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Jindal Supreme (India) IPO: GMP Today, Price, Dates, Lot Size, Allotment and Review
Jindal Supreme (India) IPO is an upcoming mainboard IPO opening from 16 to 18 September 20...
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Mainboard IPO
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Jindal Supreme (India) IPO
Jindal Supreme (India) IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹30
+32.3%
Est. Listing: ₹123.00
Price Band
₹88 - ₹93
Per equity share
Lot Size
161 Shares
Min Invest: ₹14,973
Issue Size
₹124.88 Cr
Fresh: ₹99.89 Cr
Issue Dates
15 September 2026 – 17 September 2026
Bidding period
Subscription
181.07x
Total overall demand
Jindal Supreme (India) IPO Details
Key facts at a glance| IPO Open Date | 15 September 2026 | IPO Close Date | 17 September 2026 |
|---|---|---|---|
| Basis of Allotment | 20 September 2026 | Listing Date | 22 September 2026 |
| Price Band | ₹88 - ₹93 per share | Face Value | ₹10 per share |
| Market Lot Size | 161 Shares | Min Investment (Retail) | ₹14,973 |
| Total Issue Size | ₹124.88 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹99.89 Cr | Offer for Sale (OFS) | ₹24.99 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Jindal Supreme (India) IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 15 September 2026 | Confirmed |
| IPO Close Date | 17 September 2026 | Confirmed |
| Basis of Allotment | 20 September 2026 | Tentative |
| Initiation of Refunds | 22 September 2026 | Tentative |
| Credit of Shares to Demat | 22 September 2026 | Tentative |
| IPO Listing Date | 22 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 18 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Jindal Supreme (India) IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 161 Shares | ₹14,973 |
| Retail (Max) | 13 Lots | 2,093 Shares | ₹1,94,649 |
| S-HNI (Min) | 14 Lots | 2,254 Shares | ₹2,09,622 |
| S-HNI (Max) | 66 Lots | 10,626 Shares | ₹9,88,218 |
| B-HNI (Min) | 67 Lots | 10,787 Shares | ₹10,03,191 |
Jindal Supreme (India) IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹30 +32.3%
Estimated Listing Price
₹123.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 18 Sept 2026 | ₹32 | ₹125.00 | +34.41% |
| 17 Sept 2026 | ₹25 | ₹118.00 | +26.88% |
| 16 Sept 2026 | ₹27 | ₹120.00 | +29.03% |
| 11 Sept 2026 | ₹0 | ₹93.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Jindal Supreme (India) IPO Subscription Status
Demand breakdown by investor category
Retail
149.34x
QIB
126.41x
NII / HNI
327.99x
Total
181.07x
Jindal Supreme (India) Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 181.16 Cr. | 650.88 Cr. | 635.80 Cr. | 12.87 Cr. |
| 2025 | 200.33 Cr. | 604.74 Cr. | 572.35 Cr. | 24.27 Cr. |
| 2026 | 248.41 Cr. | 675.94 Cr. | 645.79 Cr. | 22.53 Cr. |
| June 2026 | 232.65 Cr. | 191.09 Cr. | 180.05 Cr. | 8.28 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Jindal Supreme (India) IPO Valuation & KPIs
Key metrics pre-issue
EPS
5.59 (Basic)
P/E Ratio
N/A
RoNW
26.28%
NAV per share
₹24.04
RoCE
16.78%
RoE
26.28%
Debt to Equity
1.24
PAT Margin
3.33%
EBITDA Margin
6.16%
Jindal Supreme (India) Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Vibhor Steel Tubes Limited | 23.06 | 4.64 | 4.57% | – | 8.79 Cr. |
| Sambhv Steel Tubes Limited | 65.55 | 1.81 | 18.35% | – | 142.15 Cr. |
| Hi-Tech Pipes Limited | 22.31 | 3.77 | 6.07% | – | 76.16 Cr. |
About Jindal Supreme (India)
Jindal Supreme (India) manufactures and supplies various steel products, primarily focusing on Mild Steel (MS) black pipes and tubes, MS galvanized pipes and tubes, metal beam crash barriers, and galvanized iron (GI) tubular poles. Operating from a single manufacturing facility in Hisar, Haryana, the company uses processes such as coil slitting, forming, degreasing, fluxing, and galvanizing to create products used across infrastructure, construction, plumbing, and rural electrification sectors. The company relies heavily on the demand for its core Black Pipes and Galvanized Pipes, which account for a significant portion of its sales. It serves its customer base through an established dealer network primarily in Northern India. Jindal Supreme (India) meets its raw material requirements by procuring mild steel coils, hot-rolled coils, and galvanizing materials from multiple suppliers.
Key Strengths
- Founder-led management team with extensive industry expertise.
- Well-established distribution network featuring 53 dealers across Northern India.
- Diversified steel product portfolio mitigating reliance on a single segment.
- Robust manufacturing capabilities with a total installed capacity of 1,71,000 MTPA.
- Strategically located manufacturing facility in Hisar, Haryana, for operational efficiency.
Key Risks
- Geographic concentration risk due to relying on a single manufacturing facility in Haryana.
- Heavy reliance on the top 10 suppliers for over 70% of total raw material purchases.
- Profit margins are highly vulnerable to price volatility in key steel raw materials.
- Significant revenue dependence on the market demand for Black and Galvanized Pipes.
- Customer concentration risk, as top buyers contribute a substantial portion of total revenue
Jindal Supreme (India) IPO Reservation & Share Quotas
The Jindal Supreme IPO reservation is divided among qualified institutional buyers, non-institutional investors and retail investors. As per the current issue structure, 50% of the shares are reserved for QIB investors excluding the anchor portion, while NII investors and retail investors are allocated 15% and 35%, respectively.
The anchor investor allocation and share quantities for the other categories are currently shown as pending. The final number of shares available to each category will depend on the issue structure and the final prospectus details.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: Reservation figures are based on the current Jindal Supreme IPO information provided above and may be updated with the final issue details.
Jindal Supreme (India) IPO Anchor Investors
Jindal Supreme IPO anchor investor bidding is scheduled for September 15, 2026, one day before the public issue opens. The anchor allocation process allows eligible institutional investors to participate before the issue opens for other investor categories.
The number of shares offered and the total anchor size are currently shown as pending. The anchor investor list and final allocation details can be updated once the relevant issue documents are available.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 15, 2026 |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date 50% Shares (90 Days) | 2026 |
Note: Anchor investor allocation figures are based on the current Jindal Supreme IPO information provided above and may be updated after the final anchor allocation is announced.
Jindal Supreme (India) IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 16 Sept 2026 |
| IPO Close Date | 18 Sept 2026 |
| Basis of Allotment | 21 Sept 2026 |
| Refunds | 22 Sept 2026 |
| Credit to Demat Account | 22 Sept 2026 |
| IPO Listing Date | 23 Sept 2026 |
Note: The timeline for जिंदल सुप्रीम (भारत) IPO is tentative and subject to change.
Jindal Supreme (India) Promoters and Shareholding Pattern
The promoter of Jindal Supreme is Abhishek Jindal. The company's shareholding pattern shows the ownership held by the promoter and promoter group before the IPO and the expected holding after the issue.
Before the IPO, the promoter and promoter group hold 100% of the company's shares. Following the IPO, their holding is expected to reduce to 73.68%, while the remaining 26.32% will be held by other shareholders.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 4,02,82,620 | 100% | 37,595,769 | 73.68% |
| Others* | – | -% | 13,428,000 | 26.32% |
| Total | 4,02,82,620 | 100% | 51,023,769 | 100% |
Note: The holding pattern is based on the shareholding details provided above and represents the pre-IPO and post-IPO ownership structure.
Jindal Supreme (India) Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Repayment/pre-payment of certain outstanding borrowings | 71 (71.08%) |
| General corporate purposes | 28.89 (28.92%) |
Note: Objectives are as specified in the DRHP/RHP documents of जिंदल सुप्रीम (भारत).
Jindal Supreme (India) About the IPO
Jindal Supreme, founded in March 1974, is one of the leading manufacturers and suppliers of steel pipes, tubes, and other steel products. 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 used in various applications such as water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among others.
Moreover, in FY25, Jindal started to manufacture W-beam and Thrie-beam metal crash barriers used on highways and roads to improve safety. Later, in FY26, it started making GI tubular poles used for street lighting. Its manufacturing facility is located in Hisar which is equipped with mills, welding plants, galvanizing plants, and other machinery.
Jindal Supreme (India) Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 650.88 Cr. | 635.80 Cr. | 12.87 Cr. | 181.16 Cr. |
| 2025 | 604.74 Cr. | 572.35 Cr. | 24.27 Cr. | 200.33 Cr. |
| 2026 | 675.94 Cr. | 645.79 Cr. | 22.53 Cr. | 248.41 Cr. |
| June 2026 | 191.09 Cr. | 180.05 Cr. | 8.28 Cr. | 232.65 Cr. |
Note: Financial numbers for जिंदल सुप्रीम (भारत) are in ₹ Crores unless stated otherwise.
Jindal Supreme (India) Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 26.28% |
| ROCE | 16.78% |
| EBITDA Margin | 6.16% |
| PAT Margin | 3.33% |
| Debt to Equity Ratio | 1.24 |
| Earning Per Share (EPS) | 5.59 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 26.28% |
| Net Asset Value (NAV) | 24.04 |
Note: Valuation KPIs for जिंदल सुप्रीम (भारत) are computed for FY2026.
Jindal Supreme (India) Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Vibhor Steel Tubes Limited | 4.64 | 23.06 | 4.57% | – | 8.79 Cr. |
| Sambhv Steel Tubes Limited | 1.81 | 65.55 | 18.35% | – | 142.15 Cr. |
| Hi-Tech Pipes Limited | 3.77 | 22.31 | 6.07% | – | 76.16 Cr. |
Note: Peer group comparisons for जिंदल सुप्रीम (भारत) are sourced from DRHP filings.
Jindal Supreme (India) Lead Managers & Merchant Bankers
- Sarthi Capital Advisors Pvt. Ltd.
Jindal Supreme (India) IPO FAQs
Jindal Supreme (India) IPO opens for subscription on 15 September 2026 and closes on 17 September 2026.
The price band for Jindal Supreme (India) IPO is set at ₹88.00 to ₹93.00 per share.
The minimum market lot size is 161 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 161 Shares (₹14,973).
The latest Grey Market Premium (GMP) for Jindal Supreme (India) IPO is ₹30. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Jindal Supreme (India) IPO is tentatively scheduled for 20 September 2026, and shares are expected to list on the stock exchanges on 22 September 2026.
The registrar details will be confirmed in the official prospectus.
Jindal Supreme (India) IPO Analysis & Articles