← Back to IPOs
Jindal Supreme (India) IPO
📅 Founded: 1974
📍 Hisar, Haryana
👥 242 employees
🌐 jindalsupreme.com
📋 Face Value: ₹10
🏦 Market Cap: ₹643 Cr
Price Band
₹88 – ₹93
Issue Size
₹124.88 Cr
Lot Size
161 shares
Min. Investment
₹14,973
GMP
+₹27 (+29%)
Est. Return
+29%
Listing Date
23 Sep 2026
Registrar
Bigshare Services
Jindal Supreme (India) IPO at a glance
Jindal Supreme (India) IPO was a mainboard issue of ₹124.88 Cr at a price band of ₹88 – ₹93 per share, open from 16 Sep 2026 to 18 Sep 2026. It was subscribed 2.36 times overall (QIB 0.01x, NII 1.98x, retail 4.04x). The shares listed on BSE, NSE on 23 Sep 2026 at ₹120, a listing gain of 29.0% against the issue price of ₹93.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Very High Interest
GMP: +29% above issue price
⭐ Overall Signal
High Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
2.36x subscribed
Issue Details
Fresh Issue₹99.89 Cr
Offer for Sale (OFS)₹24.99 Cr
Total Issue Size₹124.88 Cr
Face Value₹10
Market Cap (at issue)₹643 Cr
Listing ExchangeBSE, NSE
📅 Open Date16 Sep 2026
🔒 Close Date18 Sep 2026
✂️ Cut-off Price Date18 Sep 2026
🎟️ Allotment Date21 Sep 2026
💸 Refund Initiation22 Sep 2026
📂 Demat Credit22 Sep 2026
📈 Listing Date23 Sep 2026
Objects of the Issue
- 💰 Repayment of borrowings — ₹71 Cr
- 💰 General corporate purposes — ₹16.85 Cr
About the Company
Jindal Supreme (India), based in Hisar, Haryana, manufactures steel pipes and tubes for infrastructure and industrial use. Its range includes mild steel and galvanised pipes, crash barriers and tubular poles used in water supply, roads, construction and electrification.
Strengths
- ✅ Makes MS black and galvanised pipes, crash barriers and GI poles
- ✅ Long operating history since 1974
- ✅ Network of 53 dealers
Risk Factors
- ⚠️ Net margin of about 3% is thin
- ⚠️ PAT slipped in FY26 despite higher income
- ⚠️ Steel prices drive both costs and selling prices
- ⚠️ Competes with large, established pipe makers
Subscription Status
2.36x Overall
QIB: 0.0x
NII: 2.0x
RII: 4.0x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for Mainboard IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
100%
Pre-IPO
→ -26.3%
73.68%
Post-IPO
Founders & Leadership
AJ
Abhishek Jindal
Promoter
Promoter of the company
SJ
Sonam Jindal
Promoter
Promoter of the company
IPO Timeline
✓
Open Date
16 Sep 2026
✓
Close Date
18 Sep 2026
✓
Allotment Date
21 Sep 2026
✓
Listing Date
23 Sep 2026
Key Financials
Revenue₹675.94 Cr
PAT₹22.53 Cr
EPS₹6.49
P/E Ratio14.33x
ROE8.2%
Market Cap₹643 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 675.94 | 604.74 | 650.88 |
| Profit After Tax | 22.53 | 24.27 | 12.87 |
| EBITDA | 41.63 | 25.92 | 21.11 |
| Net Worth | 96.82 | 74.64 | 50.31 |
| Total Borrowing | 119.87 | 95.84 | 104.92 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 23.27 | 32.52 |
| EBITDA Margin (%) | 6.16 | 4.29 |
| Debt / Equity | 1.24 | 1.28 |
| Net Worth (Rs. Cr) | 96.82 | 74.64 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹6.49 | — |
| P/E (x) | 14.33x | — |
| ROE (%) | 8.2% | — |
| Promoter Holding | 100% | 73.68% |
| Market Cap | ₹643 Cr | |
IPO Registrar
Jindal Supreme (India) IPO FAQs
Jindal Supreme (India) IPO is a mainboard IPO with an issue size of ₹124.88 Cr at a price band of ₹88 – ₹93. Minimum lot size is 161 shares (minimum investment ~₹14,973). Opened on 16 Sep 2026 and closed on 18 Sep 2026. Listed on BSE, NSE. Registrar: Bigshare Services.