Jindal Supreme IPO 2026: GMP, Price, Dates, Lot Size, Financials & Should You Invest?

The Jindal Supreme IPO 2026 is an upcoming Mainboard IPO in the Iron & Steel Products sector. The public issue is scheduled to open for subscription on September 16, 2026, and close on September 18, 2026. The company plans to raise ₹124.88 crore through a combination of a fresh issue of ₹99.89 crore and an Offer for Sale of ₹24.99 crore.

The IPO price band has been fixed at ₹88 to ₹93 per equity share, while the lot size is 161 shares. At the upper price band, retail investors need a minimum investment of ₹14,973. The shares are proposed to be listed on both the BSE and NSE on September 23, 2026.

Jindal Supreme (India) Limited manufactures steel pipes, tubes and related products used across infrastructure, construction, water supply, oil and gas, agriculture and other industrial applications.

Jindal Supreme IPO Details

Jindal Supreme IPO Timeline

Allotment, refund, demat credit and listing dates are tentative and subject to change.

Jindal Supreme IPO GMP Today

The Jindal Supreme IPO GMP is ₹11 as of September 9, 2026.

Based on the upper price band of ₹93 and the reported GMP of ₹11, the estimated listing price is ₹104, indicating an estimated gain of 11.83% over the issue price.

The GMP is based on unofficial grey-market activity and can change before listing.
Disclaimer: GMP is sourced from grey-market dealers and is indicative only. Investors should not make an investment decision solely based on GMP.

Jindal Supreme IPO Subscription Status

The Jindal Supreme IPO will open for subscription on September 16, 2026. Therefore, live subscription data is not available yet.

Once bidding begins, the subscription figures will be updated based on exchange data.

Jindal Supreme IPO Day-wise Subscription Trend

Since the IPO has not opened yet, day-wise subscription data is currently unavailable.

Investors can track the subscription trend across Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) after the issue opens.

What is the Current Subscription Data forJindal Supreme?

The current subscription data is not available because the IPO has not opened for bidding.

Once the issue opens, live subscription figures will be updated based on bids received from QIB, NII and Retail investors.

Jindal Supreme IPO Lot Size

The minimum bid for the Jindal Supreme IPO is 161 shares, and investors can bid in multiples of 161 shares.
At the upper price band of ₹93 per share, the investment requirement is:

Jindal Supreme IPO Reservation

The IPO reservation for different investor categories is as follows:

About Jindal Supreme (India) Ltd.

Jindal Supreme (India) Limited was incorporated in 1974 and operates in the Iron & Steel Products sector. The company manufactures and supplies steel pipes, tubes and other steel products used across infrastructure and industrial applications.

Its product portfolio includes MS black pipes, tubes, galvanized pipes, metal beam crash barriers and GI tubular poles.

The company serves a wide range of industries, including water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification.

Jindal Supreme reported a dealer network of 51 dealers as of June 2025, compared with 49 in FY25, 34 in FY24 and 30 in FY23.

The company's manufacturing facility is located at 9th KM, O P Jindal Marg, Hisar Cantt, Hisar, Haryana. The facility is equipped with raw-material handling and preparation equipment including an uncoiler, shear and end-cutting machine and coil accumulator.

As of June 30, 2025, the company had 231 employees.

Jindal Supreme Product & Business Portfolio

Jindal Supreme's major products include:

• MS black pipes
• Steel tubes
• Galvanized pipes
• Metal beam crash barriers
• GI tubular poles
• Other steel products

These products are used in several end-use industries, giving the company exposure to infrastructure development, construction, water supply, roads, agriculture, oil and gas and rural electrification.

Jindal Supreme IPO Objectives

The company proposes to utilise the net proceeds from the fresh issue primarily for repayment or pre-payment of outstanding borrowings.

The major objective is therefore to reduce the company's outstanding debt and strengthen its balance sheet.

Jindal Supreme Financial Performance

Financial Highlights – Restated Consolidated

The company's total income increased from ₹604.74 crore in FY25 to ₹675.94 crore in FY26, while EBITDA increased from ₹25.92 crore to ₹41.63 crore.

However, PAT declined from ₹24.27 crore in FY25 to ₹22.53 crore in FY26, representing a decline of around 7%.

The company's borrowings stood at ₹92.46 crore as of June 30, 2026, compared with ₹119.87 crore at the end of FY26. A significant portion of the IPO proceeds is proposed to be used for debt repayment.

Jindal Supreme Key Financial Ratios

FY26 ROE stood at 26.28%, while ROCE was 16.78%. The company also reported a 26.28% RoNW.

The PAT margin remained relatively low at 3.33%, reflecting the competitive and margin-sensitive nature of the steel-products business.

Jindal Supreme IPO Valuation

Based on the supplied valuation data, Jindal Supreme has an EPS of ₹5.59 before the IPO and ₹6.49 after the IPO.

At the upper price band of ₹93, the post-IPO P/E is 14.33x, based on the supplied post-issue EPS.

Jindal Supreme Promoter Holding

The promoters of Jindal Supreme (India) Limited are:

• Abhishek Jindal
• Sonam Jindal

The promoter holding is expected to decline from 100% before the IPO to 73.68% after the IPO.

Jindal Supreme IPO Peer Comparison

Jindal Supreme's reported RoNW of 26.28% is higher than the selected peer companies in the supplied comparison.

Its post-IPO P/E of 14.33x is also lower than the P/E multiples shown for Hi-Tech Pipes, Sambhv Steel Tubes and Vibhor Steel Tubes. However, investors should compare companies on business scale, growth, margins, debt and valuation rather than P/E alone.

Competitive Strengths of Jindal Supreme

• Diversified product portfolio: The company manufactures multiple steel products used across infrastructure and industrial applications.
• Wide end-user exposure: Its products cater to water supply, construction, roads, agriculture, oil and gas and rural electrification.
• Growing dealer network: The dealer network increased from 30 in FY23 to 51 by June 2025.
• Improving EBITDA: EBITDA increased from ₹21.11 crore in FY24 to ₹41.63 crore in FY26.
• Debt reduction opportunity: A significant portion of the fresh issue proceeds will be used for repayment or pre-payment of borrowings.
• Strong FY26 RoNW: The company reported RoNW of 26.28% in FY26.

Risks Investors Should Consider

• Steel price volatility: Changes in steel and raw-material prices can affect margins and profitability.
• Debt exposure: The company had borrowings of ₹92.46 crore as of June 30, 2026.
• Low PAT margin: FY26 PAT margin stood at only 3.33%, indicating limited profitability margins.
• Cyclical industry: Demand for steel products is linked to infrastructure, construction and industrial activity.
• Competition: The company operates in a competitive market with listed peers such as Hi-Tech Pipes, Sambhv Steel Tubes and Vibhor Steel Tubes.
• Profit decline: Despite higher income, FY26 PAT declined by around 7% compared with FY25.

Should You Invest in Jindal Supreme IPO?

Jindal Supreme IPO provides exposure to a steel-products manufacturer serving infrastructure, construction, water supply, agriculture and industrial sectors.

The company's key positives include growth in revenue and EBITDA, diversified products, a growing dealer network and strong FY26 RoNW of 26.28%. The proposed use of ₹71 crore from the IPO proceeds for debt repayment could also help strengthen the balance sheet.

On the other hand, investors should consider the company's relatively low PAT margin, steel-price volatility, outstanding borrowings and decline in FY26 PAT.

At the upper price band of ₹93, the supplied post-IPO P/E is 14.33x, which is below the P/E multiples of the selected peers. However, investors should evaluate this valuation alongside the company's growth rate, margins and industry risks.

The reported GMP of ₹11 indicates positive grey-market sentiment, with an estimated listing price of ₹104 based on the ₹93 upper price band. However, GMP is unofficial and should not be treated as a guaranteed listing return.

Overall, investors looking at Jindal Supreme IPO should consider the company's improving operating performance and valuation against its debt, margin profile and cyclical exposure before subscribing.

Jindal Supreme IPO Allotment Status

The basis of allotment for the Jindal Supreme IPO is expected on September 21, 2026, after the IPO closes on September 18.

Investors can check their allotment status through the official registrar, Bigshare Services Pvt. Ltd.

How to Check Jindal Supreme IPO Allotment Status?

• Visit the Bigshare IPO allotment page.
• Select Jindal Supreme from the issuer/company list.
• Enter your PAN, application number or DP ID/Client ID.
• Enter the required details.
• Submit the information.

Your share allotment status will be displayed on the screen.

Investors can also receive allotment and refund-related updates through their registered email address and mobile number.

Jindal Supreme IPO Registrar

• Bigshare Services Pvt. Ltd. is the registrar and transfer agent for the Jindal Supreme IPO.
• Address: Ahura Centre, Pinnacle Business Park, Mahakali Caves Road, Shanti Nagar, Andheri East, Mumbai.
• Phone: 8657578989 / 8069219065 / 8069219060
• Email: ipo@bigshareonline.com

Jindal Supreme IPO Lead Manager

Sarthi Capital Advisors Pvt. Ltd. is the Book Running Lead Manager for the Jindal Supreme IPO.

Jindal Supreme Company Details

• Company: Jindal Supreme (India) Ltd.
• Sector: Iron & Steel Products
• Registered Office: 9th KM, O P Jindal Marg, Hisar Cantt, Hisar, Haryana – 125006
• Phone: 016 6223 6500
• Email: janaksteel@gmail.com
• Website: Jindal Supreme

Jindal Supreme IPO Summary

The Jindal Supreme IPO is a ₹124.88 crore Mainboard book-built issue comprising a ₹99.89 crore fresh issue and ₹24.99 crore Offer for Sale. The IPO will open on September 16, 2026 and close on September 18, 2026, with listing expected on September 23, 2026 on the BSE and NSE.

The IPO price band is fixed at ₹88 to ₹93 per share, with a lot size of 161 shares. Retail investors need a minimum investment of ₹14,973 at the upper price band. The company plans to use ₹71 crore of the fresh issue proceeds primarily for repayment or pre-payment of outstanding borrowings.

Jindal Supreme manufactures steel pipes, tubes, galvanized pipes, metal beam crash barriers and GI tubular poles for infrastructure, construction, water supply, roads, agriculture, oil and gas and other industrial applications.

Financially, the company reported ₹675.94 crore total income and ₹22.53 crore PAT in FY26, while EBITDA stood at ₹41.63 crore. The company reported 26.28% ROE and RoNW in FY26.

However, PAT declined by around 7% compared with FY25, while the business remains exposed to steel-price volatility and relatively low profit margins.

At the upper price band, the supplied post-IPO P/E is 14.33x, compared with higher P/E multiples for the selected listed peers. The reported GMP of ₹11 indicates an estimated listing price of ₹104, although GMP remains unofficial and volatile.

Investors should evaluate the IPO based on its valuation, financial performance, debt position, industry outlook and long-term growth prospects rather than relying solely on GMP.

Jindal Supreme IPO FAQs

When will Jindal Supreme IPO open?

The Jindal Supreme IPO will open for subscription on September 16, 2026.

When will Jindal Supreme IPO close?

The IPO will close on September 18, 2026.

What is the Jindal Supreme IPO price band?

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

What is the Jindal Supreme IPO lot size?

The lot size is 161 shares.

What is the minimum investment for Jindal Supreme IPO?

Retail investors need a minimum investment of ₹14,973 at the upper price band.

What is the Jindal Supreme IPO GMP today?

The reported GMP is ₹11 as of September 9, 2026.

What is the estimated listing price of Jindal Supreme IPO?

Based on the ₹93 upper price band and ₹11 GMP, the estimated listing price is ₹104.

Where will Jindal Supreme shares be listed?

The shares are proposed to be listed on BSE and NSE.

What is the Jindal Supreme IPO issue size?

The total issue size is ₹124.88 crore, comprising ₹99.89 crore fresh issue and ₹24.99 crore OFS.

Who is the registrar of Jindal Supreme IPO?

Bigshare Services Pvt. Ltd. is the IPO registrar.

Who is the lead manager of Jindal Supreme IPO?

Sarthi Capital Advisors Pvt. Ltd. is the Book Running Lead Manager.

What is the objective of Jindal Supreme IPO?

The company plans to use ₹71 crore of the net proceeds for repayment or pre-payment of outstanding borrowings, with the remaining amount for general corporate purposes.

Disclaimer

This article is for informational and educational purposes only and should not be considered investment advice or a recommendation to buy or subscribe to the Jindal Supreme IPO. IPO details, dates, GMP and other information may change. GMP is unofficial and highly volatile and should not be considered a guaranteed listing gain. Investors should read the company's RHP/prospectus carefully, evaluate the financials, valuation and risk factors, and consult a SEBI-registered investment adviser before making investment decisions.

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.

She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.

Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.