Jindal Supreme (India) Limited IPO
Open now16–18 Sep 2026
Latest update:
GMP +18.3% (₹17) · Price band ₹88–₹93 · Closes 18 Sep 2026 · Allotment 21 Sep 2026 (Confirmed) · Lists 23 Sep 2026 (Expected)
What Jindal Supreme (India) Limited does
Our company is engaged in the manufacturing and supply of a different range of steel pipes, tubes and catering to the requirements of multiple infrastructure and industrial applications. Our product portfolio includes Mild Steel (MS) black pipes, tubes, galvanized pipes, metal beam crash barriers, and galvanized iron (GI) tubular poles.
Jindal Supreme (India) Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY24 | FY25 | FY26 | ||
|---|---|---|---|---|
| Sales | 645 | 586 | 675 | |
| Operating Profit | — | — | — | |
| OPM % | — | — | — | |
| Net Profit | — | — | — | |
| Total Debt | 105 | 96 | 120 |
Jindal Supreme (India) Limited IPO offer structure
Total: ₹125 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company: ₹71 cr
- General Corporate Purposes
Jindal Supreme (India) Limited promoters and holding
- Abhishek Jindal: Chairman & Managing Director
- Sonam Jindal: Non-executive Director
Jindal Supreme (India) Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Led by qualified and experienced Promoter and supported by a professional management team and strong corporate governance (p.185)
- The location of our Manufacturing plant enables cost and logistical advantages being in proximity to manufacturing plants of our customers (p.185)
- We have established a track record of healthy revenue growth and profitability (p.185)
- Operations at our Manufacturing Facility are concentrated at a single location in Hisar, Haryana, and our business is dependent on this facility (p.29)
- 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 (p.35)
- Our top 10 suppliers contribute 72.31%, 76.23%, 70.92% and 75.73%, of our purchase (p.31)
- Our production costs are vulnerable to fluctuations in the prices of raw materials, especially Mild Steel Coils, MS Hot-Rolled Coil, and Galvanizing Materials (p.33)
- Our revenue from operations depends on sale of Black Pipes and Galvanized Pipes (p.34)
Jindal Supreme (India) Limited peer comparison
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Vibhor Steel Tubes Limited | Rs 115.8 -1.9% | — | 4.2% | 4.2% | live |
| Sambhv Steel Tubes Limited | Rs 128.7 -1.9% | 23.0x | 13.7% | — | live |
| Hi-Tech Pipes Limited | Rs 73.57 -3.7% | 19.9x | 3.5% | 9.0% | live |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Jindal Supreme (India) Limited market and competition
We face competition from domestic manufacturers of ERW/MS black pipes/tubes MS galvanised pipes/tubes, GI tubular poles and Metal beam crash barriers. Our peers are Hariom Pipe Industries Limited, Sambhv Steel Tubes Limited, JTL Industries Limited, Hi-Tech Pipes Limited and APL Apollo Tubes Limited.
Jindal Supreme (India) Limited outlook, as the document states it
Jindal Supreme plans to further expand tube mill capacity over the medium term, double crash barrier output to meet highway and industrial corridor demand and enhance galvanization throughput. Future focus areas include process automation, Industry 4.0 adoption, and expansion of the distributor network.
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Jindal Supreme (India) Limited IPO: common questions
What is the Jindal Supreme (India) Limited IPO GMP (grey-market premium) today?
As of 16 Sep 2026 the indicative grey-market premium (GMP) for the Jindal Supreme (India) Limited IPO is +18.3% from a single grey-market source. GMP is unregulated and self-reported, so treat it as a sentiment signal, never a guarantee. For context, across the 19 IPOs we have tracked from a pre-listing GMP quote through to the actual listing, grey-market premium pointed the right way 79% of the time. Never decide on GMP alone.
When does the Jindal Supreme (India) Limited IPO open and close?
The Jindal Supreme (India) Limited IPO is open from 16 Sep 2026 to 18 Sep 2026.
What is the Jindal Supreme (India) Limited IPO price band?
The price band is ₹88–₹93 per share.
What is the lot size and minimum investment for the Jindal Supreme (India) Limited IPO?
One lot is 161 shares, and a retail application must be at least one lot. That is about ₹14,973 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
When are the Jindal Supreme (India) Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 21 Sep 2026, refund/unblock around 22 Sep 2026 and listing around 23 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Jindal Supreme (India) Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 505 mainboard IPOs that have listed on the NSE since 2003, 359 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.