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Jindal Supreme IPO
Price Band
₹88.0–93.0
Issue Size
₹124.88 Cr
Lot Size
161 shares
Min Investment
₹14,973
GMP
+₹29.0 (31.18%)
Issue Price
₹93.0
Subject to Sauda
₹3500
Paid only if allotted
Jindal Supreme IPO AI Summary
- Jindal Supreme IPO is listed on BSE, NSE in the Iron & Steel Products sector.
- Price band: ₹88.0–₹93.0 per share, lot size 161 shares (min. investment ₹14,973).
- Subscription window: 16 Sep–18 Sep 2026, listing on 23 Sep 2026.
- Current GMP is +₹29.0 (31.18%), an estimated listing price of ₹122 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Jindal Supreme IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 18 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
177.03x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
126.41x
|
126x 🔥 |
| NII (HNI) |
326.84x
|
327x 🔥 |
| ↳ bNII (>₹10L) |
304.18x
|
304x 🔥 |
| ↳ sNII (<₹10L) |
372.15x
|
372x 🔥 |
| Retail (RII) |
141.75x
|
142x 🔥 |
| Total | 177.03x | 177.03x |
Auto-updated every 5 min · As of 18th Sep 2026 16:07
Jindal Supreme IPO Grey Market Premium (GMP) Today
GMP
+₹29.0
GMP %
+31.18%
Est. Listing
₹122.0
Updated: 23 Sep 2026 07:30
GMP Trend (Last 15 Days)
About the Company
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.
Company Financials (₹ Cr)
As of 2026-06-30
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 232.65 | 248.41 | 200.33 | 181.16 |
| Total Income | 191.09 | 675.94 | 604.74 | 650.88 |
| Profit After Tax | 8.28 | 22.53 | 24.27 | 12.87 |
| EBITDA | 13.76 | 41.63 | 25.92 | 21.11 |
| NET Worth | 105.02 | 96.82 | 74.64 | 50.31 |
| Reserves and Surplus | 64.56 | 56.28 | 72.17 | 47.90 |
| Total Borrowing | 92.46 | 119.87 | 95.84 | 104.92 |
Key Ratios
EPS
₹5.59
NAV
₹24.04
ROE
26.28%
ROCE
16.78%
RoNW
26.28%
P/B Value
3.87
P/E Ratio
16.64
Market Cap
₹474.52 Cr
PAT Margin
3.33%
Debt/Equity
1.24
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|
| Hi-tech Pipes Ltd | 6.07% | 22.31 | 3.77 |
| Sambhv Steel Tubes Ltd | 18.35% | 65.55 | 1.81 |
| Vibhor Steel Tubes Ltd | 4.57% | 23.06 | 4.64 |
| Jindal Supreme (India) Ltd. This IPO | 26.28% | — | 5.59 |
Promoters
Abhishek Jindal, Sonam Jindal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/pre-payment, in full or in part, of certain outstanding borrowings 71.00 2 General Corporate Purposes 16.85 3 Issue Expenses 15.05 Total 102.90
IPO Evaluation
Generated 26 Sep 2026Revenue Trend
Total income was ₹650.88 Cr in the period ending 31 Mar 2024, decreasing slightly to ₹604.74 Cr by 31 Mar 2025, then rising to ₹675.94 Cr by 31 Mar 2026. The most recent figure was ₹191.09 Cr as of 30 Jun 2026, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹12.87 Cr in the period ending 31 Mar 2024, increasing to ₹24.27 Cr by 31 Mar 2025, and then rising further to ₹22.53 Cr by 31 Mar 2026. The most recent figure was ₹8.28 Cr as of 30 Jun 2026, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹93.0, Jindal Supreme (India) Ltd has an implied P/E ratio of 16.64 based on its earnings per share (EPS) of ₹5.59. This is lower than its peers, which have P/E ratios ranging from 22.31 to 65.55.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading in the grey market. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite. However, GMP is not a guaranteed indicator of performance and can fluctuate.
Subscription Demand
As of 18th September 2026, the IPO has received strong subscription interest, with a total subscription of 177.03 times. The breakdown includes QIBs at 126.41 times, NIIs at 326.84 times, and Retail investors at 141.75 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with potential fluctuations in stock prices may want to avoid this IPO. Additionally, those looking for guaranteed returns should be cautious, as IPO investments can be unpredictable.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 16th September 2026 and closes on 18th September 2026. Allotment of shares will be done by 21st September 2026, and the listing is expected to occur on 23rd September 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable, as they depend on market conditions and investor sentiment. While some IPOs may experience a surge in price on their debut, others may not perform as well. It's important to be aware of the risks involved and not to rely solely on listing gains as a measure of success.
This evaluation is generated from Jindal Supreme's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Jindal Supreme IPO GMP today?
Jindal Supreme IPO GMP today is +₹29.0 (31.18%), indicating an estimated listing price of ₹122. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Jindal Supreme IPO?
The price band of Jindal Supreme IPO is ₹88.0–₹93.0 per share.
When does Jindal Supreme IPO open and close?
Jindal Supreme IPO opens on 16 September 2026 and closes on 18 September 2026.
When does Jindal Supreme IPO list on the stock exchange?
Jindal Supreme IPO listed on 23 September 2026 at ₹122.0.
What is the lot size for Jindal Supreme IPO?
The lot size for Jindal Supreme IPO is 161 shares, requiring a minimum investment of ₹14,973.
What is the price band for the IPO?
The price band for the IPO is ₹88.0 to ₹93.0.
What is the minimum investment required?
The minimum investment required is ₹14,973.
What is the lot size for the IPO?
The lot size for the IPO is 161 shares.
When is the listing date for the IPO?
The listing date for the IPO is 23rd September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Sep 2026
Close
18 Sep 2026
Allotment
21 Sep 2026
Listing
23 Sep 2026
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