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Jindal Supreme IPO
Jindal Supreme IPO
Overview
Jindal Supreme IPO is a book build issue of ₹124.88 crores. The issue is a combination of fresh issue of 1.07 crore shares aggregating to ₹99.89 crores and offer for sale of 26.87 lakh shares aggregating to ₹24.99 crores. Jindal Supreme IPO opens for subscription on Sep 16, 2026 and closes on Sep 18, 2026. The allotment for the Jindal Supreme IPO is expected to be finalized on Sep 21, 2026. Jindal Supreme IPO will list on NSE and BSE with a tentative listing date fixed as Sep 23, 2026. Jindal Supreme IPO is set issue price band at ₹88 to ₹93 per share. The lot size for an application is 161 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,973 (161 shares) (based on upper price). Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Total Shares
1,34,28,000
Issue Size
₹125 Cr
Price Band
₹88 – ₹93
Lot Size
161 shares
Min. Investment
₹14,973
Max. Investment
₹1,94,649
Open Date
16 Sep, 2026
Close Date
18 Sep, 2026
Allotment
21 Sep, 2026
Listing
23 Sep, 2026
Max. Investment
₹1,94,649
Announced
16 Sep, 2026
Opening Date
16 Sep, 2026
Closing Date
18 Sep, 2026
Basis of Allotment
21 Sep, 2026
Initiation of Refunds
22 Sep, 2026
Credit of Shares
22 Sep, 2026
Listing Date
23 Sep, 2026
Live GMP
Est. Listing: ₹120
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About Jindal Supreme IPO
Incorporated in March 1974 , Jindal Supreme (India) Limited has been engaged in the manufacturing and supply of steel pipes, tubes and other steel products catering to infrastructure and industrial applications for over five decades. Its product portfolio includes Mild Steel (MS) black pipes and tubes, galvanized pipes, metal beam crash barriers and Galvanized Iron (GI) tubular poles. These products are manufactured in various dimensions as per applicable Indian Standards and are used ac
Jindal Supreme IPO Share Price
Issue Breakdown
Shareholding
Dilution: 26.7% increase in shares
Jindal Supreme IPO Financial Health
Jindal Supreme (India) Ltd.'s revenue increased by 12% and profit after tax (PAT) dropped by 7% between the financial year ending with March 31, 2026 and March 31, 2025.
Jindal Supreme IPO Lot Size
Investors can bid for a minimum of 161 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 161 | ₹14,973 |
| Retail (Max) | 13 | 2093 | ₹1,94,649 |
| S-HNI (Min) | 14 | 2254 | ₹2,09,622 |
| S-HNI (Max) | 66 | 10626 | ₹9,88,218 |
| B-HNI (Min) | 67 | 10787 | ₹10,03,191 |
(All values in CR)
Jindal Supreme IPO Valuations
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Jindal Supreme IPO Strength & Risk
Jindal Supreme IPO Strength
- Founder-led company with an experienced promoter and management team
- Established dealer and distribution network, particularly across North India
- Diversified portfolio of steel pipes and related products
- Strong manufacturing capabilities and established production infrastructure
- Strategic manufacturing facility in Hisar, Haryana
- Backward integration and control over key raw-material sourcing
- Focus on improving capacity utilisation and operational efficiency
Jindal Supreme IPO Risk
- Manufacturing operations are concentrated at a single facility in Hisar
- High dependence on key suppliers for raw materials
- Steel and other raw-material price volatility can pressure margins
- Business requires significant working capital
- Dependence on demand from construction and infrastructure sectors
- Customer concentration could affect revenue if major buyers reduce orders
Jindal Supreme IPO Subscriptions Status
Jindal Supreme IPO subscribed 4.23 times. The public issue subscribed 6.65 times in the retail category, 1.01 times in QIB (Ex Anchor), and 2.85 times in the NII category by September 16, 2026 1:09:06 PM (Day 1).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 40,28,400 | 40,28,400 | 37.464 |
| QIB (Ex Anchor) | 1.01 | 26,85,600 | 27,12,367 | 25.225 |
| NII | 2.85 | 20,14,200 | 57,31,922 | 53.307 |
| bNII (> ₹10L) | 1.41 | 13,42,800 | 18,91,428 | 17.59 |
| sNII (< ₹10L) | 5.72 | 6,71,400 | 38,40,494 | 35.717 |
| Retail | 6.65 | 46,99,800 | 3,12,75,377 | 290.861 |
| Total | 4.23 | 93,99,600 | 3,97,19,666 | 369.393 |
Jindal Supreme IPO GMP
Jindal Supreme IPO last GMP is ₹27, last updated Sep 16th 2026 11:55 AM. With the upper price band of ₹93.00, Jindal Supreme IPO's estimated listing price is ₹120 (cap price + today's GMP). The expected percentage gain/loss per share is 29.03%. >> Jindal Supreme IPO Retail Subject to Sauda: ₹3300 >> Jindal Supreme IPO Small HNI Subject to Sauda: ₹46200 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹27.00.
Last updated 16 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 16 Sep, 2026 | 93 | ₹27 | - | ₹120 (29.03%) | 4347 | 16 Sep, 2026 |
| 15 Sep, 2026 | 93 | ₹27 | - | ₹120 (29.03%) | 4347 | 15 Sep, 2026 |
| 14 Sep, 2026 | 93 | ₹27 | - | ₹120 (29.03%) | 4347 | 14 Sep, 2026 |
| 13 Sep, 2026 | 93 | ₹27▲ | - | ₹120 (29.03%) | 4347 | 13 Sep, 2026 |
| 12 Sep, 2026 | 93 | ₹25▲ | - | ₹118 (26.88%) | 4025 | 12 Sep, 2026 |
| 11 Sep, 2026 | 93 | ₹21▲ | - | ₹114 (22.58%) | 3381 | 11 Sep, 2026 |
| 10 Sep, 2026 | 93 | ₹19▲ | - | ₹112 (20.43%) | 3059 | 10 Sep, 2026 |
| 09 Sep, 2026 | 93 | ₹11▲ | - | ₹104 (11.83%) | 1771 | 09 Sep, 2026 |
| 08 Sep, 2026 | 0 | ₹0 | - | ₹ (%) | - | 08 Sep, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Jindal Supreme IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Jindal Supreme IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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