Jindal Supreme IPO

The Jindal Supreme mainboard IPO is open between 16 Sept 2026 and 18 Sept 2026, offered at an issue price of ₹93 per share, and is set to list on NSE and BSE. The IPO seeks to raise ₹124.88 crore. Retail investors bid in lots of 161 shares.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward repayment/pre-payment, in full or in part, of certain outstanding borrowings (₹71 crore), alongside general corporate purposes.

Financials

In FY2026, Jindal Supreme reported revenue of ₹191.09 crore and a net profit of ₹8.28 crore. Revenue declined from ₹650.88 crore in FY2024 to ₹191.09 crore in FY2026 (-71.0%). Net worth stood at ₹105.02 crore at the end of FY2026. At the upper band, that puts the issue at roughly 16.6× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Peer comparison

The offer document names listed peers including Hi-tech Pipes Ltd and Sambhv Steel Tubes Ltd, with a median peer P/E of about 23.1×.

Promoters

The promoters of the company are <p>Abhishek Jindal, Sonam Jindal</p>. Promoter holding stands at 100% before the issue and comes down to 73.68% after listing.

Grey market premium (GMP)

In the unofficial grey market, Jindal Supreme shares are quoted at a premium of ₹11 implying an expected listing around ₹104, about +11.8% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Jindal Supreme IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Jindal Supreme

Incorporated in 1974, Jindal Supreme (India) Ltd is engaged in the manufacturing and supply of a wide range of steel pipes, tubes and related products used across infrastructure and industrial applications. The company&rsquo;s product portfolio includes MS black pipes, tubes, galvanized pipes, metal beam crash barriers and GI tubular poles. These products cater to sectors such as water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture, and rural electrification. The company reported a dealer network of 51, 49, 34 and 30 dealers for the period ended June 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. Revenue is generated from the sale of MS steel black pipes, galvanized pipes, metal beam crash barriers, GI poles and other operating income. Its manufacturing facility is located at 9th KM, O P Jindal Marg, Hisar Cantt, Hisar &ndash; 125006, Haryana, and is equipped with raw material handling and preparation equipment including an uncoiler, shear and end cutting machine, and coil accumulator. As on June 30, 2025, the company employed 231 personnel.