Jindal Supreme (India) IPO 2026: Date, Price Band, GMP and Details

Dates, price band, lot size, financials and full details of the Jindal Supreme (India) Limited IPO, sourced from the company's Red Herring Prospectus (RHP).

Jindal Supreme (India) IPO at a glance

Jindal Supreme (India) Limited is bringing a Book Built Mainboard IPO worth ₹124.88 crore. It is a mix of a fresh issue of shares worth ₹99.89 crore and an Offer for Sale (OFS) worth ₹24.99 crore. The IPO is open from 16 September to 18 September 2026 and is proposed to list on the BSE and the NSE.

Jindal Supreme (India) IPO Details

Jindal Supreme (India) IPO Timelines

Dates are tentative and may change.

Jindal Supreme (India) IPO GMP

GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).

About Jindal Supreme (India) Limited

Originally incorporated as Janak Steel Tubes Private Limited in March 1974, Jindal Supreme (India) Limited is a steel pipes and tubes manufacturer based in Hisar, Haryana. It manufactures and supplies a range of steel pipes and tubes, along with metal beam crash barriers and galvanized iron (GI) tubular poles, catering to infrastructure, water, road-safety, and industrial applications.

It operates from an integrated facility at Hisar with an installed capacity of 90,000 MTPA (metric tonnes per annum) for mild steel (MS) black pipes and tubes, 45,000 MTPA for galvanized pipes and tubes, 24,000 MTPA for metal beam crash barriers, and 12,000 MTPA for GI tubular poles. It sells mainly across Northern India through a network of 53 dealers. As of 30 June 2026, it had 242 employees.

The company's promoters are Abhishek Jindal and Sonam Jindal.

What are the Key Strengths of Jindal Supreme (India) (as stated in the RHP)

• Led by a qualified and experienced promoter (Abhishek Jindal, with 18 years of industry experience), supported by a professional management team and strong corporate governance.
• Cost and logistical advantages from the location of its manufacturing facility, in proximity to customers.
• Track record of healthy financial performance.
• Established selling and distribution network of 53 dealers (as of 30 June 2026).

What the Money Will Be Used For

The IPO is a fresh issue of ₹99.89 crore and an Offer for Sale (OFS) of ₹24.99 crore. The OFS money goes to the promoter group selling shareholders. The company will use the money from the fresh issue for the following:

What are the Company Financials of Jindal Supreme (India)

Restated standalone figures, in ₹ crore.

2-Yr Compound Annual Growth Rate (CAGR) is calculated from FY 2024 to FY 2026.

Who Can Apply

The offer is split across investor categories as follows:

How to Apply for the Jindal Supreme (India) IPO

You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.

1. Log in to your broker app or your bank's net banking.
2. Open the IPO section and select Jindal Supreme (India) IPO.
3. Enter the number of lots and your bid price, or select the cut-off price.
4. Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
5. Submit the application form.
6. Approve the mandate request in your UPI app to block the funds until allotment.

How to Check Allotment Status

The basis of allotment is expected to be finalised on 21 September 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.

• On the registrar's website, Bigshare Services, at the IPO status page.
• On the BSE or NSE website under the IPO allotment section.
• Inside your broker app, under orders or IPO history.

Key Risk Factors

The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.

• Its top 10 suppliers contributed 76.23% of its purchases in FY 2026, a high supplier concentration.
• Production costs are vulnerable to fluctuations in raw material prices, especially mild steel coils, hot-rolled coils, and galvanizing materials.
• Revenue depends significantly on the sale of black pipes and galvanized pipes.
• The business requires a significant amount of working capital for continued growth.
• It does not own the land on which its manufacturing plant is located; it is held on a leave-and-licence basis.
• Its revenue in FY 2025 was lower than in FY 2024, and revenue has fluctuated across years.
• It is highly dependent on its promoters, key managerial personnel, and senior management.
• There are outstanding legal proceedings involving the company, its promoters, and senior management.
• It has entered into related party transactions and may continue to do so.
• After the Issue, the promoters and promoter group will continue to exercise significant influence and control.

Frequently Asked Questions (FAQs)

1. When does the Jindal Supreme (India) IPO open and close?

The IPO opens on 16 September 2026 and closes on 18 September 2026.

2. What is the price band of the IPO?

The price band is ₹88 to ₹93 per share.

3. What is the lot size?

One lot is 161 shares. Applications are made in multiples of 161 shares.

4. What is the minimum investment for retail investors?

The minimum investment is ₹14,973 at the upper price band (1 lot of 161 shares).

5. When is the allotment date?

The allotment is expected to be finalised on 21 September 2026, with shares credited to demat accounts by 22 September 2026.

6. When is the listing date?

The shares are proposed to be listed on the BSE and the NSE on 23 September 2026 (tentative).

7. What does Jindal Supreme (India) do?

It is a steel pipes and tubes manufacturer based in Hisar, Haryana, also making metal beam crash barriers and GI tubular poles for infrastructure, water, road-safety, and industrial applications.

8. What is the GMP of the Jindal Supreme (India) IPO?

GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.

9. Who is the registrar for the IPO?

Bigshare Services Private Limited is the registrar. Allotment status can be checked on its website.

Read the full Red Herring Prospectus (RHP): View the official RHP filed with SEBI and the exchanges.

Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.