Jindal Supreme India Limited IPO – The Indian Finance
The Jindal Supreme India Limited IPO – The Indian Finance is a mainboard IPO that has attracted attention from investors looking at India’s steel and infrastructure sector. Jindal Supreme (India) Limited manufactures and supplies steel pipes, tubes and other steel products used across construction, infrastructure, water supply, roads, highways, agriculture and industrial applications.
The company has also expanded into metal beam crash barriers and GI tubular poles, adding products that are used in road safety, highway infrastructure, street lighting and electrification.
For those following the Jindal Supreme India Limited IPO – The Indian Finance, here are the key details, company overview, financial performance, IPO structure and important dates in simple terms.
Jindal Supreme India Limited IPO – Key Details
The Jindal Supreme India Limited IPO – The Indian Finance is a book-built issue with a total size of approximately ₹124.88 crore.
| Particular | Details |
|---|---|
| Company | Jindal Supreme (India) Limited |
| IPO Type | Mainboard IPO |
| IPO Opening Date | 16 September 2026 |
| IPO Closing Date | 18 September 2026 |
| Price Band | ₹88 – ₹93 per share |
| Face Value | ₹10 per share |
| Issue Size | ₹124.88 crore |
| Fresh Issue | ₹99.89 crore |
| Offer for Sale | ₹24.99 crore |
| Lot Size | 161 shares |
| Minimum Investment | ₹14,973 |
| Listing | BSE & NSE |
| Allotment Date | 21 September 2026 |
| Listing Date | 23 September 2026 |
The above IPO structure and schedule are reported by IPOHub and are also broadly reflected in current IPO information from The Economic Times.
About Jindal Supreme (India) Limited
Jindal Supreme (India) Limited operates in the steel products manufacturing business. Its main products include MS black pipes and tubes, galvanized pipes and tubes, metal beam crash barriers and GI tubular poles.
These products are used in several industries and infrastructure applications. The company serves areas such as construction, water supply, roads and highways, oil and gas, chemicals, agriculture and rural electrification.
The company follows a largely B2B business model. It sells products directly to institutional and industrial customers and also works through a dealer network.
As of June 30, 2026, the company had 53 dealers, mainly across Northern India.
What Does Jindal Supreme Manufacture?
The company has a diversified product portfolio rather than focusing on just one steel product.
Its key products include:
MS black pipes and tubes
Galvanized pipes and tubes
Metal beam crash barriers
GI tubular poles
The company entered the metal beam crash barrier segment in FY2025 and the GI tubular poles segment in FY2026. These additions allow the company to participate in infrastructure-related applications such as road safety, highway projects, street lighting and electrification.
This diversification is one of the important points investors may consider while studying the Jindal Supreme India Limited IPO – The Indian Finance.
Manufacturing Facility
Jindal Supreme operates a manufacturing facility in Hisar, Haryana.
The facility includes manufacturing mills, welding and galvanizing plants, testing equipment and an in-house maintenance workshop. These facilities support the company’s manufacturing activities across pipes, tubes, crash barriers and GI tubular poles.
As of June 30, 2026, the company had 242 employees.
Jindal Supreme IPO Issue Structure
The Jindal Supreme India Limited IPO – The Indian Finance consists of both a fresh issue and an offer for sale.
The total issue size is 1,34,28,000 equity shares, valued at approximately ₹124.88 crore at the upper end of the price band.
The structure includes:
Fresh Issue: 1,07,41,149 shares worth ₹99.89 crore
Offer for Sale: 26,86,851 shares worth ₹24.99 crore
The price band has been fixed at ₹88 to ₹93 per share.
Minimum Investment Required
The retail investor lot size for the Jindal Supreme India Limited IPO – The Indian Finance is 161 shares.
At the upper price of ₹93 per share, one lot requires an investment of approximately ₹14,973.
Retail investors can apply for up to 13 lots, representing 2,093 shares, with an investment of approximately ₹1,94,649 at the upper price band.
Important IPO Dates
The important dates for the Jindal Supreme India Limited IPO – The Indian Finance are:
IPO Opens: 16 September 2026
IPO Closes: 18 September 2026
Basis of Allotment: 21 September 2026
Refund Initiation: 22 September 2026
Shares Credited to Demat: 22 September 2026
Expected Listing: 23 September 2026
The shares are proposed to be listed on both the BSE and NSE.
How Will the IPO Money Be Used?
A major portion of the fresh issue proceeds is intended for reducing the company’s outstanding borrowings.
According to the IPO details, approximately ₹71 crore is proposed to be used for repayment or pre-payment, in full or in part, of certain outstanding borrowings.
The remaining proceeds are intended for general corporate purposes.
Jindal Supreme Financial Performance
The financial performance of a company is an important part of understanding any IPO.
Jindal Supreme reported the following figures:
| Financial Year | Revenue | Profit After Tax |
|---|---|---|
| FY2024 | ₹650.88 crore | ₹12.87 crore |
| FY2025 | ₹604.74 crore | ₹24.27 crore |
| FY2026 | ₹675.94 crore | ₹22.53 crore |
For the quarter ended June 30, 2026, the company reported revenue of ₹191.09 crore and profit after tax of ₹8.28 crore.
The figures show that revenue increased in FY2026 compared with FY2025, while profit after tax was lower than the previous year’s figure.
Strengths of the Company
The Jindal Supreme India Limited IPO – The Indian Finance discussion also includes several factors associated with the company’s business.
Some of the key points include:
Diversified Product Portfolio
The company manufactures pipes, tubes, crash barriers and GI tubular poles, giving it exposure to multiple infrastructure applications.
Established Manufacturing Operations
The company has been operating for several decades, with its operations dating back to 1974 according to the IPO information.
Dealer Network
The company has an established dealer network along with direct sales to institutional and industrial customers.
Manufacturing Infrastructure
Its Hisar facility includes manufacturing, galvanizing, testing and maintenance capabilities.
Infrastructure Exposure
The company’s products are used in construction, roads, water supply, electrification and other infrastructure-related applications.
Risks to Consider
Like any business, Jindal Supreme also faces certain risks.
The company operates in a competitive steel industry, where it faces competition from larger and established players.
Its business is also connected to infrastructure demand. Changes in construction activity, infrastructure spending and demand for steel products can therefore affect business performance.
Another factor to consider is the company’s borrowing exposure. The IPO proceeds are partly intended to reduce outstanding borrowings.
These factors are important to understand when researching the Jindal Supreme India Limited IPO – The Indian Finance.
Investor Reservation
The IPO allocation mentioned in the available IPO details is:
Qualified Institutional Buyers (QIB): 50%
Non-Institutional Investors (NII/HNI): 15%
Retail Investors: 35%
This provides different allocation categories for different types of investors.
Promoters
The promoters listed for Jindal Supreme (India) Limited are:
Abhishek Jindal
Sonam Jindal
According to the IPO information, promoter holding is stated as 100% before the issue and 73.68% after the issue.
Jindal Supreme IPO – What Investors Should Know
The Jindal Supreme India Limited IPO – The Indian Finance is an IPO from a company operating in the steel products and infrastructure segment.
The company has an established manufacturing base, a dealer network and a product portfolio covering pipes, tubes, crash barriers and GI tubular poles.
The IPO has a price band of ₹88–₹93 per share, with a minimum retail investment of ₹14,973 for one lot of 161 shares. The issue is scheduled to open on September 16, 2026 and close on September 18, 2026, with listing scheduled for September 23, 2026.
At the same time, investors should look at the company’s financial performance, debt levels, competition, industry conditions and the intended use of IPO proceeds before making any investment decision.
Conclusion
The Jindal Supreme India Limited IPO – The Indian Finance brings Jindal Supreme (India) Limited to the public market with an issue size of ₹124.88 crore.
The company operates in the steel manufacturing space and supplies products used in construction, infrastructure, roads, water supply, electrification and other industrial applications. Its expansion into crash barriers and GI tubular poles has also broadened its product portfolio.
With the IPO proceeds partly planned for repayment or pre-payment of borrowings, the issue also has a debt-reduction component.
For investors researching the Jindal Supreme India Limited IPO – The Indian Finance, the key areas to understand are the IPO price, lot size, company financials, business model, product portfolio, use of funds and associated risks.
Investors should read the company’s official offer documents and consider their own financial circumstances before making an investment decision.
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