IPO Details

Jindal Supreme (India) Limited IPO

Jindal Supreme (India) Limited logo
Mainboard IPO
₹14,168

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

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 NameJindal Supreme (India) Limited
IPO TypeMainboard IPO
Price Band₹88 – ₹93
Lot Size161 Shares
Total Issue Size1,34,28,000 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 Date16 Sep 2026
IPO Close Date18 Sep 2026
Basis of Allotment21 Sep 2026
Refund Initiation22 Sep 2026
Demat Credit Date22 Sep 2026
Listing Date23 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 QuotaNot more than 50% of the Offer
Retail QuotaNot less than 35% of the Offer
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum1 Lot161₹14,973
Retail Maximum13 Lots2093₹1,94,649
S-HNI Minimum14 Lots2254₹2,09,622
S-HNI Maximum66 Lots10626₹9,88,218
B-HNI Minimum67 Lots10787₹10,03,191

Key Performance Indicators (KPI)

ROE26.28% (FY26), 8.20% (Q1 FY27)
ROCE16.78% (FY26), 6.14% (Q1 FY27)
RoNW-
PAT Margin3.33% (FY26), 4.33% (Q1 FY27)
EBITDA Margin6.16% (FY26), 7.20% (Q1 FY27)
EPS₹5.59 (Pre-IPO), ₹6.49 (Post-IPO)
NAV per share-
Debt to Equity1.24 (FY26), 0.88 (Q1 FY27)
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
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 RateNot Available
Subject to SaudaNot Available
Last Updated15 Sep 2026
Estimated Listing Price₹120 (approx. 29.03% premium over upper price band)

IPO Subscription Data

Total SubscriptionPending
QIB (Ex Anchor)Pending
HNI SubscriptionPending
Retail SubscriptionPending
Anchor-

IPO Intermediaries

Registrar: Bigshare Services Pvt. Ltd.

Registrar Website: Not explicitly stated in the source

IPO Lead Manager(s)

Sarthi Capital Advisors Pvt. Ltd.

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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