Jindal Supreme IPO: dates, price band, lot size and GMP
Jindal Supreme IPO listed on 23 Sep at ₹120 (NSE, BSE). Issue dates 16 – 18 Sep 2026, price band ₹88 – ₹93, lot 161 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Jindal Supreme listed on 23 Sep 2026 on NSE, BSE at ₹120, +₹27 (+29.0%) against the ₹93 upper band. Jindal Supreme IPO listing date, price and gain · Recently listed IPOs
Updated 30 Oct 2026, 09:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 222 IPOs on its calendar; the Jindal Supreme IPO has a price band of ₹88 – ₹93, a lot of 161 shares and no grey-market premium reported yet as of 30 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 16 – 18 Sep 2026 |
| Price band | ₹88 – ₹93 |
| Lot size | 161 shares |
| Issue size | ₹124.88 Cr |
| Fresh issue | ₹99.89 Cr |
| Offer for sale | ₹24.99 Cr |
| Subscription | 177.03x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Sarthi Capital Advisors Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 16 Sep
- Issue closes: 18 Sep
- Allotment: 21 Sep
- Refunds: 22 Sep
- Demat credit: 22 Sep
- Listing: 23 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 126.41x |
| NII | 326.84x |
| sNII | 372.15x |
| bNII | 304.18x |
| Retail | 141.75x |
| Total | 177.03x |
Last updated 18 Sep 2026, 4:06 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹474.52 Cr |
| P/E (pre-issue) | 16.64x |
| P/E (post-issue) | 14.33x |
| Fresh issue (shares) | 1,07,41,149 |
| Offer for sale (shares) | 26,86,851 |
| Total shares offered | 1,34,28,000 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 73.68% |
| Promoters | Abhishek Jindal, Sonam Jindal |
| Lead managers | Sarthi Capital Advisors Pvt.Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | jindalsupreme.com |
| Anchor bid date | 15 Sep 2026 |
| Anchor lock-in ends (50%) | 21 Oct 2026 |
| Anchor lock-in ends (remaining) | 20 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 161 | ₹14,973 |
| Retail (maximum) | 14 | 2,254 | ₹2,09,622 |
| sNII (minimum) | 14 | 2,254 | ₹2,09,622 |
| bNII (minimum) | 67 | 10,787 | ₹10,03,191 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 40,28,400 | |
| QIB | 20% | 26,85,600 | Not more than 50% of the Offer |
| NII (HNI) | 15% | 20,14,200 | Not less than 15% of the Offer |
| sNII | 5% | 6,71,400 | |
| bNII | 10% | 13,42,800 | |
| Retail | 35% | 46,99,800 | Not less than 35% of the Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 16 Sep | 1.02x | 6.75x | 12.12x | 4.06x | 11.64x | 7.56x |
| Day 2 · 17 Sep | 12.50x | 37.63x | 59.97x | 26.46x | 39.80x | 31.54x |
| Day 3 · 18 Sep | 126.41x | 403.11x | 524.86x | 342.23x | 230.77x | 216.63x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹5.59 |
|---|---|
| EPS (post-issue) | ₹6.49 |
| P/E (pre-issue) | 16.64x |
| P/E (post-issue) | 14.33x |
| RoNW | 26.28% |
| RoCE | 16.78% |
| RoE | 26.28% |
| PAT margin | 3.33% |
| EBITDA margin | 6.16% |
| Price / book | 3.87x |
| NAV per share | ₹24.04 |
| Debt / equity | 1.24 |
| Market cap (upper band) | ₹474.52 Cr |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 232.65 | 248.41 | 200.33 | 181.16 | +24% |
| Total Income | 191.09 | 675.94 | 604.74 | 650.88 | +11.8% |
| Profit After Tax | 8.28 | 22.53 | 24.27 | 12.87 | −7.2% |
| EBITDA | 13.76 | 41.63 | 25.92 | 21.11 | +60.6% |
| NET Worth | 105.02 | 96.82 | 74.64 | 50.31 | +29.7% |
| Reserves and Surplus | 64.56 | 56.28 | 72.17 | 47.9 | −22% |
| Total Borrowing | 92.46 | 119.87 | 95.84 | 104.92 | +25.1% |
About Jindal Supreme
Incorporated in 1974, Jindal Supreme (India) Ltd is engaged in the manufacturing and supply of a wide range of steel pipes, tubes and related products used across infrastructure and industrial applications.
The company's product portfolio includes MS black pipes, tubes, galvanized pipes, metal beam crash barriers and GI tubular poles. These products cater to sectors such as water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture, and rural electrification.
The company reported a dealer network of 51, 49, 34 and 30 dealers for the period ended June 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. Revenue is generated from the sale of MS steel black pipes, galvanized pipes, metal beam crash barriers, GI poles and other operating income.
Its manufacturing facility is located at 9th KM, O P Jindal Marg, Hisar Cantt, Hisar - 125006, Haryana, and is equipped with raw material handling and preparation equipment including an uncoiler, shear and end cutting machine, and coil accumulator.
As on June 30, 2025, the company employed 231 personnel.
Objects of the issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings — ₹71 Cr
- General Corporate Purposes — ₹16.85 Cr
- Issue Expenses — ₹15.05 Cr
Net proceeds: ₹102.9 Cr
Peer comparison
| Company | EPS (Basic) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|
| Jindal Supreme (India) Ltd. (issuer) | 5.59 | — | 26.28% | Restated |
| Vibhor Steel Tubes Ltd | 4.64 | 23.06x | 4.57% | — |
| Sambhv Steel Tubes Ltd | 1.81 | 65.55x | 18.35% | — |
| Hi-tech Pipes Ltd | 3.77 | 22.31x | 6.07% | — |
Source for Peer Group information: www.bseindia.com - P/E ratio is calculated based on market price of equity shares on BSE as on August 11, 2026, divided by earning per share based on fiscal 2026. RoNW: Return on net worth is calculated as profit after tax divided by average net worth CMP: Current market price on BSE as on August 11, 2026 The figures of the Company are based on the restated financial results for fiscal 2026. The figures for the Peer group are based on audited results for fiscal 2026.
Strengths (per the offer document)
- Led by qualified and experienced Promoter and supported by a professional management team and strong corporate… — We have a dedicated experienced management team within our company.
- Location of our Manufacturing Facility — The location of our Manufacturing plant enables cost and logistical advantages being in proximity to manufacturing plants of our customers and facilitating the servicing of our customers with…
- Track record of healthy financial performance — We have established a track record of healthy revenue growth and profitability.
Risk factors (as disclosed by the company)
- Operations at our Manufacturing Facility are concentrated at a single location in Hisar, Haryana, and our business is dependent on this facility — developments could materially and adversely affect our business, financial condition, results of operations and cash flows.
- Our Company requires significant amount of working capital for a continuing growth. Our inability to meet — our working capital requirements may adversely affect our results of operations.
- Our top 10 suppliers contribute 72.31%, 76.23%, 70.92% and 75.73%, of our purchase during the period ended June 30, 2026 and for Fiscal 2026 — them may adversely affect our operations.
- Our revenue from operations depends on sale of Black Pipes and Galvanized Pipes — grow or maintain our sales, earnings, and cash flow.
- We derive a significant portion of our revenue from operations from our key customers and our top 10 customers contributed to 24.09%, 20.32%, 15.96% and 15.90% — 30, 2026 and in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively.
- In the past our Company had negative cash flows from our operating activities, investing activities as well as financing activities, further — Our Company had negative cash flows from our operating activities, investing activities as well as financing activities in some of the previous year(s) as per the Restated Financial Information and…
- We have had instance of delays in payments of statutory dues by our Company — an adverse impact on our business, financial condition, results of operations and cash flows.
- We derived 24.19 % of our revenue for the period June 30, 2026 and 28.55%, 30.60% and 29.44% of our revenue — from operation from Haryana for the Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively.
From the RHP (strengths page 185, risk factors pages 29–38). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Jindal Supreme IPO listing day: listed at ₹120 (+29.0% vs the upper band), 23 Sep 2026
- Jindal Supreme IPO GMP today and trend
- Jindal Supreme IPO subscription status, day by day
- Jindal Supreme IPO allotment status and how to check
Frequently asked questions
When does the Jindal Supreme IPO open and close?
The issue is scheduled for 16 – 18 Sep 2026.
What is the Jindal Supreme IPO price band?
The price band is ₹88 – ₹93 per share with a lot size of 161 shares.
How big is the Jindal Supreme IPO?
The total issue size is ₹124.88 Cr, of which ₹99.89 Cr is a fresh issue and ₹24.99 Cr an offer for sale.
When will Jindal Supreme list?
The tentative listing date is 23 Sep on the main board.
How do I apply for the Jindal Supreme IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Jindal Supreme · as filed with SEBI · bseindia.com
- Red herring prospectus (RHP), Jindal Supreme · as filed · sebi.gov.in
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 21 Sep · ipo.bigshareonline.com
- NSE public issues page · listing 23 Sep · nseindia.com
- BSE public issues page · listing 23 Sep · bseindia.com
- Jindal Supreme company website · jindalsupreme.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 23 Sep, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Jindal Supreme IPO”, https://buyunlistedshares.com/ipo/jindal-supreme-ipo, as of 30 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 30 Oct 2026.
Our notes on this IPO
- Read our note: Jindal Supreme IPO 2026
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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