Jindal Supreme IPO
Steel • ₹124.88 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- The company’s manufacturing operations are concentrated at a single facility in Hisar, Har…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹93
Lot Size
161 shares
Issue Size
₹124.88 Cr
Open
16 Sept 2026
Close
18 Sept 2026
Subscription
180×
IPO Schedule
| Issue Open Date | 16 Sept 2026 |
| Issue Close Date | 18 Sept 2026 |
| Allotment Date | 21 Sept 2026 |
| Listing Date | 22 Sept 2026 |
About Jindal Supreme
Jindal Supreme (India) Limited is engaged in the manufacture and supply of steel pipes, tubes, and related products for infrastructure and industrial applications. Its product portfolio includes mild steel (MS) black pipes and tubes, galvanised pipes and tubes, metal beam crash barriers, and galvanised iron (GI) tubular poles. These products are used in water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture, rural electrification, and other applications. The company primarily sells its products directly to institutional buyers, including infrastructure contractors and industrial customers, and also supplies through a network of dealers, mainly in northern states of India. The company commenced operations in 1974 and has expanded its product portfolio over the years. Its manufacturing facility is located in Hisar, Haryana, and is equipped with machinery, mills, welding plants, and galvanising plants, along with an in-house maintenance workshop and testing equipment.
Company Details
Founders / Promoters
Mr Abhishek Jindal
Founded
1974
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Jindal Supreme — IPOFins Verdict
QuantitativeDriven by QIB demand at 126.4x and moderate disclosed risk (5/10), Jindal Supreme listed at a premium of 29.0% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company’s manufacturing facility is located in Hisar, Haryana, which it states provides logistical and cost advantages due to its proximity to the manufacturing plants of its customers. The locati
- The company has increased its sales volume over the period under review. Total sales volume increased from 98,351 MT in FY24 to 101,100 MT in FY26, while EBITDA, excluding other income, increased from
- The company has expanded its product portfolio into metal beam crash barriers and GI tubular poles. It commenced manufacturing W-beam and Thrie-beam crash barriers in FY25 and added GI tubular poles t
- The company has a diversified customer base across multiple end-use sectors. Its steel pipes, tubes, crash barriers, and GI tubular poles are supplied for applications across water supply and plumbing
- The company has increased its dealer network in recent years. The number of dealers increased from 34 in FY24 to 53 as of June 30, 2026, with the majority of its dealers located in the northern states
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹93
Listing Price
₹120
Listing Gain/Loss
+29.03%
Listing Date
22 Sept 2026
Price Since Listing
Returns are measured against the ₹93 issue price.
Listing
₹120
+29.0%
Current
₹145.85
+56.8%
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FAQ
What is the price band of Jindal Supreme IPO?
The price band is ₹93 per share with a lot size of 161 shares. Minimum investment: ₹14,973.
What does Jindal Supreme do?
Jindal Supreme (India) Limited is engaged in the manufacture and supply of steel pipes, tubes, and related products for infrastructure and industrial applications. Its product portfolio includes mild steel (MS) black pipes and tubes, galvanised pipes and tubes, metal beam crash barriers, and galvanised iron (GI) tubular poles. These products are used in water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture, rural electrification, and other applications. The company primarily sells its products directly to institutional buyers, including infrastructure contractors and industrial customers, and also supplies through a network of dealers, mainly in northern states of India. The company commenced operations in 1974 and has expanded its product portfolio over the years. Its manufacturing facility is located in Hisar, Haryana, and is equipped with machinery, mills, welding plants, and galvanising plants, along with an in-house maintenance workshop and testing equipment.
Should I apply for Jindal Supreme IPO?
Jindal Supreme listed at ₹120 (+29.0% premium to the ₹93 issue price) after 180.2x subscription. IPOFins Score 9/10: Driven by QIB demand at 126.4x and moderate disclosed risk (5/10), Jindal Supreme listed at a premium of 29.0% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Jindal Supreme?
Jindal Supreme was founded by Mr Abhishek Jindal in 1974.