- Issue price
- ₹93per share
- Issue size
- ₹124.88 Cr1,34,28,000 shares
- Face value
- ₹10per equity share
- Lot size
- 161 sharesMin. ₹14,973 at the upper price
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 1,07,41,149 shares (₹99.89 Cr)
- Offer for sale
- 26,86,851 shares (₹24.99 Cr)
- Total issue
- 1,34,28,000 shares (₹124.88 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- QIB50.0%
- Retail35.0%
- Big NII10.0%
- Small NII5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 46,99,800 | 35.00% | 35% |
| Non-institutional investors (NII) | 20,14,200 | 15.00% | 15% |
| Small NII (₹2–10 lakh) | 6,71,400 | 5.00% | — |
| Big NII (above ₹10 lakh) | 13,42,800 | 10.00% | — |
| Qualified institutional buyers (QIB) | 67,14,000 | 50.00% | 50% |
Source: ProspectusUpdated
Lot size
Amounts at ₹93 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 161 | ₹14,973 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26, pre-issue- EPS (basic)
- ₹5.59
- EPS (basic) (Period ended June 30, 2026 (not annualised))
- ₹2.05
- P/E (FY 2025-26 basic EPS at Floor Price)
- 15.74×
- P/E (FY 2025-26 basic EPS at Cap Price)
- 16.64×
- RoNW
- 26.28%
- ROCE
- 16.78%
- NAV per share (As at March 31, 2026)
- ₹24.04
- NAV per share (Period ended June 30, 2026)
- ₹26.07
- NAV per share (At Offer Price)
- ₹39.53
- Debt to equity
- 1.24
- EBITDA margin
- 6.16%
- PAT margin
- 3.33%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Jun 20263 months | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|---|
| Revenue from operations | 190.94 | 675.39 | 586.40 | 645.44 |
| Total income | 191.09 | 675.94 | 604.74 | 650.88 |
| EBITDA | 13.76 | 41.63 | 25.92 | 21.11 |
| Profit after tax | 8.28 | 22.53 | 24.27 | 12.87 |
| Net worth | 105.02 | 96.82 | 74.64 | 50.31 |
| Reserves and surplus | 64.74 | 56.54 | 72.72 | 48.39 |
| Total assets | 232.65 | 248.41 | 200.33 | 181.16 |
| Total borrowing | 92.46 | — | — | — |
FY 2025-26 vs FY 2024-25: revenue +15.2%, profit after tax −7.2%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company manufactures and supplies mild steel black and galvanised pipes and tubes, metal beam crash barriers and GI tubular poles. Its products serve water supply, infrastructure, road, oil and gas and electrification uses. Most revenue comes from direct sales to institutional and project buyers, with the rest coming through dealers, mainly in northern India.
- Incorporated
- 1974
- Industry
- Steel Pipes and Tubes
- CIN
- U27109HR1974PLC007126
- Website
- jindalsupreme.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Abhishek Jindal and Sonam Jindal (promoters, combined) | Promoter | 82.03% | — | — |
| VVJ Enterprise Private Limited (previously J J Jindal Infin Private Limited) | Promoter group | — | — | 26,86,851 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain outstanding borrowings | 71.00 |
| General corporate purposes | 16.85 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Jindal Supreme (India) LimitedIssuer | ₹5.59 | — | 26.28% | ₹24.04 |
| Vibhor Steel Tubes Limited | ₹4.64 | 23.06× | 4.57% | — |
| Sambhv Steel Tubes Limited | ₹1.81 | 65.55× | 18.35% | — |
| Hi-Tech Pipes Limited | ₹3.77 | 22.31× | 6.07% | — |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Founder-led business with a promoter who has long experience in steel pipe manufacturing.
- Dealer network of 53 dealers as of June 30, 2026, mainly in northern India.
- Product range spans pipes, metal beam crash barriers and GI tubular poles.
- Reported positive profit after tax in every period shown in the restated financials.
Risks
- All manufacturing is concentrated at a single facility in Hisar, Haryana.
- The business is working-capital intensive and relies on bank borrowings.
- Top 10 suppliers account for roughly 70% to 76% of purchases.
- Repayment of a large part of borrowings depends on the offer proceeds.
- Capacity utilisation of some products, such as MS galvanized pipes, has fallen in recent years.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹93) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Jindal Supreme (India) IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 16 September 2026 and closes on Friday, 18 September 2026.
What is the Jindal Supreme (India) IPO price band?
The final issue price is ₹93 per share.
What is the lot size of the Jindal Supreme (India) IPO?
One lot is 161 shares, which is ₹14,973 at ₹93 per share.
Where will Jindal Supreme (India) shares list?
On NSE and BSE. The tentative listing date is Wednesday, 23 September 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Jindal Supreme (India) IPO allotment status?
Search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹71 Cr for repayment or prepayment of certain outstanding borrowings, ₹16.85 Cr for general corporate purposes.
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