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IPO ·
NSE, BSE
Jindal Supreme (India) Ltd
Listed
Makes steel pipes, tubes, crash barriers and GI poles for infrastructure, selling mainly B2B in northern India.
Issue details
Price band
₹88 – ₹93
Face value
₹10
Lot size
161 shares
Minimum investment
₹14,973
Issue size
₹124.88 Cr
Fresh issue
₹99.89 Cr
Offer for sale
₹24.99 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
16 Sep 2026
Closes
18 Sep 2026
UPI mandate cut-off
5:00 PM on 18 Sep 2026
Allotment
21 Sep 2026
Refunds
22 Sep 2026
Shares in demat
22 Sep 2026
Listing
23 Sep 2026
Subscription and listing
Subscription
126.05x
Listing price
₹120
Registrar
Bigshare Services Pvt Ltd
Lead manager
Sarthi Capital Advisors Pvt Ltd
Subscription by category
Total
126.05x
Total applications
37,26,170
Anchor investors
Amount raised
₹37.46 Cr
Bid date
15 Sep 2026
50% lock-in ends
20 Oct 2026
Rest lock-in ends
19 Dec 2026
Listing day
Issue price
₹93
Open
₹120.00
High
₹126.00
Low
₹120.00
Day close
₹126.00
Listing gain at open
+29.03%
Issue structure
Shares reserved per category and share of the total issue
QIB
67,14,000
50.00%
Anchor Investor
40,28,400
30.00%
QIB (Ex. Anchor)
26,85,600
20.00%
NII
20,14,200
15.00%
bNII > ₹10L
13,42,800
10.00%
sNII < ₹10L
6,71,400
5.00%
Retail
46,99,800
35.00%
Total
1,34,28,000
100.00%
Finaccle’s quick read
Neutral
Income up 12% in FY26 but PAT down 7% to ₹22.53 Cr, with debt/equity of 1.24 and a 3.3% PAT margin. Post-issue P/E of 14.33 and debt repayment from the issue partly offset this.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Jindal Supreme (India) makes steel pipes and tubes from a plant at Hisar, Haryana, including MS black pipes, galvanised pipes, crash barriers and GI tubular poles. It sells mostly to business buyers, both directly and through a network of 53 dealers. Annual income is in the ₹600–675 Cr range.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
26.28%
ROCE
16.78%
Debt / equity
1.24
PAT margin
3.33%
P/E post issue
14.33
Market cap
₹474.52 Cr
Use of IPO money
Repayment/pre-payment of borrowings
₹71.00 Cr
General corporate purposes
₹16.85 Cr
Issue expenses
₹15.05 Cr
Strengths
✓
Five decades in steel pipes and tubes
✓
Wide product range that can be customised
✓
53-dealer network plus direct B2B sales
✓
EBITDA up from 21.11 to 41.63 Cr over two years
✓
Issue proceeds mainly retire debt
Risks to watch
!
FY26 PAT fell about 7% despite 12% income growth
!
Debt/equity of 1.24 at FY26
!
Thin PAT margin of about 3.3% in a commodity business
!
Profit swings: 12.87, 24.27, 22.53 Cr over three years
!
₹25 Cr OFS by a promoter entity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.