About Jindal Supreme India IPO
Jindal Supreme (India) IPO Details
Jindal Supreme (India) IPO is a 100% book-built issue of 1.34 crore equity shares, comprising a fresh issue of 1.07 crore equity shares and an offer for sale (OFS) of 26.86 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on April 13, 2026.
The price band and official date of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platform. The book-running lead manager (BRLM) of the issue is Sarthi Capital Advisors Private Limited, while the registrar to the offer is Bigshare Services Private Limited.
Jindal Supreme (India) IPO Date & Timeline
Jindal Supreme (India) Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on April 13, 2026. However, the specific Jindal Supreme (India) IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Jindal Supreme India IPO Timeline
| IPO Open Date | [.] |
| IPO Close Date | [.] |
| Tentative Allotment | [.] |
| Initiation of Refunds | [.] |
| Credit of Shares to Demat | [.] |
| Tentative Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | - |
Jindal Supreme India IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | - |
| Face Value | ₹ 10.00 per Equity Share |
| Issue Price Band | [.] |
| Lot Size | [.] |
| Sale Type | Fresh Issue & Offer for Sale (OFS) |
| Total Issue Size | 1,34,28,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue(Ex Market Maker) | 1,07,41,149 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 26,86,851 shares of ₹10 (agg. up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 4,02,82,620 shares |
| Share Holding Post Issue | 5,10,23,769 shares |
Jindal Supreme (India) IPO GMP
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Jindal Supreme (India) IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Jindal Supreme (India) Ltd. was incorporated as a private limited company on March 05, 1974, in Haryana; then, in September 2025, the company converted into a public limited company to proceed with its public listing procedures.
Over nearly five decades, the business has grown from a regional manufacturer into a prominent player in the structural steel products segment, successfully scaling its operations to supply essential materials for massive national infrastructure and industrial developments across the country. The company is mainly engaged in the manufacturing of steel pipes and tubes & catering to the requirements of multiple infrastructure applications.
Operations & Product Range
Jindal Supreme (India) Ltd.’s core operations focus on manufacturing and supplying steel pipes and structural products, including MS black pipes, galvanised pipes, metal beam crash barriers and GI tubular poles, which serve key applications across water supply, plumbing, construction, roads and highway infrastructure, oil and gas and rural electrification, thereby supporting heavy industrial supply chains and infrastructure development projects.
Facilities & Capacity
Jindal Supreme (India) Ltd. operates an integrated manufacturing facility in Hisar, Haryana, providing logistical advantages for raw material sourcing and dispatch of finished goods, with infrastructure capable of producing products like highway crash barriers and tubular poles for rural electrification, while continuously optimizing capacity for high-margin products to align with demand from public and private sector projects.
Brands & Market Presence
Jindal Supreme (India) Ltd. has established a strong market presence in the competitive steel products industry through decades of domestic operations, driving revenue via a pan-India network and a hybrid distribution model, while actively expanding its dealer network to increase penetration into Tier-II and Tier-III cities with rising construction activity, ensuring consistent product availability across government and private infrastructure projects.
Revenue Streams & Business Model
Jindal Supreme (India) Ltd. generates revenue primarily through the manufacturing and sale of its steel product portfolio. Its business model relies on a dual-channel approach: direct sales to large institutional clients handling government and private infrastructure projects and sales through a steadily expanding distributor and dealer network. Financially, the company has demonstrated improved profitability. While total income slightly moderated to ₹ 586.40 crore in FY25 compared to the previous year, the Profit After Tax (PAT) nearly doubled, surging to ₹ 24.26 crore in FY25 from ₹ 12.87 crore in FY24. This notable improvement in net margins highlights stronger operational efficiency, a better product mix and effective cost management.
Management & Shareholding
The promoters of Jindal Supreme (India) Ltd. are Abhishek Jindal, who serves as Chairman and Managing Director and Sonam Jindal. Before the IPO, the promoters held an 82.03% stake and the promoter group held a 17.97% stake in the company, but after the IPO, the promoters’ and promoter groups’ shareholding will be diluted as the offering includes an offer for sale of 26.86 lakh equity shares by the existing shareholders.
Board & Key Management
The leadership of Jindal Supreme (India) Ltd. is led by a team of experts with many years of experience. Abhishek Jindal serves as the Chairman & Managing Director and gives strategic direction to the firm, as well as manages the daily operations, along with Whole-Time Director Madan Gopal Babbar. To ensure good governance, the board includes Independent Directors Abhiram Tayal, Kuldip Bhargava and Vijay Kaushik for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Jindal Supreme India IPO Financial Information
Latest Revenue
489.65
₹ Crore
Profit After Tax
16.30
₹ Crore
Net Worth
90.54
₹ Crore
Total Borrowing
92.17
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 215.35 | 489.65 | 16.30 | 90.54 | 78.48 | 92.17 | |||
| 31 Mar 2025 | 211.38 | 586.39 | 11.16 | 84.22 | 43.93 | 85.64 | |||
| 31 Mar 2024 | 194.25 | 645.43 | 10.65 | 73.06 | 32.78 | 88.12 | |||
| 31 Mar 2023 | 152.40 | 506.12 | 6.42 | 62.41 | 22.13 | 68.45 | |||
| Amount in ₹ Crore | |||||||||
Jindal Supreme India Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.00% |
| ROCE | 14.31% |
| Debt/Equity | 1.02 |
| RoNW | 19.74% |
| PAT Margin | 3.33% |
| EBITDA Margin | 6.19% |
| Price to Book Value | [.] |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.05 | [.] |
| P/E (x) | [.] | [.] |
Jindal Supreme (India) IPO Objectives
The company aims to utilise the Jindal Supreme (India) IPO proceeds for strategic purposes:
- Repayment/Prepayment of debt (in part or in full)
- General corporate purposes
Jindal Supreme (India) IPO Review
Jindal Supreme (India) Ltd. is well-positioned and gets help from India’s infrastructure push, including initiatives like the National Infrastructure Pipeline, Jal Jeevan Mission and highway expansion projects, with its structural steel, crash barriers and pipes directly aligned to national infrastructure demand.
Financially, the company shows an improving earnings profile, with a slight moderation in revenue in FY25 but a near doubling of PAT to ₹24.26 crore, reflecting strong pricing power, better product mix and efficient execution, while IPO proceeds are planned to reduce about ₹77 crore debt, strengthening the balance sheet and improving future margins.
However, risks include exposure to a commoditized industry and volatile raw steel prices affecting margins, along with dependence on government infrastructure spending, while the IPO supports deleveraging and expansion of manufacturing capabilities.
Conclusion
Jindal Supreme (India) IPO offers an opportunity to investors to invest in India’s infrastructure sector, combining a five-decade legacy with capacity expansion in niche, high-margin products. With this listing, the company aims to focus on debt reduction and dealer network growth to strengthen market share in a competitive environment.
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Competitive Strengths
Long-standing industry presence spanning nearly five decades with an established track record in the steel products sector.
A diversified product portfolio directly serving high-growth, essential sectors like highways, water supply and rural electrification.
A strategically located, integrated manufacturing facility in Hisar providing significant logistical and cost-efficiency advantages.
A hybrid sales model combining strong institutional relationships with a rapidly expanding regional dealer network.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 13/04/2026 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 0 | 1400015000 |
| Individual investors (Retail) (Max) | 0 | 0 | 200000 |
| S-HNI (Min) | 0 | 0 | 200000 |
| S-HNI (Max) | 0 | 0 | 1000000 |
| B-HNI (Min) | 0 | 0 | 1000000 |