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Jindal Supreme IPOLISTED

NSE, BSEMainboardBook Built Issue

Jindal Supreme (India) Limited is a steel products manufacturer with over five decades of experience, offering pipes, tubes, crash barriers and GI tubular poles.

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Listing price

₹120

Listing gain

+29.03%

Current

₹120

Listed

23 Sept 26

Opens

16 Sept 26

Closes

18 Sept 26

Allotment

21 Sept 26

Refund

22 Sept 26

Demat

22 Sept 26

Listing

23 Sept 26

Listed at

₹120

+29.03% on 23 Sept 26

Min. investment₹14,973

GMP₹28 · +30.1%

Subscribed181.07x

Track in the app

Overview

Price band

₹88-93

Lot size

161 shares

Min. investment

₹14,973

Issue size

₹124.88 Cr

1.34 Cr shares

Fresh issue

₹99.89 Cr

1.07 Cr shares

Offer for sale

₹24.99 Cr

26.87 L shares

Face value

₹10 / share

Issue type

Book Built Issue

Listing at

NSE, BSE

Reservation

Anchor Investor 30%QIB 20%B-HNI 10%S-HNI 5%Individual 35%

Category	Shares offered	% of issue
Anchor Investor	40,28,400	30%
QIB	26,85,600	20%
NII (HNI)	20,14,200	15%
B-HNI	13,42,800	10%
S-HNI	6,71,400	5%
Individual	46,99,800	35%
Total	1,34,28,000	100%

Lot size & investment

Application	Lots	Shares	Amount
Retail (Min)	1	161	₹14,973
Retail (Max)	13	2,093	₹1,94,649
S-HNI (Min)	14	2,254	₹2,09,622
S-HNI (Max)	66	10,626	₹9,88,218
B-HNI (Min)	67	10,787	₹10,03,191

Listing performance

NSE/BSE: JINDALSUPREME

Listing gain

+29.03%

Gain per retail lot

₹4,347

Latest vs issue

—

GMP was

₹28 (+30.11%)

₹93

₹121+30.11%

₹120+29.03%

Issue price

GMP estimate

Listing price

Latest price appears here during market hours.

Jindal Supreme Live GMP

GMP₹28

Est. Price₹121

Est. Gain30.11%

Not enough GMP history yet to draw a trend.

GMP × retail lot ₹4,508GMP × S-HNI min ₹63,112Expected listing ~ ₹121GMP is unofficial and changes often. Data as of 18 Sept, 05:54 pm.

Subscription

18 Sept, 05:54 pm

Oversubscribed 181.07 times · 38,25,409 applications

QIB

126.41x

NII (HNI)

327.99x

S-HNI

375.61x

B-HNI

304.18x

Retail

149.34x

Total

181.07x

Total applications

38,25,409

Total bid amount

₹15,828 Cr

Category breakdown

Category	Shares offered	Shares bid	Times	Bid amount
QIB	26,85,600	33,94,88,625	126.41x	₹3,157 Cr
NII (HNI)	20,14,200	66,06,43,214	327.99x	₹6,144 Cr
B-HNI	13,42,800	40,84,58,610	304.18x	₹3,799 Cr
S-HNI	6,71,400	25,21,84,604	375.61x	₹2,345 Cr
Retail	46,99,800	70,18,51,164	149.34x	₹6,527 Cr
Total	93,99,600	1,70,19,83,003	181.07x	₹15,828 Cr

Application-wise breakup

Category	Applications reserved	Applied	Times
B-HNI	596	36,887	61.89x
S-HNI	298	1,06,459	357.24x
Retail	29,191	36,76,575	125.95x

Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).

Financials

(₹ in crores)

Key performance indicators

As of 30 Jun 2026

ROE

8.2%

PAT Margin

4.33%

ROCE

6.14%

EBITDA Margin

7.2%

Debt to Equity Ratio

0.88

Price to Book Value

3.57

RoNW

8.2%

Valuation vs listed peers

EPS Pre IPO

₹5.59

EPS Post IPO

₹6.49

P/E Pre IPO

16.64

P/E Post IPO

14.33

Price-to-earnings

Jindal Supreme (post-issue)

14.33×

Vibhor Steel Tubes Limited

23.06×

Sambhv Steel Tubes Limited

65.55×

Hi-Tech Pipes Limited

22.31×

Company	P/E	P/B	RoNW	Face value
Vibhor Steel Tubes Limited	23.06	—	—	—
Sambhv Steel Tubes Limited	65.55	—	—	—
Hi-Tech Pipes Limited	22.31	—	—	—

Peer median P/E 23.1× · Ratios as disclosed in the offer document.

Buzz AI analysis

From this IPO's filings and market data · educational, not investment advice

Revenue growth FY24 → FY26

+3.9%

Profit growth FY24 → FY26

+75.1%

P/E vs peer median

14.3× vs 23.1×

PAT margin 4.3% and ROCE 6.1%.
Priced below its listed-peer median P/E.

Strengths & risks

Diversified Product Portfolio across pipes, tubes, crash barriers and GI tubular poles.
Long Operating History with operations dating back to 1974.
Integrated Manufacturing Facility with in-house production and quality control capabilities.
Established Sales Network comprising direct institutional sales and dealers.

6.2/10

Buzz score · Neutral

From GMP, subscription and issue size

Financials5.3

Growth6.7

Business5.6

Demand8.7

Risk7.2

Objects of the issue

Purpose	Amount (₹ Cr)
Repayment/pre-payment, in full or in part, of certain outstanding borrowings.	71
General Corporate Purposes.	-

Company & documents

Jindal Supreme (India) Limited is engaged in manufacturing and supplying steel pipes, tubes and other steel products for infrastructure and industrial applications.

Its product portfolio includes MS black pipes and tubes, galvanized pipes and tubes, metal beam crash barriers and GI tubular poles, serving sectors such as construction, water supply, roads and highways, oil and gas, chemicals, agriculture and rural electrification.

The Company expanded its product portfolio by entering the metal beam crash barriers segment in Fiscal 2025 and GI tubular poles segment in Fiscal 2026, catering to road safety, highways, street lighting, electrification and other public utility infrastructure.

The Company primarily follows a B2B business model, selling directly to institutional and industrial customers while also serving customers through its dealer network. As of June 30, 2026, it had 53 dealers, primarily across Northern India.

The Company’s manufacturing facility in Hisar, Haryana, is equipped with mills, welding and galvanizing plants, testing equipment and an in-house maintenance workshop, supporting its steel pipes, tubes, crash barriers and GI tubular poles business.

As of June 30, 2026, the Company had an employee base of 242 employees.

Registrar

Bigshare Services Pvt. Ltd.

Phone: 8657578989/8069219065/8069219060

Email: ipo@bigshareonline.com

Web: https://ipo.bigshareonline.com/IPO_Status.html

Company contact

Jindal Supreme Ltd.

9th KM, O P Jindal Marg, Hisar Cantt, Hisar, Haryana, 125006

Phone: 016 6223 6500

Email: janaksteel@gmail.com

Web: https://jindalsupreme.com/