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    Jindal Supreme (India) IPO

    Updated 26 Oct 2026, 6:50 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Retail)

    ₹14,973

    1 lot · 161 shares at the upper price band

    Price band

    ₹93

    Latest GMP

    ₹30

    +32.3% of the ₹93 upper band

    Est. listing price

    ₹123

    Issue size

    ₹24.99 Cr

    Listing price

    ₹120.00

    NSE JSIPL, special pre-open price

    Listing gain

    +29.0%

    Listing price against the issue price

    First-day close

    ₹126.00

    Since issue

    +45.0%

    ₹134.82 close, 26 Oct 2026

    As NSE lists it

    The exchange's own issue data, NSE symbol JSIPL · read 27 Oct 2026, 12:15 am

    Price band
    ₹88–93
    Bidding
    16 Sept 2026 – 18 Sept 2026
    Subscribed (NSE)
    —
    Shares offered
    —
    Listed
    23 Sept 2026
    Issue price
    ₹93

    NSE's subscription counts bids on its own platform and can differ from the combined NSE + BSE figure above.

    Allotment status

    Check it on the registrar's page or either exchange with your PAN or application number.

    1. Allotment finalised21 Sept 2026(done)
    2. Refunds start22 Sept 2026(done)
    3. Shares credited to demat22 Sept 2026(done)
    4. Listing23 Sept 2026(done)
    Check on Bigshare Services Pvt.Ltd.Check on BSECheck on NSE

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    23 Sept 2026, 1:50 pm₹30₹123
    23 Sept 2026, 1:45 pm₹30₹123
    23 Sept 2026, 8:50 am₹30₹123
    23 Sept 2026, 8:45 am₹30₹123
    22 Sept 2026, 6:50 pm₹30₹123
    22 Sept 2026, 6:45 pm₹30₹123
    22 Sept 2026, 1:50 pm₹30₹123
    22 Sept 2026, 1:45 pm₹30₹123
    22 Sept 2026, 8:50 am₹30₹123
    22 Sept 2026, 8:45 am₹30₹123
    21 Sept 2026, 6:50 pm₹30₹123
    21 Sept 2026, 6:45 pm₹30₹123
    21 Sept 2026, 1:50 pm₹30₹123
    21 Sept 2026, 1:46 pm₹30₹123
    21 Sept 2026, 11:23 am₹30₹123
    21 Sept 2026, 8:45 am₹30₹123
    19 Sept 2026, 6:45 pm₹30₹123
    19 Sept 2026, 1:45 pm₹30₹123
    19 Sept 2026, 8:45 am₹30₹123
    18 Sept 2026, 6:45 pm₹30₹123
    18 Sept 2026, 1:45 pm₹30₹123
    18 Sept 2026, 8:45 am₹30₹123
    17 Sept 2026, 6:45 pm₹30₹123
    17 Sept 2026, 1:45 pm₹25₹118
    17 Sept 2026, 8:45 am₹25₹118
    16 Sept 2026, 6:45 pm₹24₹117
    16 Sept 2026, 1:45 pm₹27₹120
    16 Sept 2026, 8:50 am₹27₹120
    16 Sept 2026, 8:45 am₹27₹120
    15 Sept 2026, 9:28 pm₹27₹120
    15 Sept 2026, 9:20 pm₹27₹120
    15 Sept 2026, 8:37 pm₹27₹120
    15 Sept 2026, 8:30 pm₹27₹120
    15 Sept 2026, 8:00 pm₹27₹120
    15 Sept 2026, 2:12 pm₹27₹120
    15 Sept 2026, 2:10 pm₹27₹120
    15 Sept 2026, 12:09 am₹27₹120
    15 Sept 2026, 12:08 am₹27₹120
    14 Sept 2026, 2:27 pm₹27₹120
    14 Sept 2026, 2:25 pm₹27₹120
    12 Sept 2026, 9:50 pm₹23₹114
    12 Sept 2026, 9:49 pm₹21₹114
    12 Sept 2026, 5:41 pm₹21₹114
    12 Sept 2026, 5:40 pm₹21₹114
    12 Sept 2026, 1:26 pm₹21₹114
    12 Sept 2026, 1:25 pm₹21₹114
    11 Sept 2026, 10:33 pm₹17₹106
    11 Sept 2026, 10:31 pm₹13₹106
    11 Sept 2026, 6:20 pm₹17₹106
    11 Sept 2026, 6:19 pm₹13₹106
    11 Sept 2026, 1:35 pm₹17₹106
    11 Sept 2026, 1:33 pm₹13₹106
    11 Sept 2026, 12:30 pm₹16₹106
    11 Sept 2026, 12:25 pm₹13₹106
    11 Sept 2026, 12:20 pm₹13₹106
    11 Sept 2026, 11:58 am₹13₹106
    10 Sept 2026, 11:47 pm₹16₹106
    10 Sept 2026, 11:07 pm₹13₹106
    10 Sept 2026, 11:00 pm₹13₹106
    10 Sept 2026, 10:30 pm₹16₹106
    10 Sept 2026, 10:29 pm₹13₹106
    10 Sept 2026, 6:26 pm₹13₹106
    10 Sept 2026, 6:25 pm₹13₹106
    10 Sept 2026, 4:50 pm₹13₹106
    10 Sept 2026, 1:38 pm₹11₹104
    10 Sept 2026, 11:43 am₹11₹104
    10 Sept 2026, 11:40 am₹11₹104
    10 Sept 2026, 11:39 am₹11₹104
    9 Sept 2026, 10:39 pm₹11₹104

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    Mainboard
    Price band
    ₹93
    Issue size
    ₹24.99 Cr
    Lot size
    161
    Opens
    16 Sept 2026
    Closes
    18 Sept 2026
    Allotment
    21 Sept 2026
    Listing
    23 Sept 2026
    Est. listing price
    ₹123
    Listing price
    ₹120
    Listing gain
    +29.0%
    Registrar
    Bigshare Services Pvt.Ltd.
    Minimum investment
    ₹14,973 (1 lot · 161 shares)
    Face value
    ₹10 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital cum OFS
    Fresh issue
    ₹100 Cr
    Offer for sale
    ₹25 Cr
    Listing at
    BSE, NSE
    Refunds
    22 Sept 2026
    Shares credited
    22 Sept 2026
    Promoter holding
    100% before · 73.68% after
    Lead managers
    Sarthi Capital Advisors Pvt.Ltd.

    Offer documents & links

    Red Herring Prospectus (RHP)Check allotment statusCompany website

    Subscription by category

    As of 18 Sept 2026, 4:05 pm.

    Total subscription

    177.03x

    Qualified Institutional126.41×
    Non Institutional326.84×
    Retail Individual141.75×

    Full issue details

    Details as published for this issue, read 22 Sept 2026, 9:05 am. Verify against the RHP before applying.

    IPO Details

    IPO Date16 to 18 Sep, 2026
    Listing DateWed, Sep 23, 2026 (tentative)
    Face Value₹ 10 per share
    Price Band₹88 to ₹93
    Issue Price₹93 per share
    Lot Size161 Shares
    Sale TypeFresh capital cum OFS
    Issue TypeBookbuilding IPO
    Listing AtBSE, NSE
    Total Issue Size1,34,28,000 shares (agg. up to ₹ 125 Cr)
    Fresh Issue1,07,41,149 shares (agg. up to ₹ 100 Cr)
    Offer for Sale26,86,851 shares of ₹ 10 (agg. up to ₹ 25 Cr)
    Share Holding Pre Issue4,02,82,620 shares
    Share Holding Post Issue5,10,23,769 shares

    IPO Timetable (Tentative)

    IPO Open
    Wed, Sep 16, 2026
    IPO Close
    Fri, Sep 18, 2026
    Allotment
    Mon, Sep 21, 2026
    Refund
    Tue, Sep 22, 2026
    Credit of Shares
    Tue, Sep 22, 2026
    Listing
    Wed, Sep 23, 2026

    Issue Reservation

    • QIB50.00%
    • NII (HNI)15.00%
    • Retail35.00%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares% of Total IssueMax Allottees
    QIB67,14,00050.00%NA
    - Anchor Investor40,28,40030.00%NA
    - QIB (Ex. Anchor)26,85,60020.00%NA
    NII (HNI)20,14,20015.00%NA
    - bNII > ₹10L13,42,80010.00%595
    - sNII < ₹10L6,71,4005.00%297
    Retail46,99,80035.00%29,191
    Total1,34,28,000100.00%—

    Jindal Supreme IPO comprises a total issue size of 1,34,28,000 shares. Out of which, 67,14,000 (50.00%) are allocated to QIB , 20,14,200 (15.00%) allocated to NII 46,99,800 (35.00%) allocated to RII .

    IPO Lot Size

    Retail (Min)₹14,973
    Retail (Max)₹1,94,649
    S-HNI (Min)₹2,09,622
    S-HNI (Max)₹9,88,218
    B-HNI (Min)₹10,03,191
    IPO Lot Size: What an application costs at the upper price band, by category. Figures as published in the table below.
    ApplicationLotsSharesAmount
    Retail (Min)1161₹14,973
    Retail (Max)132093₹1,94,649
    S-HNI (Min)142,254₹2,09,622
    S-HNI (Max)6610,626₹9,88,218
    B-HNI (Min)6710,787₹10,03,191

    Investors can bid for a minimum of 161 shares and in multiples thereof.

    IPO Anchor Investors

    Bid DateTue, Sep 15, 2026
    Shares Offered40,28,400
    Anchor Portion (₹ Cr.)37.46
    Anchor lock-in period end date for 50% shares (30 Days)Wed, Oct 21, 2026
    Anchor lock-in period end date for remaining shares (90 Days)Sun, Dec 20, 2026

    Jindal Supreme IPO raises ₹ 37.46 crore from anchor investors . Jindal Supreme IPO Anchor bid date is September 15, 2026 .

    📝 Anchor Investors Letter (PDF)

    About Jindal Supreme (India) Ltd.

    Incorporated in March 1974 , Jindal Supreme (India) Limited has been engaged in the manufacturing and supply of steel pipes, tubes and other steel products catering to infrastructure and industrial applications for over five decades. Its product portfolio includes Mild Steel (MS) black pipes and tubes, galvanized pipes, metal beam crash barriers and Galvanized Iron (GI) tubular poles. These products are manufactured in various dimensions as per applicable Indian Standards and are used across water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among other applications.

    The Company has progressively diversified its product portfolio to address emerging infrastructure opportunities. In Fiscal 2025, it commenced manufacturing W-beam and Thrie-beam metal crash barriers, primarily used for road safety and highway infrastructure projects. In Fiscal 2026, it further expanded into GI tubular poles, which are used for street lighting, electrification projects and other public utility infrastructure. The Company primarily follows a B2B business model, with direct sales to institutional and industrial customers, including infrastructure contractors, while also serving customers through its dealer network.

    The Company's manufacturing facility is located in Hisar, Haryana, and is equipped with mills, welding plants, galvanizing plants and other machinery, supported by an in-house maintenance workshop and testing equipment. The Company has developed a network of dealers, primarily across the northern states of India, and focuses on expanding its dealer base and increasing volumes from existing dealers.

    As of June 30, 2026, the Company had 53 dealers and an employee base of 242 employees.

    Competitive Strengths

    Strong dealer and customer relationships.

    Strategic location of manufacturing facility.

    Track record of healthy financial performance.

    Experienced promoter and professional management team.

    Diversified product portfolio with customisation capabilities.

    Established presence in steel pipes and tubes manufacturing.

    Company Financials (Restated Consolidated)

    Total Income

    31 Mar 2024650.88
    31 Mar 2025604.74
    31 Mar 2026675.94
    30 Jun 2026part period191.09

    Profit After Tax

    31 Mar 202412.87
    31 Mar 202524.27
    31 Mar 202622.53
    30 Jun 2026part period8.28

    EBITDA

    31 Mar 202421.11
    31 Mar 202525.92
    31 Mar 202641.63
    30 Jun 2026part period13.76

    NET Worth

    31 Mar 202450.31
    31 Mar 202574.64
    31 Mar 202696.82
    30 Jun 2026part period105.02
    Company Financials (Restated Consolidated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    Period Ended30 Jun 202631 Mar 202631 Mar 202531 Mar 2024
    Assets232.65248.41200.33181.16
    Total Income191.09675.94604.74650.88
    Profit After Tax8.2822.5324.2712.87
    EBITDA13.7641.6325.9221.11
    NET Worth105.0296.8274.6450.31
    Reserves and Surplus64.5656.2872.1747.90
    Total Borrowing92.46119.8795.84104.92
    Amount in ₹ Crore

    Jindal Supreme (India) Ltd.'s revenue increased by 12% and profit after tax (PAT) dropped by 7% between the financial year ending with March 31, 2026 and March 31, 2025.

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    IPO Objects of the Issue

    #Issue ObjectsEst Amt (₹ Cr.)
    1Repayment/pre-payment, in full or in part, of certain outstanding borrowings71.00
    2General Corporate Purposes—
    Total71.00

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    ROE

    Mar 31, 202626.28%
    Jun 30, 2026part period8.20%

    ROCE

    Mar 31, 202616.78%
    Jun 30, 2026part period6.14%

    RoNW

    Mar 31, 202626.28%
    Jun 30, 2026part period8.20%

    PAT Margin

    Mar 31, 20263.33%
    Jun 30, 2026part period4.33%

    EBITDA Margin

    Mar 31, 20266.16%
    Jun 30, 2026part period7.20%
    Key Performance Indicator (KPI): The percentage ratios only; the table's absolute figures stay in the table. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    KPIJun 30, 2026Mar 31, 2026
    ROE8.20%26.28%
    ROCE6.14%16.78%
    Debt/Equity0.881.24
    RoNW8.20%26.28%
    PAT Margin4.33%3.33%
    EBITDA Margin7.20%6.16%
    NAV26.0724.04
    Price to Book Value3.573.87

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)5.596.49
    P/E (x)16.6414.33
    Market Cap at Offer Price₹374.63 Cr.₹474.52 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.

    Shareholding Structure

    Pre IPO

    • Promoter and Promoter Group100%

    Post IPO

    • Promoter and Promoter Group73.68%
    • Public26.32%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group100%73.68%
    Public—26.32%
    Total100%100%

    Company Promoters: Abhishek Jindal and Sonam Jindal.

    Offer For Sale - Selling Shareholder

    NameCategoryNo. of Shares OfferedAmount (₹ cr.)
    VVJ Enterprise Pvt.Ltd.Promoter26,86,85124.99
    Total—26,86,85124.99

    Jindal Supreme IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers1010
    Members0000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid for
    QIB (Ex Anchor)126.4126,85,60033,94,88,625
    NII326.8420,14,20065,83,20,467
    bNII (> ₹10L)304.1813,42,80040,84,58,610
    sNII (< ₹10L)372.156,71,40024,98,61,857
    Retail141.7546,99,80066,61,90,308
    Total177.0393,99,6001,66,39,99,400

    The Jindal Supreme IPO is subscribed 177.03 times on September 18, 2026 4:05:58 PM (Day 3). The public issue subscribed 141.75 times in the retail category, 126.41 times in the QIB category, and 326.84 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Reload

    Total Applications: 37,51,547

    IPO Registrar

    Bigshare Services Pvt.Ltd.

    8657578989/8069219065/8069219060

    ipo@bigshareonline.com

    IPO Lead Manager(s)

    Sarthi Capital Advisors Pvt.Ltd.

    Contact Details

    Jindal Supreme (India) Ltd. Address

    9th KM

    O P Jindal Marg

    Hisar Cantt

    Hisar, Haryana , 125006

    016 6223 6500

    janaksteel@gmail.com

    Jindal Supreme (India) IPO in the news

    Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.

    Jindal Supreme IPO subscribed 31.50 times on second day

    Prop News Time · 21 Sept 2026

    Jindal Supreme IPO Allotment Today! Check Your Status via Direct Links

    IPO Central · 21 Sept 2026

    Jindal Supreme IPO Allotment Status OUT Today: How To Check On BSE/NSE & Bigshare; 31% Listing Gains Ahead

    Goodreturns · 21 Sept 2026

    Jindal Supreme (India) ends with 181.07 times subscription

    Business Standard · 21 Sept 2026

    IPO Allotment Status Today: Hero Motors IPO Vs SS Retail IPO Vs Jindal Supreme IPO GMP; Who Will List Strong?

    Goodreturns · 21 Sept 2026

    Jindal Supreme IPO Allotment Status: Check Allocation Online

    HDFC Sky · 21 Sept 2026

    Jindal Supreme IPO: How to check allotment status on Bigshare, BSE, NSE, fresh GMP & listing date

    Business Today · 21 Sept 2026

    Jindal Supreme IPO allotment likely today: GMP signals 31% listing gain. Here’s how to check status

    The Economic Times · 21 Sept 2026

    FAQ

    Jindal Supreme (India): common questions

    Answered from this issue's own record.

    The Jindal Supreme (India) Mainboard IPO is priced at ₹93 per share, for an issue size of ₹24.99 crore.

    The issue opens on 16 Sept 2026 and closes on 18 Sept 2026, with listing expected on 23 Sept 2026.

    One lot is 161 shares, and applications must be in multiples of a lot. At the upper band that is ₹14,973 for one lot.

    Latest recorded subscription: QIB 126.41x, NII 326.84x, retail 141.75x (as of 26 Oct 2026).

    Jindal Supreme (India) listed at ₹120 on 23 Sept 2026. That was a gain of 29.03% against the issue price.