IPO details · Updated
Jindal Supreme (India) Limited
- Price Band
- ₹88 – ₹93
- Lot Size
- 161 shares
- Min. Investment
- ₹14,973
- Issue Size
- ₹124.88 Cr
- Offer Dates
- 16 Sept – 18 Sept 2026
- Listing
- 23 Sept 2026
Issue Details
- Total Issue Size
- ₹124.88 Cr
- 1,34,28,000 shares
- Fresh Issue
- ₹99.89 Cr
- 1,07,41,149 shares
- Offer for Sale
- ₹24.99 Cr
- 26,86,851 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 4,02,82,620
- Shares Post-Issue
- 5,10,23,769
IPO Timeline
Offer opens
16 Sept 2026
Offer closes
18 Sept 2026
Allotment· Today
21 Sept 2026
Listing
23 Sept 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor30.0%40,28,400 shares
- QIB20.0%26,85,600 shares
- HNI15.0%20,14,200 shares
- Retail35.0%46,99,800 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 26,85,600 | 33,94,88,625 | 126.41x |
| NII | 20,14,200 | 66,06,43,214 | 327.99x |
| Retail | 46,99,800 | 70,18,51,164 | 149.34x |
| Total | 93,99,600 | 1,70,19,83,003 | 181.07x |
Lot Size & Investment
1 lot = 161 shares
Retail (min)
1 lot · 161 shares
Retail (max)
13 lots · 2,093 shares
S-HNI (min)
14 lots · 2,254 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 161 | ₹14,973 |
| Small HNI (S-HNI) | 14 | 2,254 | ₹2,09,622 |
| Big HNI (B-HNI) | 67 | 10,787 | ₹10,03,191 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| 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 | 47.9 |
| Total Borrowing | 92.46 | 119.87 | 95.84 | 104.92 |
Key Performance Indicators
| Period | Jun-26 | Mar-26 |
|---|---|---|
| RoNW (%) | 8.2 | 26.28 |
| EPS (₹) | — | 5.59 |
| P/E (pre-issue) | — | 16.64 |
| P/E (post-issue) | — | 14.33 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Vibhor Steel Tubes Ltd | 23.06 | 4.57% |
| Sambhv Steel Tubes Ltd | 65.55 | 18.35% |
| Hi-tech Pipes Ltd | 22.31 | 6.07% |
About Jindal Supreme (India) Limited
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. Competitive Strengths Strong dealer and customer relationships. Strategic location of manufacturing facility. Track record of healthy financial performance. Experienced promoter and professional management team. Diversified product portfolio with customisation capabilities. Established presence in steel pipes and tubes manufacturing.
Objects of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings (₹71.00 Cr)
- General Corporate Purposes
Promoters
- <p>Abhishek Jindal
- Sonam Jindal</p>
Company Information
- Book running lead managers
- Sarthi Capital Advisors Pvt.Ltd.
- Registered office
- 9th KM, O P Jindal Marg, Hisar Cantt, Hisar, Haryana, 125006
Official Documents
Opens the source filing in a new tab
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