
Jindal Supreme IPO
JSIPL
Last updated on 23/10/2026 | 07:00 IST
Jindal Supreme IPO is a book built issue of ₹93,99,600 crores. The issue is a combination of a fresh issue and an offer for sale. The subscription opens on 16 Sep '26 and closes on 18 Sep '26, with the basis of allotment expected to be finalised on 21 Sep '26. The shares are scheduled to list on NSE with a tentative listing date fixed for 23 Sep '26. The price band is set at ₹88 to ₹93 per share with a minimum lot size of 161 shares. Sarthi Capital Advisors Pvt.Ltd. is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar of the issue; for detailed information, refer directly to the official Jindal Supreme IPO RHP.
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Jindal Supreme IPO Dates & Details
Open Date
16 Sep '26
Close Date
18 Sep '26
Allotment Date
21 Sep '26
Refund Date
22 Sep '26
Listing Date
23 Sep '26
Price Range
₹88 - ₹93
Min Investment
₹14,973
Lot Size
161
Listing at
NSE
IPO Document
Jindal Supreme IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 46,99,800 crores |
| Non-Institutional Investors (NIIs) | 15% | 14,09,940 crores |
| Retail Individual Investors (RIIs) | 35% | 32,89,860 crores |
About Jindal Supreme (India) Ltd IPO
Jindal Supreme (India) Ltd.’s IPO comprises a fresh issue of up to 1.07 crore equity shares and an Offer for Sale (OFS) of up to 26.87 lakh equity shares by selling shareholder VVJ Enterprise Private Limited. The company is proposed to be listed on the BSE and NSE, with Sarthi Capital Advisors Private Limited acting as the Book Running Lead Manager.
The company is promoted by Abhishek Jindal and Sonam Jindal. The net proceeds from the fresh issue are proposed to be used primarily for repayment of certain borrowings, with the balance allocated towards general corporate purposes. The proceeds from the OFS will be received by the selling shareholder, and the company will not receive any proceeds from the OFS.
About Jindal Supreme (India) Ltd.
Jindal Supreme (India) Ltd. is engaged in the manufacturing and supply of steel pipes, tubes and other infrastructure products. Its product portfolio includes Mild Steel (MS) black pipes and tubes, galvanized pipes, metal beam crash barriers and galvanized iron (GI) tubular poles. The company's products cater to a range of applications across water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil & gas, chemicals, agriculture and rural electrification.
The company has over five decades of operating history, having been established in 1974. Its promoter has over 18 years of experience in the MS black and galvanized pipes and tubes manufacturing industry.
The company has expanded its product portfolio in recent years, commencing the manufacturing of metal beam crash barriers in FY2025 and GI tubular poles in FY2026. These products are used in road safety, street lighting, electrification and other public infrastructure projects.
Jindal Supreme operates a manufacturing facility in Hisar, Haryana, equipped with facilities for pipe and tube manufacturing, galvanising, product finishing and testing. The company follows Indian Standards for its products and has in-house testing and quality-control infrastructure.
The company's sales are primarily through direct sales to institutional customers, including infrastructure contractors and industrial customers, supplemented by a dealer network. As of June 30, 2026, the company had 53 dealers, compared with 34 dealers in FY2024.
Jindal Supreme IPO Strengths & Weaknesses
Experienced promoter and management, with the promoter bringing over 18 years of industry experience.
Strategic manufacturing location in Hisar, Haryana, providing proximity to customers and supporting timely delivery.
Healthy financial performance, with revenue from operations rising to ?675.39 crore in FY2026 from ?645.44 crore in FY2024.
Offers MS black pipesProduct diversification, with expansion into metal beam crash barriers and GI tubular poles for road safety and infrastructure applications.
Operations are concentrated at one facility in Hisar, Haryana, making the company vulnerable to disruptions, breakdowns or shutdowns.
The company requires significant working capital to support its operations and growth, and any funding constraints could impact business performance.
Fluctuations in the prices of key raw materials, including MS coils and galvanising materials, could increase production costs and affect profitability.
Revenue is significantly dependent on the sale of black pipes and galvanised pipes. Any decline in demand or delays in customer orders could adversely affect sales and cash flows.
Jindal Supreme IPO Issue Details
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 93,99,600 shares (aggregating up to ₹14,973 crores) |
| Fresh Issue | 10,74,114.9 shares (aggregating up to ₹1,07,41,149 crores) |
| Offer for Sale | 2,68,685.1 shares of ₹10 (aggregating up to ₹26,86,851 crores) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Jindal Supreme IPO Shares
| Minimum Shares | Maximum Shares |
|---|---|
| -- | -- |
The lot size of Jindal Supreme ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Jindal Supreme IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Jindal Supreme IPO Contact & Registrar Details
Contact Details
Address
9th Km O P Jindal Marg Hisar Cantt Hisar
Phone Number
Registrar Details
Registrar Name
Bigshare Services Pvt Ltd
Phone Number
Jindal Supreme Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Sarthi Capital Advisors Pvt.Ltd. |


