Jindal Supreme IPO 2026: Date, Price Band ₹88–₹93, GMP, Allotment & Listing Details

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Jindal Supreme (India) Limited IPO
JS
Jindal Supreme (India) Limited IPO
Steel Pipes & Tubes · Metal Beam Crash Barriers · GI Tubular Poles · Infrastructure
📋 Mainline IPO Fresh + OFS NSE, BSE
₹93
Upper Price
₹124.88 Cr
Issue Size
Sep 23, 2026
Listing Date
₹374.63 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 16 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 18 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 21 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 22 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 23 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date16 September 2026 (Wed)
IPO Close Date18 September 2026 (Fri)
Listing Date23 September 2026 (Wed)
Face Value₹10 per share
Price Band₹88 to ₹93
Issue Price (Upper Band)₹93 per share
Issue TypeBook Build — Fresh + OFS
Lot Size161 shares
Total Issue Size1,34,28,000 shares (₹124.88 Cr)
Fresh Issue1,07,41,149 shares (₹99.89 Cr)
Offer for Sale (OFS)26,86,851 shares (₹24.99 Cr)
Pre-Issue Shares4,02,82,620
Post-Issue Shares5,10,23,769
Promoter Holding (Pre)100.00%
Market Cap (Pre-IPO)₹374.63 Cr
Listing ExchangeNSE, BSE
Lead ManagerSarthi Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹93
Investor TypeLotsSharesAmount
Retail — Minimum1161₹14,973
Retail — Maximum132,093₹1,94,649
S-HNI (sNII) — Min142,254₹2,09,622
S-HNI (sNII) — Max6610,626₹9,88,218
B-HNI (bNII) — Min6710,787₹10,03,191
⚠️ Note: Investors can bid for a minimum of 161 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric30 Jun 202631 Mar 202631 Mar 202531 Mar 2024
Total Assets232.65248.41200.33181.16
Total Income191.09675.94604.74650.88
PAT8.2822.5324.2712.87
EBITDA13.7641.6325.9221.11
Net Worth105.0296.8274.6450.31
Reserves & Surplus64.5656.2872.1747.90
Total Borrowing92.46119.8795.84104.92
Income Growth
FY 2023–24₹650.88 Cr
FY 2024–25₹604.74 Cr
FY 2025–26₹675.94 Cr
🎯 Key Performance Indicators
26.28%
ROE
FY 2025–26
1.24
Debt/Equity
FY 2025–26
16.78%
ROCE
FY 2025–26
3.33%
PAT Margin
FY 2025–26
6.16%
EBITDA Margin
FY 2025–26
26.28%
RoNW
FY 2025–26
3.87x
Price/Book
FY 2025–26
24.04
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹5.59
FY26 earnings + pre-issue shares
P/E: 16.64x
Post-IPO EPS
₹4.42
FY26 earnings + post-issue shares
P/E: 21.04x
Price to Book Value
3.87x
At upper price band ₹93
Market Cap (Pre-IPO)
₹374.63 Cr
At issue price ₹93
ℹ️ Pre-IPO EPS (₹5.59) based on pre-issue shares (4,02,82,620) and FY26 restated PAT (₹22.53 Cr). Post-IPO EPS (₹4.42) accounts for the dilution resulting from the issuance of 1,07,41,149 fresh equity shares extending the total post-issue equity to 5,10,23,769 shares. Post-IPO Market Cap expands to ₹474.52 Cr at the upper issue price of ₹93.
🎯 Objects of the Issue
Net proceeds utilisation
1
Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company
₹71.00 Cr
2
General Corporate Purposes
Balance
Total Fresh Issue Goal ₹99.89 Cr
🏢 About Jindal Supreme (India) Ltd.
Est. 1974 · Hisar, Haryana · Steel Pipes, Tubes & Infrastructure Hardware

Jindal Supreme (India) Limited, incorporated in March 1974, possesses an enduring industrial heritage spanning over five decades in manufacturing and supplying steel pipes, hollow sections, and specialized structural steel products across India’s infrastructure and core industrial sectors.

The company manufactures Mild Steel (MS) black pipes and tubes, galvanized pipes, W-beam and Thrie-beam metal crash barriers, and Galvanized Iron (GI) tubular poles used across highways, bridges, rural electrification, water supply, oil and gas, and construction projects. Operating a modern manufacturing unit in Hisar, Haryana equipped with tube mills, automatic welding lines, and galvanizing baths, the business executes a direct B2B institutional model complemented by an established distribution network of 53 active regional dealers and 242 permanent personnel.

Brand Ecosystem
⚙️
MS & Galvanized Pipes
Mild steel black pipes and high-durability galvanized tubes for water, gas, and industrial conveyance
🛤️
Highway Crash Barriers
W-beam and Thrie-beam metal crash barriers engineered strictly for road safety and national expressways
💡
GI Tubular Poles
Tubular poles serving street illumination, public utilities, and rural electrification networks
🏭
Integrated Hisar Facility
In-house tube mills, galvanizing plants, and quality testing labs in Haryana supported by 53 dealers
Competitive Strengths
🏆Over 50 years of proven operational track record establishing brand authority in structural steel manufacturing
🤝Entrenched institutional relationships with infrastructure contractors alongside a strong northern dealer network
⚙️Successfully diversified into high-growth public utility offerings including crash barriers and GI poles
📈Substantial financial profile recording ₹675.94 Cr in FY26 income and a solid 26.28% return on equity (ROE)
Company Promoters
AJ
Abhishek Jindal & Sonam Jindal
Promoters, Jindal Supreme (India) Ltd.
📅 Key Dates
IPO Opens16 Sep 2026
IPO Closes18 Sep 2026
Allotment21 Sep 2026
Refund & Share Credit22 Sep 2026
Listing Day23 Sep 2026
💡 Quick Summary
Price Band₹88 – ₹93
Upper Price₹93 / share
Lot Size161 shares
Min. Investment (Retail)₹14,973
Issue Size₹124.88 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
Bigshare Services Pvt.Ltd.
📞 8657578989 / 8069219065
[email protected]
Lead Manager
Sarthi Capital Advisors Pvt.Ltd.
📍 Registered Address
Jindal Supreme (India) Ltd.
9th KM, O P Jindal Marg,
Hisar Cantt, Hisar,
Haryana — 125006
📞 016 6223 6500
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Jindal Supreme (India) Limited IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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