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IPO Open

Wed, Sep 16, 2026

IPO Close

Fri, Sep 18, 2026

Price Band

₹88 to ₹93

Market Cap*

₹474.52 Cr * on Upper Price

IPO Details

  • IPO Date
    16 to 18 Sep, 2026
  • Listing Date
    Wed, Sep 23, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹88 to ₹93
  • Lot Size
    161 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    1,34,28,000 shares (agg. up to ₹125 Cr)
  • Fresh Issue
    1,07,41,149 shares (agg. up to ₹100 Cr)
  • Offer for Sale
    26,86,851 shares of ₹10 (agg. up to ₹25 Cr)
  • Share Holding Pre Issue
    4,02,82,620 shares
  • Share Holding Post Issue
    5,10,23,769 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, Sep 16, 2026
  • Allotment
    Mon, Sep 21, 2026
  • Credit of Shares
    Tue, Sep 22, 2026
  • IPO Close
    Fri, Sep 18, 2026
  • Refund
    Tue, Sep 22, 2026
  • Listing
    Wed, Sep 23, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Offer
Retail Not less than 35% of the Offer
NII Not less than 15% of the Offer

IPO Lot Size

Investors can bid for a minimum of 161 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 161 ₹14,973
Retail (Max) 13 2,093 ₹1,94,649
S-HNI (Min) 14 2,254 ₹2,09,622
S-HNI (Max) 66 10,626 ₹9,88,218
B-HNI (Min) 67 10,787 ₹10,03,191

About Jindal Supreme (India) Ltd.

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.(Updated on Sep 9, 2026)

Company Financials (Restated Consolidated)

Jindal Supreme (India) Ltd.’s revenue increased by 12% and profit after tax (PAT) dropped by 7% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

Period Ended 30 Jun 2026 31 Mar 2026 31 Mar 2025 31 Mar 2024
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 and Surplus 64.56 56.28 72.17 47.90
Total Borrowing 92.46 119.87 95.84 104.92

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Behari Lal Engineering Ltd. Mainboard ₹301.62 Cr ₹285 17.21 ₹502.20 +76.21% ₹451.05
Rajputana Stainless Ltd. Mainboard ₹254.98 Cr ₹122 21.1 ₹113.03 -7.35% ₹190.21
VMS TMT Ltd. Mainboard ₹148.50 Cr ₹99 22.24 ₹99.65 +0.66% ₹44.83

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Repayment/pre-payment, in full or in part, of certain outstanding borrowings
    71.00
  • 2 General Corporate Purposes
  • Total
    71.00

Key Performance Indicator (KPI)

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
ROE 8.20% 26.28%
ROCE 6.14% 16.78%
Debt/Equity 0.88 1.24
RoNW 8.20% 26.28%
PAT Margin 4.33% 3.33%
EBITDA Margin 7.20% 6.16%
NAV 26.07 24.04
Price to Book Value 3.57 3.87

 

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 5.59 6.49
P/E (x) 16.64 14.33
Market Cap at Offer Price ₹375Cr. ₹474.52 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 100% 73.68%
Public 26.32%
Total 100% 100%

Company Promoters: Abhishek Jindal and Sonam Jindal.

Offer For Sale – Selling Shareholder

Name Category No. of Shares Offered Amount (₹ cr.)
VVJ Enterprise Pvt.Ltd. Promoter 26,86,851 24.99
Total 26,86,851 24.99

Jindal Supreme IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Sarthi Capital Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Jindal Supreme (India) Ltd. Address
9th KM
O P Jindal Marg
Hisar Cantt
Hisar, Haryana, 125006

IPO FAQs

Jindal Supreme IPO is a main-board IPO of 1,34,28,000 equity shares of the face value of ₹10 aggregating up to ₹125 Crores. The issue is priced at ₹88 to ₹93. The minimum order quantity is 161.

The IPO opens on Wed, Sep 16, 2026, and closes on Fri, Sep 18, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Jindal Supreme IPO using UPI as a payment gateway. Angel One customers can apply in Jindal Supreme IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Jindal Supreme IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Jindal Supreme IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Jindal Supreme IPO opens on Wed, Sep 16, 2026 and closes on Fri, Sep 18, 2026.

Jindal Supreme IPO lot size is 161, and the minimum amount required for application is ₹14,973.

You can apply in Jindal Supreme IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Jindal Supreme IPO will be done on Monday, September 21, 2026, and the allotted shares will be credited to your demat account by Tue, Sep 22, 2026. Check the Jindal Supreme IPO allotment status.

The Jindal Supreme IPO listing date is not yet announced. The tentative date of listing is Wed, Sep 23, 2026.

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