
Minimum Investment
About Company
Company Name: Jindal Supreme (India) Limited
Industry / Sector: Iron & Steel Products / Steel Pipes & Tubes
Founded Year: March 1974
Promoters: Abhishek Jindal, Sonam Jindal
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.
IPO Basic Details
| Company Name | Jindal Supreme (India) Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹88 – ₹93 |
| Lot Size | 161 Shares |
| Total Issue Size | 1,34,28,000 Equity Shares (₹124.88 Cr) |
IPO Strengths & Risks
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
Risks
- Raw Material Volatility: Steel price movements can put pressure on margins.
- Single-Location Dependence: Manufacturing is concentrated at its Hisar facility, creating operational concentration risk.
- Supplier Concentration: Dependence on a limited group of suppliers could affect procurement continuity.
- Product Concentration: Revenue remains significantly linked to its core pipe products.
- Customer Dependence: Top 10 customers contributed 24.09% of revenue in Q1 FY27, creating some dependence on key buyers.
- Working Capital Needs: The business requires significant working capital, which can impact cash flows.
- Competitive Market: Competition in the pipes and steel products segment can pressure pricing and margins.
IPO Important Dates
| IPO Open Date | 16 Sep 2026 |
| IPO Close Date | 18 Sep 2026 |
| Basis of Allotment | 21 Sep 2026 |
| Refund Initiation | 22 Sep 2026 |
| Demat Credit Date | 22 Sep 2026 |
| Listing Date | 23 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | Not more than 50% of the Offer |
| Retail Quota | Not less than 35% of the Offer |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 161 | ₹14,973 |
| Retail Maximum | 13 Lots | 2093 | ₹1,94,649 |
| S-HNI Minimum | 14 Lots | 2254 | ₹2,09,622 |
| S-HNI Maximum | 66 Lots | 10626 | ₹9,88,218 |
| B-HNI Minimum | 67 Lots | 10787 | ₹10,03,191 |
Key Performance Indicators (KPI)
| ROE | 26.28% (FY26), 8.20% (Q1 FY27) |
| ROCE | 16.78% (FY26), 6.14% (Q1 FY27) |
| RoNW | - |
| PAT Margin | 3.33% (FY26), 4.33% (Q1 FY27) |
| EBITDA Margin | 6.16% (FY26), 7.20% (Q1 FY27) |
| EPS | ₹5.59 (Pre-IPO), ₹6.49 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 1.24 (FY26), 0.88 (Q1 FY27) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| Q1 FY2027 (Jun 30, 2026) | ₹232.65 Cr | ₹191.09 Cr | ₹8.28 Cr | ₹13.76 Cr | ₹105.02 Cr | ₹92.46 Cr |
| FY2026 (Mar 31, 2026) | ₹248.41 Cr | ₹675.94 Cr | ₹22.53 Cr | ₹41.63 Cr | ₹96.82 Cr | ₹119.87 Cr |
| FY2025 (Mar 31, 2025) | ₹200.33 Cr | ₹604.74 Cr | ₹24.27 Cr | ₹25.92 Cr | ₹74.64 Cr | ₹95.84 Cr |
| FY2024 (Mar 31, 2024) | ₹181.16 Cr | ₹650.88 Cr | ₹12.87 Cr | ₹21.11 Cr | ₹50.31 Cr | ₹104.92 Cr |
Grey Market Premium
| GMP Price | ₹27 (as of 15 Sep 2026) |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 15 Sep 2026 |
| Estimated Listing Price | ₹120 (approx. 29.03% premium over upper price band) |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: Not explicitly stated in the source
IPO Lead Manager(s)
Company Information
Address: 9th KM, O P Jindal Marg, Hisar Cantt, Hisar, Haryana - 125006
Website: Not explicitly stated in the source
Email: janaksteel@gmail.com
Phone: 016 6223 6500
IPO Documents
Frequently Asked Questions (FAQ)
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