Jindal Supreme India IPO Details: Date, Price Band, Review & How to Apply

Quick Overview

Jindal Supreme (India) Limited IPO is a mainboard book-built public issue of ₹124.88 crore, open for bidding from 16 September 2026 to 18 September 2026 at a price band of ₹88 to ₹93 per share with a minimum market lot of 161 shares (minimum retail investment of ₹14,973). The issue combines a fresh issue of ₹99.89 crore (to be used primarily for debt repayment and working capital) and an Offer for Sale (OFS) of ₹24.99 crore. The basis of allotment is scheduled for 21 September 2026, with secondary market listing on BSE and NSE on 23 September 2026.

Jindal Supreme India IPO Overview

Jindal Supreme (India) Limited manufactures steel pipes, tubes and related steel products used across infrastructure and industrial applications.

The company’s products serve sectors such as water supply, plumbing, construction, roads, highways, bridges, oil and gas, chemicals, agriculture and rural electrification.

The public issue is proposed to list on BSE and NSE, subject to completion of allotment and exchange listing formalities.

Investors comparing IPOs with Pre-IPO opportunities can also read Ultra’s guide on Pre-IPO vs IPO.

The company’s shareholding is expected to increase from 4,02,82,620 shares pre-issue to 5,10,23,769 shares post-issue, based on the provided data.

The final issue price will be discovered through the book-building process. Post-listing share price will depend on demand, subscription trends, company fundamentals, broader market sentiment and listing-day trading.

About Jindal Supreme India

Incorporated in March 1974, Jindal Supreme (India) Limited has been engaged in manufacturing and supplying steel pipes, tubes and other steel products for over five decades.

Its product portfolio includes:

• Mild Steel black pipes and tubes

• galvanized pipes

• metal beam crash barriers

• Galvanized Iron tubular poles

In Fiscal 2025, the company commenced manufacturing W-beam and Thrie-beam metal crash barriers, which are used for road safety and highway infrastructure projects. In Fiscal 2026, it expanded into GI tubular poles, which are used for street lighting, electrification projects and other public utility infrastructure.

As of 30 June 2026, the company had 53 dealers and 242 employees.

Jindal Supreme India Business Model

Jindal Supreme India primarily follows a B2B business model, with direct sales to institutional and industrial customers, including infrastructure contractors. It also serves customers through its dealer network.

The company’s manufacturing facility is located in Hisar, Haryana. The facility is equipped with mills, welding plants, galvanizing plants and other machinery. It is supported by an in-house maintenance workshop and testing equipment.

Key Strengths of Jindal Supreme India

The company’s strengths include:

• established presence in steel pipes and tubes manufacturing

• diversified product portfolio with customisation capabilities

• strong dealer and customer relationships

• strategic location of manufacturing facility

• track record of financial performance

• experienced promoter and professional management team

• expansion into crash barriers and GI tubular poles

These strengths should be evaluated along with steel price volatility, working capital needs, debt levels, customer demand and competition.

The company’s total income increased from ₹604.74 crore in FY2025 to ₹675.94 crore in FY2026. However, profit after tax declined from ₹24.27 crore to ₹22.53 crore during the same period.

Borrowing stood at ₹119.87 crore in FY2026 and ₹92.46 crore as of 30 June 2026.

Jindal Supreme India IPO Review

A practical review should look at both the company’s strengths and risks.

Positive Factors

Jindal Supreme India has a long operating history in steel pipes, tubes and related steel products. Its expansion into crash barriers and GI tubular poles connects the business to road safety, electrification and public utility infrastructure.

The company follows a B2B model and has a dealer network mainly across northern India. Its Hisar-based manufacturing facility supports production across its core product categories.

Financially, total income increased in FY2026, and EBITDA improved compared with FY2025. The fresh issue component is also larger than the OFS component, meaning a significant portion of the proceeds is expected to go to the company.

Points to Watch

Profit after tax declined by 7% between FY2025 and FY2026 despite revenue growth. Investors should review margin trends and cost factors carefully.

The business may be affected by steel price volatility, working capital requirements, infrastructure demand, competitive pricing and debt levels.

How to Apply for Jindal Supreme India IPO

Investors can apply through supported broker platforms using UPI or ASBA.

The general process is:

• Log in to your broker or bank-supported IPO platform.

• Select the issue from the IPO list.

• Choose the investor category and number of lots.

• Enter the bid price within the price band of ₹88 to ₹93.

• Submit the application.

• Approve the UPI mandate, if applying through UPI.

• Wait for allotment finalisation.

• If allotted, shares will be credited to the demat account before listing.

Track the scheduled listing on NSE and BSE, subject to completion of allotment and exchange listing formalities.

Key Risks

1. Steel Price Volatility

Changes in steel prices can affect input costs, pricing, margins and working capital requirements.

2. Profit Decline

Although revenue increased in FY2026, profit after tax declined compared with FY2025. Investors should review margin trends and cost factors carefully.

3. Working Capital Risk

Manufacturing and B2B supply businesses may require significant working capital for inventory, receivables and production cycles.

4. Borrowing Risk

Total borrowing stood at ₹119.87 crore in FY2026. Higher borrowings can affect finance costs and profitability.

5. Customer and Dealer Network Risk

The company depends on institutional customers, industrial buyers and dealers. Any slowdown in demand or dealer expansion may affect growth.

6. Competition Risk

Steel pipes, tubes and related infrastructure products can face competition from organised and unorganised players.

7. Infrastructure Demand Risk

Products such as crash barriers and GI tubular poles depend on infrastructure, highway, electrification and public utility spending.

Final Thoughts

Jindal Supreme India IPO is a ₹124.88 crore book-built issue with a price band of ₹88 to ₹93 per share.

The company manufactures steel pipes, tubes, galvanized pipes, crash barriers and GI tubular poles for infrastructure and industrial applications. It has a manufacturing facility in Hisar, Haryana, and a dealer network mainly across northern India.

Financially, the company reported FY2026 total income of ₹675.94 crore and PAT of ₹22.53 crore. Revenue increased by 12%, while PAT declined by 7% compared with FY2025.

Investors should evaluate the RHP, financials, valuation, debt levels, steel price risk, working capital needs, dealer network, industry demand and personal suitability before applying.

Disclaimer: This article is for educational and informational purposes only. It is not investment advice, IPO recommendation or a suggestion to apply. IPO investments are subject to market risk, business risk, valuation risk and listing risk. Investors should read the RHP carefully and consult a qualified financial advisor before making any investment decision.

FAQs

1. What is Jindal Supreme India IPO?

Jindal Supreme India IPO is a book-built public issue of ₹124.88 crore. It includes a fresh issue of ₹99.89 crore and an offer for sale of ₹24.99 crore.

2. What is Jindal Supreme India IPO date?

The issue opens on 16 September 2026 and closes on 18 September 2026.

3. What is Jindal Supreme India IPO price?

The price band is ₹88 to ₹93 per share.

4. What is the lot size?

The lot size is 161 shares.

5. What is the minimum investment for retail investors?

The minimum retail investment is ₹14,973 for 1 lot of 161 shares at the upper price band of ₹93 per share.

6. When is the allotment expected?

The allotment is expected to be finalised on 21 September 2026.

7. When will Jindal Supreme India list?

The shares are scheduled to be listed on NSE and BSE on 23 September 2026, subject to completion of allotment and exchange listing formalities.

8. Who is the registrar?

Bigshare Services Pvt. Ltd. is the registrar of the issue.

9. Who is the book running lead manager?

Sarthi Capital Advisors Pvt. Ltd. is the book running lead manager.

10. What is Jindal Supreme India IPO share price?

The IPO price band is ₹88 to ₹93 per share. The post-listing share price will depend on demand, subscription levels, financial performance and listing-day trading.

11. Is Jindal Supreme India IPO listed on NSE?

The shares are scheduled to be listed on both NSE and BSE, subject to completion of allotment and exchange listing formalities.

12. What does Jindal Supreme India do?

The company manufactures steel pipes, tubes, galvanized pipes, metal beam crash barriers and GI tubular poles used across infrastructure and industrial applications.

13. Is Jindal Supreme India profitable?

Yes. Based on the provided financials, the company reported PAT of ₹22.53 crore in FY2026, ₹24.27 crore in FY2025 and ₹12.87 crore in FY2024.

14. Should investors apply for Jindal Supreme India IPO?

Investors should evaluate the RHP, financials, valuation, steel industry risks, borrowing levels, working capital needs and personal suitability before deciding. This article does not provide investment advice or an IPO recommendation.