Jindal Supreme (India) Limited is engaged in manufacturing and supplying steel pipes, tubes and other steel products for infrastructure and industrial applications.
Its product portfolio includes MS black pipes and tubes, galvanized pipes and tubes, metal beam crash barriers and GI tubular poles, serving sectors such as construction, water supply, roads and highways, oil and gas, chemicals, agriculture and rural electrification.
The Company expanded its product portfolio by entering the metal beam crash barriers segment in Fiscal 2025 and GI tubular poles segment in Fiscal 2026, catering to road safety, highways, street lighting, electrification and other public utility infrastructure.
The Company primarily follows a B2B business model, selling directly to institutional and industrial customers while also serving customers through its dealer network. As of June 30, 2026, it had 53 dealers, primarily across Northern India.
The Company’s manufacturing facility in Hisar, Haryana, is equipped with mills, welding and galvanizing plants, testing equipment and an in-house maintenance workshop, supporting its steel pipes, tubes, crash barriers and GI tubular poles business.
As of June 30, 2026, the Company had an employee base of 242 employees.
Jindal Supreme IPO – Details
| IPO Opening Date | 16 September 2026 |
| IPO Closing Date | 18 September 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,34,28,000 Shares Worth ₹124.88 Crore Fresh Issue: 1,07,41,149 Shares Worth ₹99.89 Crore Offer For Sale: 26,86,851 Shares Worth ₹24.99 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹88 – ₹93 per share |
| Market Lot | 161 Shares |
| Min Order | 161 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Jindal Supreme IPO – Date Schedule
| IPO Open Date | 16 September 2026 |
| IPO Close Date | 18 September 2026 |
| Basis of Allotment | 21 September 2026 |
| Initiation of Refund | 22 September 2026 |
| Credit of Shares to Demat Account | 22 September 2026 |
| IPO Listing Date | 23 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2026 |
Jindal Supreme IPO – Lots Size & Price
| Application | 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 |
Competitive Strength
- 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.
Company Promoters
- Abhishek Jindal
- Sonam Jindal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹650.88 Cr | ₹635.80 Cr | ₹12.87 Cr | ₹104.92 Cr |
| 31 March 2025 | ₹604.74 Cr | ₹572.35 Cr | ₹24.27 Cr | ₹95.84 Cr |
| 31 March 2026 | ₹675.94 Cr | ₹645.79 Cr | ₹22.53 Cr | ₹119.87 Cr |
| 30 June 2026 | ₹191.09 Cr | ₹180.05 Cr | ₹8.28 Cr | ₹92.46 Cr |
Key Performance Indicator
| KPI | Values (Jun 30, 2026) |
|---|---|
| ROE | 8.20% |
| ROCE | 6.14% |
| Debt/Equity | 0.88 |
| RoNW | 8.20% |
| PAT Margin | 4.33% |
| EBITDA Margin | 7.20% |
| NAV | 26.07 |
| Price to Book Value | 3.57 |
| Pre IPO | Post IPO | |
| EPS (₹) | 5.59 | 6.49 |
| P/E (x) | 16.64 | 14.33 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings. | ₹71.00 |
| General Corporate Purposes. |
Jindal Supreme IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Vibhor Steel Tubes Limited | 23.06 |
| 2 | 10 | Sambhv Steel Tubes Limited | 65.55 |
| 3 | 1 | Hi-Tech Pipes Limited | 22.31 |
✅Strengths
- Diversified Product Portfolio across pipes, tubes, crash barriers and GI tubular poles.
- Long Operating History with operations dating back to 1974.
- Integrated Manufacturing Facility with in-house production and quality control capabilities.
- Established Sales Network comprising direct institutional sales and dealers.
⚠️Risks
- Intense Competition from larger and established industry players.
- Dependence on Infrastructure Demand for growth across key product segments.
- Borrowing Exposure supported by personal guarantees from Promoters.
Jindal Supreme IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.68% |
Jindal Supreme IPO Prospectus
Company Contact Information
| Jindal Supreme Ltd. 9th KM, O P Jindal Marg, Hisar Cantt, Hisar, Haryana, 125006 Phone: 016 6223 6500 Email: janaksteel@gmail.com Website: https://jindalsupreme.com/ |
Jindal Supreme IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Jindal Supreme IPO Lead Manager(s)
| 1. Sarthi Capital Advisors Pvt. Ltd. |
Jindal Supreme IPO FAQs
| What is the Jindal Supreme IPO? Jindal Supreme IPO is a main-board IPO. The issue is priced at ₹88 to ₹93 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Jindal Supreme IPO open? The IPO is to open on 16 September 2026 for QIB, NII, and Retail Investors. |
| What is Jindal Supreme IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Jindal Supreme IPO Size? Jindal Supreme IPO size is ₹124.88 Crore. |
| What are the Jindal Supreme IPO Minimum and maximum lot sizes for Retail? The minimum bid is 161 Shares with ₹14,973, while the maximum bid is 2093 Shares with ₹1,94,649. |
| What is the Jindal Supreme IPO Allotment Date? Jindal Supreme IPO allotment date is 21 September 2026. |
| What is the Jindal Supreme IPO Listing Date? Jindal Supreme IPO listing date is 23 September 2026. The IPO is to be listed on the BSE and the NSE. |
