In Progress
Valuation
Market Cap
₹474.52 Cr
P/E Ratio
16.64x
P/B Ratio
5.02x
Jindal Supreme IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Business Overview
Jindal Supreme company is engaged in the manufacturing and supply of a different range of steel pipes, tubes and catering to requirements of multiple infrastructure and industrial applications. Our product portfolio includes Mild Steel (MS) black pipes, tubes, galvanized pipes, metal beam crash barriers, and galvanized iron (GI) tubular poles. These products are manufactured in various dimensions, meeting a wide range of customer needs. Each of our products is manufactured as per Indian Standards, ensuring consistent quality, durability, and compliance with domestic and international benchmarks. The company's products find application in industry segments like Water Supply and Plumbing, Infrastructure & Construction, Road & Highways, Bridges, Oil & Gas, Chemicals, Agriculture, rural electrification and others.
Lots & IPO Size
Jindal Supreme IPO Lot Size
| Category | 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 |
Category Reservation
QIB 50%
NII 15%
Ret 35%
Employee
B1
Shareholder
B2
Jindal Supreme IPO Size
Total
₹125 Cr
Fresh Issue
₹100 Cr
(1.07 Cr
Shares)
Offer For Sale
₹25 Cr
(0.27 Cr
Shares)
Promoters₹25 Cr
Objects of the Issue
Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company
General Corporate Purposes
Total
Key Risk Factors
Our manufacturing operations are concentrated at a single facility in Hisar, Haryana. Any disruption, breakdown, or shutdown of machinery, power outages, natural disasters, or adverse regional developments could materially and adversely affect our business, financial condition, and results of operations.
Key Risk Factors
Our manufacturing operations are concentrated at a single facility in Hisar, Haryana. Any disruption, breakdown, or shutdown of machinery, power outages, natural disasters, or adverse regional developments could materially and adversely affect our business, financial condition, and results of operations.
Our business is working capital intensive, with working capital requirements of Rs. 13,147.25 lakhs in Fiscal 2026 funded through a mix of borrowings and internal accruals. Any inability to secure or manage adequate working capital in the future may adversely affect our operations and growth.
Our top 10 suppliers contributed 72.31%, 76.23%, 70.92% and 75.73% of our total purchases for the period ended June 30, 2026 and Fiscals 2026, 2025 and 2024 respectively. Any delay, shortage, or discontinuation of supply from these suppliers could adversely affect our production and operations.
Our production costs are vulnerable to fluctuations in prices of key raw materials, particularly Mild Steel Coils, MS Hot-Rolled Coil, and Galvanizing Materials, which have historically been volatile due to factors beyond our control. Significant price increases could adversely affect our margins and financial results.
A significant portion of our revenue from operations is derived from the sale of Black Pipes and Galvanized Pipes. Any decline in demand for these products or delays in order placement could adversely affect our ability to sustain sales, earnings, and cash flows.
We derived a significant portion of our revenue from customers in Haryana, with our largest customer contributing 24.09% of revenue from operations for the period ended June 30, 2026. Any adverse developments affecting these key customers or the region could materially impact our revenue and results of operations.
In the past our Company had negative cash flows from operating, investing, and financing activities in certain periods, and we may experience negative cash flows in the future, which could adversely affect our liquidity and ability to fund operations and growth.
We derived 24.19% of our revenue for the period ended June 30, 2026, and 28.55%, 30.60% and 29.44% for Fiscals 2026, 2025 and 2024 respectively, from operations in Haryana. Adverse social, political, or natural developments affecting this region could adversely impact our revenue and results of operations.
Our Promoters have not created any pledge or encumbrance over their equity shareholding in our Company. However, any future pledge or encumbrance could result in a loss or dilution of control, adversely affecting investor confidence and the market price of our Equity Shares.
We do not own the land on which our manufacturing plant is situated; it has been obtained on a leave and license basis from a related party. If the lease is terminated or not renewed on acceptable terms, it could adversely affect our business, operations, and cash flows.
Jindal Supreme IPO Details Live GMP
GMP
₹11
Est. Price
₹104
Est. Gain
11.83%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 09 Sep | ₹11 (11.8%) | ₹104 |
| 08 Sep | ₹0 (0%) | ₹93 |
Jindal Supreme IPO Peer Comparison
(Rs. in crores)
| Particulars | Jindal Supreme | Vibhor Steel | Sambhv Steel | Hi-Tech Pipes |
|---|---|---|---|---|
| Revenue | 675.39 | 1,149.35 | 2,413.24 | 4,200.07 |
| PAT | 22.53 | 8.79 | 142.15 | 76.16 |
| EPS (₹) | 5.59 | 4.64 | 1.81 | 3.77 |
| RONW | 26.28% | 4.57% | 18.35% | 6.07% |
| EBITDA | 6.16% | 3.78% | 11.45% | 4.13% |
| PAT Mrgn | 3.33% | 0.76% | 5.87% | 1.81% |
| PE Ratio | 16.64 | 23.06 | 65.55 | 22.31 |
| Debt to Equity | 1.24 | 0.01 | 0.04 | 0.02 |
- All information pertains to FY 2025-26.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 11, 2026 for Peers
Jindal Supreme IPO Financial Performance
(Rs. in crores)
| Particulars | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Revenue | 190.94 | 675.39 | 586.40 | 645.44 |
| PAT | 8.28 | 22.53 | 24.27 | 12.87 |
| Net Worth | 105.02 | 96.82 | 74.64 | 50.31 |
| Borrowings | 92.46 | 119.87 | 95.84 | 104.92 |
| Assets | 232.65 | 248.41 | 200.33 | 181.16 |
| NAV (₹) | 26.07 | 18.53 | 12.49 | 10.35 |
| EPS (₹) | 2.05 | 5.59 | 6.02 | 3.20 |
Key Performance Indicators (KPIs)
Debt to Equity
1.24
All the data pertains to FY 2025-26.
PE, PB, and market capitalization are calculated based on the Upper Price Band.
Financial Margin Trends
Jindal Supreme IPO Financial Statements
(Rs. in crores)
| Particulars | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Revenue from Ops | 190.94 | 675.39 | 586.40 | 645.44 |
| Other Income | 0.15 | 0.55 | 18.34 | 5.44 |
| Total Income | 191.09 | 675.94 | 604.74 | 650.88 |
| Materials consumed | 162.85 | 578.60 | 520.26 | 587.42 |
| Changes in Inventories | -1.58 | -3.76 | -2.74 | -2.83 |
| Employee Expense | 1.73 | 7.03 | 6.74 | 9.26 |
| Finance Costs | 1.96 | 8.60 | 8.73 | 7.70 |
| Depreciation | 0.91 | 3.43 | 3.14 | 3.77 |
| Other Expenses | 14.19 | 51.88 | 36.21 | 30.47 |
| Total Expenses | 180.05 | 645.79 | 572.35 | 635.80 |
| Profit Before Tax | 11.03 | 30.15 | 32.39 | 15.07 |
| Tax Expense | 2.76 | 7.63 | 8.12 | 2.20 |
| Profit After Tax | 8.28 | 22.53 | 24.27 | 12.87 |
| EPS — Basic (₹) | 2.05 | 5.59 | 6.02 | 3.20 |
| EPS — Diluted (₹) | 2.05 | 5.59 | 6.02 | 3.20 |
| Particulars | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Equity Share Capital | 40.28 | 40.28 | 1.92 | 1.92 |
| Other Equity | 64.74 | 56.54 | 72.72 | 48.39 |
| Total Equity | 105.02 | 96.82 | 74.64 | 50.31 |
| Total Borrowings | 92.46 | 119.87 | 95.84 | 104.92 |
| Trade Payables | 7.67 | 11.04 | 6.74 | 8.74 |
| Other Liabilities | 27.50 | 20.68 | 23.12 | 17.18 |
| Total Equity & Liab | 232.65 | 248.41 | 200.33 | 181.16 |
| Fixed Assets | 95.39 | 94.81 | 88.67 | 86.63 |
| Inventories | 81.51 | 100.31 | 71.72 | 54.47 |
| Trade Receivables | 32.99 | 33.24 | 21.67 | 22.25 |
| Cash & Bank Bal | 0.16 | 0.01 | 0.01 | 0.04 |
| Other Assets | 22.60 | 20.03 | 18.26 | 17.76 |
| Total Assets | 232.65 | 248.41 | 200.33 | 181.16 |
| Particulars | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| Cash Flow from Operating Activities | 32.45 | -5.69 | 5.74 | 20.20 |
| Cash Flow from Investing Activities | -1.35 | -9.86 | 11.89 | -43.05 |
| Cash Flow from Financing Activities | -30.95 | 15.54 | -17.66 | 22.87 |
| Net Change in Cash & Equivalents | 0.15 | 0.00 | -0.03 | 0.03 |
| Cash & Equivalents at End of Period | 0.16 | 0.01 | 0.01 | 0.04 |
Promoter Holding
Promoter
100.00%
Public
0.00%
Abhishek Jindal
80.97%
VVJ Enterprise Pvt Ltd
9.10%
Janak Raj Jindal & Sons HUF
8.84%
Sonam Jindal
1.06%
Others
0.03%
Management
Abhishek Jindal
Age: 40
MD
Remuneration
₹Rs. 4,00,000 per month + perquisites/allowances as determined by Board
Education
Bachelor's in Arts (University of Greenwich)
Prior Experience
18+ years in ERW pipes & tubes industry; previously associated with Jindal Retail (India) Pvt Ltd
Madan Gopal Babbar
Age: 64
WTD
Remuneration
₹Rs. 88,000 per month + perquisites/allowances as determined by Board
Education
Bachelor's in Arts (University of Kurukshetra, 1984)
Prior Experience
36 years at the Company in Accounts/Finance; previously with Jindal City Pvt Ltd, VVJ Enterprise Pvt Ltd
Ashish Chugh
CFO
Remuneration
₹Gross annual remuneration of Rs. 12.00 lakhs as per terms of appointment
Education
Member, Institute of Chartered Accountants of India (since Oct 2015)
Prior Experience
7+ years in finance & accounts; previously Assistant Finance Manager at Lemon Tree Hotels Limited
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: Jindal Supreme (India) Limited
Address: 9th KM, O P Jindal Marg, Hisar Cantt, Hisar - 125006, Haryana
Number: 016 6223 6500
Email: cs@jindalsupreme.com
Website: www.jindalsupreme.com
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Frequently Asked Questions (FAQs)
What is Jindal Supreme IPO?
Jindal Supreme IPO is a Mainboard IPO having an issue size of
₹125 Crs.
Jindal Supreme IPO is priced at
₹88 - ₹93 per
share.
The
issue opens on 16 Sep 26
and
closes on 18 Sep 26.
When will Jindal Supreme IPO open?
Jindal Supreme IPO opens on
16 Sep 26 and closes on
18 Sep 26.
What is the GMP of Jindal Supreme IPO?
The estimated Grey Market Premium of Jindal Supreme IPO is
₹11 per share (11.83%).
What is the lot size of Jindal Supreme IPO?
The minimum lot size of Jindal Supreme IPO is
161 shares & the minimum application amount
is
Rs.
14973.
When is the allotment of Jindal Supreme IPO?
The allotment date of Jindal Supreme IPO is
21 Sep 26.
What is the listing date of Jindal Supreme IPO?
The listing date of Jindal Supreme IPO is
23 Sep 26.
What is the subscription of Jindal Supreme IPO?
Jindal Supreme IPO is subscribed
-.
What is the price band of Jindal Supreme IPO?
Jindal Supreme IPO is priced at
₹88 - ₹93 per
share.
How to check allotment status of Jindal Supreme IPO?
Click the allotment link on Jindal Supreme IPO page of IPO360.
How to apply Jindal Supreme IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Jindal Supreme IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Jindal Supreme IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Jindal Supreme IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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