About Jindal Supreme India IPO
Jindal Supreme (India) Limited, incorporated in March 1974, opens its IPO for public subscription from September 16, 2026, to September 18, 2026, at a price band of ₹88 to ₹93 per equity share of face value ₹10.
The IPO is a book-built issue of ₹124.88 crore, comprising a fresh issue of 1.07 crore equity shares worth ₹99.89 crore and an offer for sale of 26.87 lakh equity shares worth ₹24.99 crore.
Jindal Supreme India: IPO Date, Price, and Other Details
Here’s all you need to know about the details of the upcoming Jindal Supreme India IPO:
Particular | Detail |
Issue Size | ₹124.88 crore (1.34 crore equity shares) |
Offer Type | Book-built issue (fresh capital cum OFS) |
Fresh Issue | 1.07 crore shares (₹99.89 crore) |
Offer for Sale | 26.87 lakh shares (₹24.99 crore) |
Face Value | ₹10 per equity share |
Price Band | ₹88 to ₹93 per share |
IPO Open Date | September 16, 2026 |
IPO Close Date | September 18, 2026 |
Basis of Allotment | September 21, 2026 |
Lot Size | 161 shares |
Refunds | September 22, 2026 |
Credit to Demat Account | September 22, 2026 |
Listing Date | September 23, 2026 |
Minimum Investment (Retail) | ₹14,973 |
Book Running Lead Manager | Sarthi Capital Advisors Pvt. Ltd. |
Registrar | Bigshare Services Pvt. Ltd. |
Listing Exchanges | BSE, NSE |
Lot Size and Application Amounts to Apply in Jindal Supreme IPO
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 |
(Note: Amounts are calculated at the upper end of the price band.)
Jindal Supreme India IPO Reservation: Who Can Apply?
The Jindal Supreme India IPO has the following investor category reservation:
Investor Category | Portion of Net Issue |
Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Issue |
Retail Individual Investors | Not less than 35% of the Net Issue |
Non-Institutional Investors (NII) | Not less than 15% of the Net Issue |
Strengths and Risks of Jindal Supreme India IPO
Every business has its strengths and risks, and Jindal Supreme India is no different. Here is a brief business analysis below.
Strengths
- Diversified Product Portfolio: Pipes, crash barriers, and GI tubular poles serve multiple end-use sectors.
- Expanding Distribution: Dealer network grew from 34 to 53 between FY24 and FY26.
- Growing Capacity: Jindal Supreme has an installed capacity of 1.71 lakh MTPA supports scale-up.
- Improving Profitability: PAT increased from ₹0.63 Cr in FY23 to ₹24.27 Cr in FY25.
- Infrastructure-Focused Demand: Exposure to construction, water, agriculture, and infrastructure projects.
- Debt Reduction: 71% of the fresh issue is proposed for debt repayment/prepayment.
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 Objectives – How Will the Funds Be Used?
Of the Jindal Supreme IPO proceeds, ₹24.99 crore in offer-for-sale proceeds will accrue to the selling shareholders, and the company will receive nothing.
Issue Objects | Est. Amount (₹ crore) |
Repayment and/or pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | 71.00 |
General corporate purposes | Balance |
Promoter Shareholding of Jindal Supreme India
The promoters of Jindal Supreme (India) Limited are Abhishek Jindal and Sonam Jindal.
Category | Pre-IPO |
Promoter and Promoter Group | 100% |
Public | Nil |
Total | 100% |
Financial Performance of Jindal Supreme India (₹ in crores)
Here's the table outlining the financial performance of Jindal Supreme (India) Limited for FY 2025 and FY 2026.
Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 |
Assets | 232.65 | 248.41 | 200.33 |
Total Income | 191.09 | 675.94 | 604.74 |
Profit After Tax | 8.28 | 22.53 | 24.27 |
EBITDA | 13.76 | 41.63 | 25.92 |
NET Worth | 105.02 | 96.82 | 74.64 |
Reserves and Surplus | 64.56 | 56.28 | 72.17 |
Total Borrowing | 92.46 | 119.87 | 95.84 |
Key Performance Indicators of Jindal Supreme India
Based on the financials available in the RHP, the following key performance metrics of Jindal Supreme India IPO can be considered.
KPI | As of June 2026 | FY 2026 |
Return on Equity (ROE) | 8.20% | 26.28% |
Return on Capital Employed (ROCE) | 6.14% | 16.78% |
Return on Net Worth (RoNW) | 8.20% | 26.28% |
Debt / Equity | 0.88 | 1.24 |
EBITDA Margin | 7.20% | 6.16% |
PAT Margin | 4.33% | 3.33% |
Registrar of Jindal Supreme India IPO
The Registrar of Jindal Supreme India IPO is Bigshare Services Pvt. Ltd.
Phone: 8657578989 / 022-6263 8200
Email: ipo@bigshareonline.com
Allotment status: https://ipo.bigshareonline.com/IPO_Status.html
Lead Manager of Jindal Supreme India IPO
Sarthi Capital Advisors Pvt. Ltd. is the sole book-running lead manager to the Jindal Supreme India IPO.
