Jindal Supreme (India) IPO Details
Jindal Supreme (India) IPO Summary
Jindal Supreme (India) IPO opens for subscription on 16 Sep 2026 and closes on 18 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 23 Sep 2026.
Jindal Supreme (India) IPO price band has been fixed at ₹88 – ₹93 per share. The face value is ₹10 per share with a lot size of 161.
Jindal Supreme (India) IPO total issue size comprises 1,34,28,000 shares (aggregating up to ₹124.88 Cr). This includes a fresh issue of 1,07,41,149 shares (aggregating up to ₹99.89 Cr). Offer for Sale consists of 26,86,851 shares (aggregating up to ₹24.99 Cr). Pre-issue shareholding stands at 4,02,82,620, which will increase to 5,10,23,769 post-issue.
Jindal Supreme (India) IPO carries a ₹26.5 (28.49%) GMP, reflecting investor sentiment.
Jindal Supreme (India) IPO Lot Size :Retail Minimum is 1 lot (161 shares) amounting to ₹14,973. Retail Maximum is 13 lots (2,093 shares) amounting to ₹1,94,649. SHNI Minimum is 14 lots (2,254 shares) amounting to ₹2,09,622. SHNI Maximum is 66 lots (10,626 shares) amounting to ₹9,88,218. BHNI Minimum is 67 lots (10,787 shares) amounting to ₹10,03,191.
Jindal Supreme (India) IPO Details
Jindal Supreme (India) IPO Subscription
Jindal Supreme (India) IPO Application Wise Breakup (Approx)
Jindal Supreme (India) IPO Dates
- 16 Sep 2026Opening dateOpen
- 18 Sep 2026Closing dateClose
- 21 Sep 2026Allotment Date Allotment
- 22 Sep 2026Initiation of RefundsRefund
- 22 Sep 2026Credit of SharesCredit
- 23 Sep 2026Listing dateListing
Jindal Supreme (India) IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 161 | ₹14,973 |
| Retail Maximum | 13 | 2093 | ₹1,94,649 |
| SHNI Minimum | 14 | 2254 | ₹2,09,622 |
| SHNI Maximum | 66 | 10626 | ₹9,88,218 |
| BHNI Minimum | 67 | 10787 | ₹10,03,191 |
Jindal Supreme (India) IPO Reservation
Promoter Holding
Documents
Jindal Supreme (India) IPO Valuations
Jindal Supreme (India) Financial Information
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| 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 and Surplus | 64.56 | 56.28 | 72.17 | 47.90 |
| Total Borrowing | 92.46 | 119.87 | 95.84 | 104.92 |
| Amount in ₹ Crore | ||||
About Jindal Supreme (India) IPO
Incorporated in March 1974 , Jindal Supreme (India) Limited has been engaged in the manufacturing and supply of steel pipes, tubes and other steel products catering to infrastructure and industrial applications for over five decades. Its product portfolio includes 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 as per applicable Indian Standards and are used across water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among other applications.
The Company has progressively diversified its product portfolio to address emerging infrastructure opportunities. In Fiscal 2025, it commenced manufacturing W-beam and Thrie-beam metal crash barriers, primarily used for road safety and highway infrastructure projects. In Fiscal 2026, it further expanded into GI tubular poles, which are used for street lighting, electrification projects and other public utility infrastructure. The Company primarily follows a B2B business model, with direct sales to institutional and industrial customers, including infrastructure contractors, while also serving customers through its dealer network.
The Company's manufacturing facility is located in Hisar, Haryana, and is equipped with mills, welding plants, galvanizing plants and other machinery, supported by an in-house maintenance workshop and testing equipment. The Company has developed a network of dealers, primarily across the northern states of India, and focuses on expanding its dealer base and increasing volumes from existing dealers.
As of June 30, 2026, the Company had 53 dealers and an employee base of 242 employees.
Strength Of Jindal Supreme (India) IPO
- Founder led Company supported by experienced and professional leadership team i.e Abhishek Jindal, Promoter and Managing Director.
- Selling and Distribution network of having dealers 53, 53, 49 and 34 dealers for the period ended June 30, 2026, Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively.
- Experienced Promoter and Management Team with an Employee Base of 242 employees as on June 30, 2026.
Risk Of Jindal Supreme (India) IPO
- Operations at our Manufacturing Facility are concentrated at a single location in Hisar, Haryana, and our business is dependent on this facility; any disruption, breakdown, shutdown or adverse local or regional developments could materially and adversely affect our business, financial condition, results of operations and cash flows.
- Our Company requires significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
- Our top 10 suppliers contribute 72.31%, 76.23%, 70.92% and 75.73%, of our purchase during the period ended June 30, 2026 and for Fiscal 2026, Fiscal 2025 and Fiscal 2024. Any delay in or shortage from one or more of them may adversely affect our operations.
- Our production costs are vulnerable to fluctuations in the prices of raw materials, especially Mild Steel Coils, MS Hot-Rolled Coil, and Galvanizing Materials. Price volatility in these key raw materials can significantly affect our production expenses and overall financial results.
- Our revenue from operations depends on sale of Black Pipes and Galvanized Pipes. Any changes in the demand or a decline in the demand of the said product, or delays in the placement of orders, may affect our ability to grow or maintain our sales, earnings, and cash flow.
- We derive a significant portion of our revenue from operations from our key customers and our top 10 customers contributed to 24.09%, 20.32%, 15.96% and 15.90%, of our revenue from operations during period ended June 30, 2026 and in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Any decrease in revenue from operations from any of our key customers or any loss of these customers may adversely affect our business, financial condition, cash flows and results of operations.
- In the past our Company had negative cash flows from our operating activities, investing activities as well as financing activities, further, we may experience negative cash flows in the future.
- We have had instance of delays in payments of statutory dues by our Company. Any delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have an adverse impact on our business, financial condition, results of operations and cash flows.
- We derived 24.19 % of our revenue for the period June 30, 2026 and 28.55%, 30.60% and 29.44% of our revenue from operation from Haryana for the Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively. Any adverse developments, social and political developments and natural disaster affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
- Our Promoters have not created any pledge or encumbrance over their equity shareholding in our Company, however, any future pledge or encumbrance may adversely affect control, investor confidence and the market price of our Equity Shares.
Objectives Jindal Supreme (India) IPO
1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings
2. General Corporate Purposes
Company Contact Details
Jindal Supreme (India) Ltd. Address
9th KM O P Jindal Marg
Hisar Cantt Hisar, Haryana, 125006
Phone: 016 6223 6500
Email: janaksteel@gmail.com
Website: http://www.jindalsupreme.com/
Registrar Contact Details
Jindal Supreme (India) FAQs
The Jindal Supreme (India) IPO is a MAINBOARD public issue comprising 13428000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹124.88 Cr. The issue price has been fixed at ₹93 per equity share, and the minimum application size is 161 shares.
The IPO opens for subscription on 16 Sep 2026, and closes on 18 Sep 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹26.5 (28.49%).
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