Jindal Supreme (India) IPO
Bookbuilding IPO | ₹125.00 Cr | Listing at BSE, NSE
Upcoming
IPO Open
Wed, Sep 16, 2026
IPO Close
Fri, Sep 18, 2026
Price Band
₹88.00 to ₹93.00
Market Cap (Pre-IPO)
₹474.52 Cr
IPO Details
| IPO Date | Sep 16, 2026 to Sep 18, 2026 |
| Listing Date | Tentative: Sep 23, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹88.00 to ₹93.00 |
| Lot Size | 161 Shares (Minimum: ₹14,973.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹125.00 Crores |
| Total Shares Offered | 13,428,000 shares |
| Fresh Issue | 10,741,149 shares |
| Offer For Sale | 2,686,851 shares |
Jindal Supreme (India) 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 |
Jindal Supreme (India) 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 | ₹194,649 |
| S-HNI (Min) | 14 | 2,254 | ₹209,622 |
| S-HNI (Max) | 66 | 10,626 | ₹988,218 |
| B-HNI (Min) | 67 | 10,787 | ₹1,003,191 |
Jindal Supreme (India) Financial Information (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.
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 26.28% |
| ROCE (Return on Capital Employed) | 16.78% |
| Debt/Equity | 1.24 |
| RoNW (Return on Net Worth) | 26.28% |
| PAT Margin (Profit After Tax Margin) | 3.33% |
| EBITDA Margin | 6.16% |
| Price to Book Value | 3.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.59 | 6.49 |
| P/E (x) | 16.64 | 14.33 |
Company Overview
Jindal Supreme (India) Limited – Company Overview
- Jindal Supreme (India) Limited was incorporated in March 1974 and has been engaged in the manufacturing and supply of steel pipes, tubes, and other steel products for over five decades.
- The company caters to infrastructure and industrial applications across various sectors.
- Its product portfolio includes:
- Mild Steel (MS) black pipes and tubes
- Galvanized pipes
- Metal beam crash barriers
- Galvanized Iron (GI) tubular poles
- These products are manufactured in various dimensions as per applicable Indian Standards and are used in water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture, rural electrification, and 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, the company 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.
- Its manufacturing facility is located in Hisar, Haryana, and is equipped with mills, welding plants, galvanizing plants, machinery, 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 sales volumes from existing dealers.
- As of June 30, 2026, the company had 53 dealers and an employee base of 242 employees.
Company 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.
Use of Proceeds
| 1) | Repayment/pre-payment, in full or in part, of certain outstanding borrowings | 71.00 |
| 2) | General Corporate Purposes | |
| Total | 71.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Jindal Supreme (India) IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Jindal Supreme (India) Ltd. | 5.59 | - | - | - | 26.28 | - | - |
| Vibhor Steel Tubes Ltd | 4.64 | - | - | 23.06 | 4.57 | - | - |
| Sambhv Steel Tubes Ltd | 1.81 | - | - | 65.55 | 18.35 | - | - |
| Hi-tech Pipes Ltd | 3.77 | - | - | 22.31 | 6.07 | - | - |
Quick Info
| Sector | iron and steel manufacturing |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹474.52 Cr |
Important Dates
| IPO Open | Sep 16, 2026 |
| IPO Close | Sep 18, 2026 |
| Allotment Date | Sep 21, 2026 |
| Credit to Demat | Sep 22, 2026 |
| Listing Date | Tentative: Sep 23, 2026 |
Lead Manager(s)
Sarthi Capital Advisors Pvt.Ltd.
Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
Description
- IPO Type: Book build issue aggregating to ₹124.88 crores.
- Issue Structure: The issue is a combination of a fresh issue of 1.07 crore shares aggregating to ₹99.89 crores and an offer for sale of 26.87 lakh shares aggregating to ₹24.99 crores.
- IPO Dates: The issue opens for subscription on September 16, 2026 and closes on September 18, 2026.
- Allotment Date: The allotment is expected to be finalized on September 21, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on September 23, 2026.
- Retail Investment Requirement: Minimum 1 lot (161 shares) amounting to approximately ₹14,973 at the upper price band.
- Issue Price Band: ₹88 to ₹93 per equity share.
- Lot Size: 161 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.