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Jindal Supreme (India) IPO

2.76x

subscribed

Jindal Supreme (India) IPO

Steel & Iron Products
open
₹14,168Min. investment
  1. Pre-apply
    15 Sep
  2. Bid start
    16 Sep
  3. Bid end
    18 Sep
  4. Allotment
    21 Sep
  5. Release of funds
    22 Sep
  6. Demat transfer
    22 Sep
  7. Listing
    23 Sep

Jindal Supreme (India) Limited IPO Details

SectorSteel & Iron Products
Price range₹88.00 – ₹93.00
IPO type
Regular
Lot size161 shares
Issue size₹125Cr
Red Herring Prospectus
Read
Market Cap
₹474CrLower than sector avg
RevenueApr 20NaN - Mar 20FY
₹675.39CrLower than sector avg
Growth rate3Y CAGR
2.29%

Jindal Supreme (India) Limited IPO Overview

Jindal Supreme (India) IPO date

Jindal Supreme (India) IPO will open for subscription on September 16, 2026, and the closing date for the IPO is September 18, 2026. After this, investors are expected to be updated about the allotment status on September 21, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on September 22, 2026. The shares will be listed on the NSE and the BSE on Wednesday, September 23, 2026.

Jindal Supreme (India) IPO price band

The IPO includes an offer for sale and a fresh issue. The IPO price band has been set between ₹88 and ₹93 per share. Interested investors can choose a price within this band to apply for the IPO. The IPO is a book-building issue, comprising an offer for sale of ₹25 crore and a fresh issue of ₹100 crore. Jindal Supreme (India) IPO listing price will be determined on September 23, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

Jindal Supreme (India) IPO lot size

Jindal Supreme (India) IPO details have been declared. The minimum lot size for an application is 161 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹125 crore.

How to apply for Jindal Supreme (India) IPO?

If you are interested in this investment opportunity but unsure how to apply for a Jindal Supreme (India) IPO, follow these steps.

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Jindal Supreme (India) IPO on Upstox:

  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Jindal Supreme (India) IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹675.39Cr
This sector
₹3,652.65Cr
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PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹22.53Cr
This sector
₹112.07Cr
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Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹474Cr
This sector
₹6,638.34Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
45.37
This sector
114.91
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D/E ratio
Lower ratio usually means fewer liabilities
This IPO
1.24
This sector
0.53
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Objectives

Repayment of loan
71.10%
General corporate purposes
28.90%

Strength and Weakness

Established operating history

The business commenced operations in 1974. Promoter Abhishek Jindal has been associated with it since 2007 and has over 18 years of experience in MS black and galvanised pipes and tubes.

Exposure to infrastructure demand

Pipes, crash barriers and tubular poles serve water supply, construction, roads, agriculture and electrification. The infrastructure development, water and irrigation programmes, and industrial investment are demand drivers for steel pipes and tubes.

Introduction of new products

Production of crash barriers started in April 2024, while that of tubular pole in April 2025. These contributed ₹117.70 crore and ₹31.49 crore of revenues for FY26, respectively, providing an additional range of products in the areas of highway safety and utility infrastructure.

Capacity expansion

Crash barrier capacity enhanced to 42,000 MTPA from 24,000 MTPA at a cost of ₹5.45 crore till 30th July 2026. With the installation of a new galvanising plant, the capacity has been enhanced to 63,000 MTPA at a cost of ₹1.73 crore.

Expansion of dealer network

The number of active dealers increased from 34 in FY24 to 53 in FY26. Channel accounted for 31.82% of FY26 operating revenue, while direct sales contributed 68.18%. The company is planning to expand its presence to previously unexploited locations such as Tier-II and Tier-III cities.

Manufacturing and testing on-site

The Hisar facility includes pipe mills, welding, and galvanisation plants, along with the maintenance and testing infrastructure, which includes hydrostatic and non-destructive tests. Proximity to customers' facilities facilitates efficient logistics and timely delivery of customised products

About Jindal Supreme (India) Limited

Jindal Supreme (India) manufactures steel pipes and tubes for infrastructure and industrial applications. The business commenced operations in 1974 and now supplies mild steel (MS) black pipes and tubes, galvanised pipes, metal beam crash barriers and galvanised iron (GI) tubular poles. Its products serve water supply, construction, roads, agriculture and electrification. Promoter Abhishek Jindal has been associated with the company since 2007 and has over 18 years of industry experience.
Revenue from operations was ₹675.3 crore in FY26. Black pipes contributed ₹290.2 crore, and galvanised pipes ₹179.4 crore. Crash barriers, introduced in FY25, generated ₹117.7 crore, while GI tubular poles, introduced in FY26, contributed ₹31.4 crore. Other operating revenue of ₹56.5 crore came from scrap and manufacturing by-products, including zinc dross, strip sales and zinc ash.
Manufacturing is concentrated at Hisar, Haryana, with pipe mills, welding and galvanising equipment, an in-house maintenance workshop and testing facilities. For FY26, the installed capacity of MS Black Pipe was 90,000 MT with utilisation of 65.1%; the installed capacity for MS Galvanised Pipe was 45,000 MT with utilisation of 60.2% compared to 94.4% in FY24; the installed capacity for Metal Beam Crash Barrier was 24,000 MT with utilisation of 65.2%; and the installed capacity for GI Tubular Poles was 12,000 MT with utilisation of 33.4%. These are product or process capacities: the company uses its own black pipes for galvanising, so they should not be added as independent finished-product capacity. The company sells directly to institutional and industrial customers and through dealers. Direct sales contributed 68.1% of FY26 revenue from operations, and dealers contributed 31.8%. Active dealers increased from 34 in FY24 to 53 in FY26 and remained at 53 in June 2026. Revenue was entirely domestic, concentrated in northern and some western states; Haryana, Rajasthan and Punjab contributed 28.5%, 13.9% and 13.6%, respectively, in FY26.
Steel pipes & tubes are the downstream sector of the steel value chain that links the steel manufacturing process with applications such as infrastructure, water distribution, energy and industrial. Electric resistance welded (ERW) pipes are the most common steel pipes used for water supply, agriculture and construction because of their economical and large-scale usage.
The market size for steel pipes & tubes in India stands at $14,415.83 million in 2026 and is predicted to grow to approximately $23,932.99 million by 2036, with a compound annual growth rate (CAGR) of 5.20%. Factors supporting the growth include the development of infrastructure, water and irrigation schemes, industrial investments and demand for durable galvanised and coated pipes.
Pipes, crash barriers, and tubular poles of Jindal Supreme cater to all these applications in the infrastructure sector. Crash barrier capacity has been raised to 42,000 MTPA by 30 July 2026, along with expansion of the galvanising plant, which raised the capacity to 63,000 MTPA. The firm is targeting increased demand from road construction projects as well as growth in the proportion of galvanised items and geographical expansion among dealerships.
Now, Jindal Supreme (India) is launching its initial public offering (IPO), which consists of a fresh issue of ₹99.89 crore and an offer for sale of ₹24.99 crore. The total issue size of the IPO is ₹124.88 crore. Its shares will be listed on the NSE and BSE.

Jindal Supreme (India) IPO Subscription Status

Date
QIB
NII
Retail
Total
16-Sep-26 (Today)
0.0 times (X)
3.51 times (X)
3.1 times (X)
2.11 times (X)

Frequently asked questions

Investors can apply for the Jindal Supreme (India) IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Jindal Supreme (India) IPO is 125 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Bidding closes on 18 Sep 2026, 5:00 PM