Jindal Supreme IPO
Jindal Supreme, founded in March 1974, is one of the leading manufacturers and suppliers of steel pipes, tubes, and other steel products. 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 used in various applications such as water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among others.
IPO GMP
+₹30
+32% expected gain
Price Band
₹93
Lot Size
161 shares
Min Investment
₹14,973
Listing Date
September 23, 2026
About Jindal Supreme
Company overview, business, and key facts.
Jindal Supreme, founded in March 1974, is one of the leading manufacturers and suppliers of steel pipes, tubes, and other steel products. 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 used in various applications such as water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among others.
Moreover, in FY25, Jindal started to manufacture W-beam and Thrie-beam metal crash barriers used on highways and roads to improve safety. Later, in FY26, it started making GI tubular poles used for street lighting. Its manufacturing facility is located in Hisar which is equipped with mills, welding plants, galvanizing plants, and other machinery.
Founded
1974
Headquarters
Hisar, Haryana
Website
https://www.jindalsupreme.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Jindal Supreme IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹474.5 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
21.1x
Peer median 23.1x (discount of 8.7%)
Price to sales
0.7x
Revenue growth, 2026
+11.8%
1.9% a year over the period
Profit growth, 2026
-7.2%
32.3% a year over the period
Profit margin (PAT)
3.3%
EBITDA margin 6.16%
ROE / ROCE
26.28% / 16.78%
As published in the offer document
Debt to equity
1.24
Promoter holding
100% → 73.68%
Before → after the IPO
Issue mix
80% fresh / 20% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹4,830
161 shares on ₹14,973. GMP is unofficial.
Watch-outs
- Thin profit margin: PAT margin was 3.3% in 2026.
- Leverage: debt to equity is 1.24.
- Profit fell 7.2% in 2026.
- 100% of the disclosed use of proceeds is debt repayment.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Jindal Supreme's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Jindal Supreme IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Jindal Supreme IPO is trading at a grey market premium (GMP) of +₹30 (+32% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 180.23x overall — QIB: 126.41x, NII: 327.76x, Retail: 147.76x.
Jindal Supreme IPO subscription has closed. The shares are expected to list on September 23, 2026.
The minimum investment required is ₹14,973 for 161 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Jindal Supreme IPO — Frequently Asked Questions
What is Jindal Supreme IPO GMP today?
Jindal Supreme IPO GMP (grey market premium) today is +₹30, suggesting an estimated listing gain of +32%. GMP is indicative and subject to change.
What is the price band of Jindal Supreme IPO?
The price band for Jindal Supreme IPO is ₹93 with a lot size of 161 shares. The minimum investment required is ₹14,973.
When is Jindal Supreme IPO allotment date?
Jindal Supreme IPO allotment is expected to be finalised on September 21, 2026. You can check your allotment status on the registrar's website (Bigshare Services Pvt. Ltd.) using your PAN number.
When will Jindal Supreme IPO list on NSE/BSE?
Jindal Supreme IPO is expected to list on BSE, NSE on September 23, 2026.
How to check Jindal Supreme IPO allotment status?
To check Jindal Supreme IPO allotment status, visit the registrar's website (Bigshare Services Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Jindal Supreme IPO?
Jindal Supreme IPO has a GMP of +₹30. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Jindal Supreme IPO?
The lot size for Jindal Supreme IPO is 161 shares per lot. The minimum investment for retail investors is ₹14,973. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.