Jindal Supreme (India) IPO Details Details

Jindal Supreme IPO is a book-built issue of ₹124.88 crore, comprising a fresh issue of approximately 1.07 crore shares aggregating to ₹99.89 crore and an Offer for Sale (OFS) of approximately 26.87 lakh shares aggregating to ₹24.99 crore. The IPO will open for subscription on September 16, 2026, and close on September 18, 2026. The basis of allotment is expected to be finalized on September 21, 2026, while the shares are tentatively scheduled to list on the BSE and NSE on September 23, 2026. The price band for the Jindal Supreme IPO has been fixed at ₹88–₹93 per share. The minimum application lot size is 161 shares, requiring a minimum investment of ₹14,973 for retail investors at the upper end of the price band. Sarthi Capital Advisors Pvt. Ltd. is acting as the Book Running Lead Manager (BRLM) to the issue, while Bigshare Services Pvt. Ltd. is the registrar. Investors should refer to the company’s Red Herring Prospectus (RHP) for detailed information regarding its business operations, financial performance, risk factors, objects of the issue and other material disclosures before making an investment decision.

IPO Details

IPO Date 16 Sep 26
Listing Date 23 Sep 26
Face Value ₹10 per share
Price Band ₹88 to ₹93
Lot Size 161
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At NSE, BSE
Total Issue Size ₹125 Cr
Fresh Issue
₹100 Cr
Offer for Sale
Share Holding Pre Issue 4,02,82,620 shares
Share Holding Post Issue 5,10,23,769 shares

IPO DRHP Status

Description Details

IPO Reservation

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

About Jindal Supreme (India) IPO Details.


Incorporated in March 1974, Jindal Supreme (India) Limited is engaged in the manufacturing and supply of steel pipes, tubes and other steel products catering to infrastructure and industrial applications. With an operating track record of over five decades, the Company has established a presence across multiple end-user industries. The Company’s product portfolio primarily comprises 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 in accordance with applicable Indian Standards and cater to a wide range of applications, including water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification. Over the years, Jindal Supreme has progressively diversified its product portfolio to capitalize on emerging infrastructure opportunities. In Fiscal 2025, the Company commenced manufacturing W-beam and Thrie-beam metal crash barriers, which are primarily used for road safety and highway infrastructure projects. It further expanded its portfolio in Fiscal 2026 by commencing the manufacturing of GI tubular poles used in street lighting, electrification projects and other public utility infrastructure. Business Model and Distribution Network Jindal Supreme primarily operates through a business-to-business (B2B) model. The Company sells its products directly to institutional and industrial customers, including infrastructure contractors, while also catering to customers through an established dealer network. Over the years, the Company has developed a dealer network primarily across the northern states of India. Its growth strategy includes expanding its dealer base, strengthening relationships with existing dealers and increasing sales volumes through its distribution network. As of June 30, 2026, the Company had a network of 53 dealers. Manufacturing Infrastructure The Company’s manufacturing facility is located in Hisar, Haryana. The facility is equipped with mills, welding plants, galvanizing plants and other manufacturing machinery required for the production of its steel products. Its manufacturing infrastructure is supported by an in-house maintenance workshop and testing equipment, enabling the Company to undertake maintenance and quality-control activities internally. The strategic location of the facility also provides access to key markets across northern India and supports the Company’s dealer and customer network. Workforce As of June 30, 2026, Jindal Supreme had 242 employees supporting its manufacturing, sales, distribution and other business operations. Competitive Strengths Established operating track record of over five decades in the steel pipes and tubes industry. Diversified product portfolio catering to multiple infrastructure and industrial applications. Strong and long-standing relationships with dealers and customers. Strategically located manufacturing facility in Hisar, Haryana. Established dealer network, particularly across northern India. Product customization capabilities to meet customer-specific requirements. Track record of healthy financial performance. Experienced promoters supported by a professional management team. Expansion into emerging infrastructure segments such as road safety barriers and public utility infrastructure.

Company Financials (Restated)

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
Amount in ₹ Crore

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 0.00

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
ROE 8.20%% 26.28%%
ROCE 6.14%% 16.78%%
Debt/Equity - -
RoNW 8.20%% 26.28%%
PAT Margin 4.33%% 3.33%%
EBITDA Margin 7.20%% 6.16%%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 5.59 6.49
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.

IPO Registrar

  • Bigshare Services Pvt.Ltd.
  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)


Lead Manager Reports

Contact Details

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

IPO FAQs

  • What is the Aureate Tradde IPO?

    Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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