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IPO details · Updated

Jindal Supreme (India) Limited

ClosedMainboardNSE: JSIPL
Price Band
₹88 – ₹93
Lot Size
161 shares
Min. Investment
₹14,973
Issue Size
₹124.88 Cr
Offer Dates
16 Sept – 18 Sept 2026
Listing
23 Sept 2026

Issue Details

Full details →
Total Issue Size
₹124.88 Cr
1,34,28,000 shares
Fresh Issue
₹99.89 Cr
1,07,41,149 shares
Offer for Sale
₹24.99 Cr
26,86,851 shares
Face Value
₹10 per share
Issue Type
Book-built IPO
Listing At
BSE, NSE
Shares Pre-Issue
4,02,82,620
Shares Post-Issue
5,10,23,769

IPO Timeline

  1. Offer opens

    16 Sept 2026

  2. Offer closes

    18 Sept 2026

  3. Allotment· Today

    21 Sept 2026

  4. Listing

    23 Sept 2026

Issue Allocation

Share of the offer reserved for each investor category

  • Anchor30.0%40,28,400 shares
  • QIB20.0%26,85,600 shares
  • HNI15.0%20,14,200 shares
  • Retail35.0%46,99,800 shares

Subscription Status

Times subscribed by investor category

CategoryOfferedBidsSubscribed
QIB26,85,60033,94,88,625
126.41x
NII20,14,20066,06,43,214
327.99x
Retail46,99,80070,18,51,164
149.34x
Total93,99,6001,70,19,83,003
181.07x

Lot Size & Investment

1 lot = 161 shares

Retail (min)

1 lot · 161 shares

Retail (max)

13 lots · 2,093 shares

S-HNI (min)

14 lots · 2,254 shares

ApplicationLotsSharesAmount
Retail1161₹14,973
Small HNI (S-HNI)142,254₹2,09,622
Big HNI (B-HNI)6710,787₹10,03,191

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodJun-26Mar-26Mar-25Mar-24
Assets232.65248.41200.33181.16
Total Income191.09675.94604.74650.88
Profit After Tax8.2822.5324.2712.87
EBITDA13.7641.6325.9221.11
Net Worth105.0296.8274.6450.31
Reserves & Surplus64.5656.2872.1747.9
Total Borrowing92.46119.8795.84104.92

Key Performance Indicators

Key performance indicators
PeriodJun-26Mar-26
RoNW (%)8.226.28
EPS (₹)5.59
P/E (pre-issue)16.64
P/E (post-issue)14.33

Peer Comparison

Listed companies in the same business

CompanyP/EROE
Vibhor Steel Tubes Ltd23.064.57%
Sambhv Steel Tubes Ltd65.5518.35%
Hi-tech Pipes Ltd22.316.07%

About Jindal Supreme (India) Limited

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.

Objects of the Issue

  • Repayment/pre-payment, in full or in part, of certain outstanding borrowings (₹71.00 Cr)
  • General Corporate Purposes

Promoters

  • <p>Abhishek Jindal
  • Sonam Jindal</p>

Company Information

Book running lead managers
  • Sarthi Capital Advisors Pvt.Ltd.
Registered office
9th KM, O P Jindal Marg, Hisar Cantt, Hisar, Haryana, 125006

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.