier GMP |
* Estimated listing price is calculated using the IPO upper price band plus the reported GMP. Estimated profit per lot is calculated using GMP × lot size. Latest calculation: ₹32 × 161 shares = ₹5,152. GMP-based estimates are indicative and may differ from the actual listing price.
Jindal Supreme IPO Details
| IPO Name | Jindal Supreme IPO |
| Company | Jindal Supreme (India) Limited |
| IPO Type | Book Building Issue |
| Issue Size | ₹124.88 Crore |
| Fresh Issue | 1,07,41,149 Shares / ₹99.89 Crore |
| Offer for Sale | 26,86,851 Shares / ₹24.99 Crore |
| Total Issue Shares | 1,34,28,000 Shares |
| Exchange | BSE, NSE |
| Open Date | 16 September 2026 |
| Close Date | 18 September 2026 |
| Allotment Date | 21 September 2026 |
| Refund / Unblock Date | 22 September 2026 |
| Demat Credit | 22 September 2026 |
| Listing Date | 23 September 2026 |
| Price Band | ₹88 to ₹93 per share |
| Face Value | ₹10 per share |
| Lot Size | 161 Shares |
| Minimum Investment | ₹14,973 |
| Latest GMP | ₹32 |
| Previous GMP | ₹28 |
| Estimated Listing Price | ₹125 |
| Estimated Gain | 34.41% |
| Estimated Profit Per Lot | ₹5,152 |
| Last GMP Update | 18 September 2026 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Sarthi Capital Advisors Pvt. Ltd. |
Jindal Supreme IPO GMP Profit Estimate
Based on the latest GMP of ₹32 and the IPO upper price band of ₹93, the estimated listing price is ₹125 per share.
| Particular | Calculation | Amount |
|---|---|---|
| IPO Investment | ₹93 × 161 Shares | ₹14,973 |
| Estimated Listing Value | ₹125 × 161 Shares | ₹20,125 |
| Estimated Gain | ₹20,125 − ₹14,973 | ₹5,152 |
If the GMP remains at ₹32 until listing, one lot of 161 shares would indicate an estimated GMP-based gain of approximately ₹5,152.
Jindal Supreme IPO GMP Update
GMP Date: 18 September 2026
Latest GMP: ₹32
At the latest reported GMP of ₹32, the estimated listing price is ₹125 per share.
This represents an indicative listing gain of 34.41% over the upper IPO price of ₹93.
For one lot of 161 shares, the indicative GMP-based profit is ₹5,152.
GMP can change before the listing date and should be treated only as an unofficial indicator of market sentiment.
What Is Jindal Supreme IPO GMP?
IPO GMP stands for Initial Public Offering Grey Market Premium. It represents the premium at which an IPO may be informally traded in the grey market before its official stock-market listing.
A positive GMP can indicate positive market sentiment and expectations of a premium listing. However, GMP is unofficial, unregulated and can change rapidly before the listing date.
Estimated Listing Price = IPO Upper Price Band + Latest GMP
₹93 + ₹32 = ₹125
Estimated Gain = (₹32 ÷ ₹93) × 100 = 34.41%
Estimated Profit Per Lot = ₹32 × 161 = ₹5,152
GMP should only be considered an indicative market-sentiment indicator. The actual listing price can be significantly different from the GMP-based estimate.
Jindal Supreme IPO Company Overview
Jindal Supreme (India) Limited is a steel products manufacturer with a long operating history in the industry. The company was incorporated in March 1974 and has been engaged in manufacturing and supplying steel pipes, tubes and related products for infrastructure and industrial applications.
Its product portfolio includes mild steel black pipes and tubes, galvanized pipes, metal beam crash barriers and GI tubular poles. These products are used across water supply, plumbing, infrastructure, construction, roads, highways, bridges, oil and gas, chemicals, agriculture and rural electrification.
The company expanded its product portfolio in recent years. In FY2025, it started manufacturing W-beam and Thrie-beam crash barriers, while in FY2026 it entered the GI tubular pole segment for applications such as street lighting and electrification.
Jindal Supreme primarily follows a B2B business model, serving institutional and industrial customers, infrastructure contractors and dealers.
Its manufacturing facility is located in Hisar, Haryana and includes mills, welding plants, galvanizing facilities, testing equipment and an in-house maintenance workshop.
As of 30 June 2026, the company had 53 dealers and 242 employees.
Jindal Supreme IPO Competitive Strengths
- Established presence in steel pipes and tubes manufacturing.
- Strong dealer and customer relationships.
- Strategically located manufacturing facility in Hisar, Haryana.
- Diversified product portfolio across multiple infrastructure applications.
- Customisation capabilities for different customer requirements.
- Experienced promoter and professional management team.
- Track record of financial performance and operational experience.
Jindal Supreme IPO Financial Performance
| Particular | Jun 2026 | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|---|
| Total Assets | ₹232.65 Cr | ₹248.41 Cr | ₹200.33 Cr | ₹181.16 Cr |
| Total Income | ₹191.09 Cr | ₹675.94 Cr | ₹604.74 Cr | ₹650.88 Cr |
| PAT | ₹8.28 Cr | ₹22.53 Cr | ₹24.27 Cr | ₹12.87 Cr |
| EBITDA | ₹13.76 Cr | ₹41.63 Cr | ₹25.92 Cr | ₹21.11 Cr |
| Net Worth | ₹105.02 Cr | ₹96.82 Cr | ₹74.64 Cr | ₹50.31 Cr |
| Reserves & Surplus | ₹64.56 Cr | ₹56.28 Cr | ₹72.17 Cr | ₹47.90 Cr |
| Total Borrowing | ₹92.46 Cr | ₹119.87 Cr | ₹95.84 Cr | ₹104.92 Cr |
Jindal Supreme reported total income of ₹675.94 crore in FY2026, compared with ₹604.74 crore in FY2025. PAT stood at ₹22.53 crore in FY2026, compared with ₹24.27 crore in FY2025.
EBITDA improved from ₹25.92 crore in FY2025 to ₹41.63 crore in FY2026.
Jindal Supreme IPO Key Financial Ratios
| KPI | Jun 30, 2026 | Mar 31, 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 | 3.57x | 3.87x |
Jindal Supreme IPO Valuation
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹5.59 | ₹6.49 |
| P/E | 16.64x | 14.33x |
| Market Cap at Offer Price | ₹374.63 Cr | ₹474.52 Cr |
At the upper IPO price of ₹93, the post-issue market capitalization is estimated at approximately ₹474.52 crore.
Jindal Supreme IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII | Not less than 15% |
Jindal Supreme IPO Lot Size and Investment
Investors can bid for a minimum of 161 shares and in multiples thereof.
| 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 |
Jindal Supreme IPO Offer for Sale
| OFS Seller | 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 Objects of the Issue
The company plans to use the net proceeds from the fresh issue primarily for reducing its outstanding debt and for general corporate purposes.
| No. | Issue Object | Estimated Amount |
|---|---|---|
| 1 | Repayment / pre-payment of certain outstanding borrowings | ₹71.00 Cr |
| 2 | General Corporate Purposes | Balance Amount |
| Total | ₹71.00 Cr |
Jindal Supreme IPO Important Dates
| IPO Event | Date |
|---|---|
| IPO Opens | 16 September 2026 |
| IPO Closes | 18 September 2026 |
| Basis of Allotment | 21 September 2026 |
| Refund / Unblocking | 22 September 2026 |
| Shares Credited to Demat | 22 September 2026 |
| Listing | 23 September 2026 |
Jindal Supreme IPO GMP FAQs
What is Jindal Supreme IPO GMP today?
Jindal Supreme IPO GMP is ₹32 as of 18 September 2026.
What is the expected listing price of Jindal Supreme IPO?
Based on the upper IPO price of ₹93 and GMP of ₹32,
the estimated listing price is ₹125 per share.
What is the expected gain from Jindal Supreme IPO GMP?
The GMP of ₹32 indicates an estimated gain of approximately
34.41% over the upper IPO price of ₹93.
What is the estimated profit per lot?
With a lot size of 161 shares, the GMP-based estimated profit
is ₹5,152 per lot.
What is Jindal Supreme IPO price band?
The IPO price band is ₹88 to ₹93 per share.
What is Jindal Supreme IPO lot size?
The lot size is 161 shares.
What is the minimum investment in Jindal Supreme IPO?
At the upper price band, the minimum retail investment is
₹14,973 for one lot of 161 shares.
When will Jindal Supreme IPO open?
The IPO opened on 16 September 2026.
When will Jindal Supreme IPO close?
The IPO closes on 18 September 2026.
When is Jindal Supreme IPO allotment?
The basis of allotment is expected on 21 September 2026.
When is Jindal Supreme IPO listing?
The expected listing date is 23 September 2026 on BSE and NSE.
What is Jindal Supreme IPO issue size?
The total IPO issue size is approximately ₹124.88 crore,
consisting of a fresh issue and an offer for sale.
IPO GMP is based on unofficial grey-market indications and is provided for informational purposes only. GMP can change rapidly and does not guarantee the actual listing price or investment returns. The estimated listing price, percentage gain and profit shown above are calculated using the IPO upper price band and reported GMP. Investors should conduct their own research and due diligence before making any investment decision.