Jindal Supreme (India) IPO
LISTEDMAINBOARDListing Performance
▲ 29.03%
Issue Price
₹93
Listing Price
₹120
Listed On
23 Sep 2026
- Price Band
- ₹88 – ₹93
- Lot Size
- 161
- Lot Value
- ₹14,973
- Open Date
- 16 Sep16 Sep 2026
- Close Date
- 18 Sep18 Sep 2026
- Min Investment
- ₹14,973
About Jindal Supreme (India)
Manufactures and sells Black Pipes, Galvanized Pipes, Metal Beam Crash Barriers, and GI Tubular Poles primarily to infrastructure, construction, and industrial sectors.
Use of IPO Proceeds
Promoters
Abhishek Jindal
Promoter and Managing Director
Pre-issue: 80.97% · Post-issue: 63.92%
Sonam Jindal
Promoter and Non-Executive Director
Pre-issue: 1.06%
Investment Analysis
Quick Analysis: 2 strengths · 6 risk factors· Exchange: Equity
Strengths (2)
- •Sole manufacturing facility in Hisar with established operational history.
- •Diversified product portfolio including Black Pipes, Galvanized Pipes, and specialized products.
Risk Factors (6)
- •First public issue with no established market for shares; price post-listing cannot be assured and trading may be inactive or unsustained.
- •Significant accounting differences between Ind AS, US GAAP, and IFRS may impact financial data interpretation and investor assessment.
- •Floor Price, Issue Price, or Price Band determined via Book Building should not be considered indicative of actual market price after listing.
- •Industry data gathered using non-standardized methodologies may differ from company financial information, creating comparability risks.
- •Investment in equity securities involves substantial risk; investors may lose entire investment if unable to afford potential loss.
- •SEBI has not recommended, approved, or guaranteed accuracy or adequacy of Prospectus contents regarding equity share offering.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 180.85x (QIB 126.41x, NII 327.91x, Retail 148.93x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | 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 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.02x | 12.50x | 126.41x |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | 11.43x | 39.61x | 148.93x |
| Total | 7.43x | 31.42x | 180.85x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
148.93x
Allotment Ratio
1 lot per 149 applicants
Allotment Probability
~0.7%
Non-Institutional Investors (NII / HNI)
Subscription
327.91x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
126.41x
Allotment Type
Discretionary allotment
Total Subscription
180.85x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
16 Sep 2026 · Wed
Issue Closes
18 Sep 2026 · Fri
Bidding Cut-off (UPI Mandate)
18 Sep 2026 · 5:00 PM IST
Allotment
21 Sep 2026 · Mon
Listing
23 Sep 2026 · Wed
Issue Opens
16 Sep 2026 · Wed
Issue Closes
18 Sep 2026 · Fri
Bidding Cut-off (UPI Mandate)
18 Sep 2026 · 5:00 PM IST
Allotment
21 Sep 2026 · Mon
Listing
23 Sep 2026 · Wed
IPO Details
| Registrar | Bigshare Services Private Limited |
| Exchange | Equity |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹124.88 Cr |
| Fresh Issue | ₹10.74 Cr |
| OFS Size | ₹2.69 Cr |
| Lead Managers | — |
3-Year Financial Summary
Revenue trend
↑ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 675.39 | 22.53 | — | — | — |
| FY25 | 586.4 | 24.27 | — | — | — |
| FY24 | 645.44 | 12.87 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 650.88 | 604.74 | 675.94 |
| Cash Flow — Operating | 20.2 | 5.74 | -5.69 |
| Cash Flow — Investing | -43.05 | 11.89 | -9.86 |
| Cash Flow — Financing | 22.87 | -17.66 | 15.54 |
From the company's offer document (DRHP/RHP); restated figures where available.
Check the valuation yourself
Company Fundamentals
13 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in Jindal Supreme (India)'s offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Jindal Supreme (India)'s filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Jindal Supreme (India)'s filing.
Source: Jindal Supreme (India) offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB50.00%
- NII / HNI15.00%
- Retail35.00%
OFS Selling Shareholders
- VVJ Enterprise Private Limited (previously known as J J Jindal Infin Private Limited)₹2.69 Cr
Source: Jindal Supreme (India) offer document (DRHP/RHP).
Board & Management
Board of Directors (5)
- Abhishek Jindal₹48.00 Cr p.a.
Managing Director
Associated with the Company since April 02, 2025
- Madan Gopal Babbar₹10.56 Cr p.a.
Whole Time Director
Associated with the Company since 1989 and appointed as Whole Time Director on August 27, 2025
- Sonam Jindal
Non-executive Director
- Vijay Kaushik
Independent Director
around 16 years of experience in the business line of manufacturing of ERW pipes and tubes
- Chiranji Lal Aggarwal
Independent Director
LLB from University of Calcutta in 1980 and Bachelor's degree in Commerce
more than 10 years in Steel industry
Key Managerial Personnel (4)
- Abhishek Jindal₹48.00 Cr p.a.
Managing Director
Associated with the Company since April 02, 2025
- Madan Gopal Babbar₹10.56 Cr p.a.
Whole Time Director
Associated with the Company since 1989
- Ashish Chugh₹0.12 Cr p.a.
Chief Financial Officer
Member of Institute of Chartered Accountants of India since October, 2015
over 7 years of experience in the field of finance and accounts
- Rajbir Sharma₹0.10 Cr p.a.
Company Secretary and Compliance Officer
Qualified Company Secretary with the ICSI
3 years of experience in handling secretarial functions of the Company
Source: Jindal Supreme (India) offer document (DRHP/RHP).
Industry & Market
Per Infomerics Analytics and Research Private Limited, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Jindal Supreme (India) Limited | — | 5.59 | 26.28 | — |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Criminal | Company | 2 | — |
| Civil | Company | 1 | 2.496 |
| Tax | Company | 2 | 0.001 |
| Tax | Directors | 3 | 0.154 |
| Statutory | Group | 1 | — |
| Criminal | Promoters | 1 | 0.5 |
| Tax | Promoters | 1 | 0.023 |
Criminal proceedings by the company Material civil litigation by the company Tax proceedings against the company Tax proceedings against directors (other than promoters) Statutory or regulatory proceedings against senior management Criminal proceedings by promoters Tax proceedings against promoters
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Bigshare Services Private Limited→Documents
Frequently Asked Questions
When is the Jindal Supreme (India) IPO opening?
The Jindal Supreme (India) IPO opens on 16 Sep 2026 and closes on 18 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Jindal Supreme (India) IPO?
The price band for the Jindal Supreme (India) IPO is ₹88 to ₹93. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Jindal Supreme (India) IPO?
The minimum lot size is 161 shares with a minimum investment of ₹14,973. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Jindal Supreme (India) IPO today?
The latest Grey Market Premium for Jindal Supreme (India) is ₹27 (+28.49%). GMP is unofficial data and is not a guarantee of listing price.
When will the Jindal Supreme (India) IPO list on NSE and BSE?
The Jindal Supreme (India) IPO is expected to list on 23 Sep 2026 on Equity. Actual listing day trading begins at the start of the normal market session.
How can I check the Jindal Supreme (India) IPO allotment status?
The registrar for this IPO is Bigshare Services Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Jindal Supreme (India) IPO a mainboard or SME issue?
Jindal Supreme (India) is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Jindal Supreme (India) IPO?
You can apply for the Jindal Supreme (India) IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Jindal Supreme (India) IPO?
The GMP-implied price (unofficial, not a forecast) is ₹120: the upper price band of ₹93 plus the latest grey market premium of ₹27, as of 25 Sep 2026, 05:30 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for Jindal Supreme (India) IPO?
Based on the retail subscription of 148.93x, the estimated allotment ratio is 1 lot per 149 applicants (approximately 0.7% chance of allotment). This is an estimate and actual allotment may vary.
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