Jindal Supreme IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 1.02x | 12.50x | 126.41x |
| NII | 6.75x | 37.61x | 327.99x |
| bNII > ₹10L | 4.06x | 26.46x | 304.18x |
| sNII 2-10L | 12.12x | 59.92x | 375.61x |
| Retail | 11.63x | 39.76x | 149.34x |
| Total | 7.55x | 31.51x | 181.07x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 | June 2026 |
|---|---|---|---|---|
| Revenue | 650.88 | 604.74 | 675.94 | 191.09 |
| Expense | 635.80 | 572.35 | 645.79 | 180.05 |
| Profit (PAT) | 12.87 | 24.27 | 22.53 | 8.28 |
| Total Assets | 181.16 | 200.33 | 248.41 | 232.65 |
Peer Comparison
| Company | EPS | P/E | RoNW % |
|---|---|---|---|
| Jindal Supreme This IPO | 6.49 | 14.33 | 26.28 |
| Vibhor Steel Tubes Limited | 4.64 | 23.06 | 4.57 |
| Sambhv Steel Tubes Limited | 1.81 | 65.55 | 18.35 |
| Hi-Tech Pipes Limited | 3.77 | 22.31 | 6.07 |
Promoters & Holding Pattern
Promoters: Abhishek Jindal, Sonam Jindal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 4,02,82,620 | 100.00% |
| Promoter Holding Post Issue | 3,75,95,769 | 73.68% |
Strengths & Risks
- Heavily oversubscribed — 181.1x overall (final).
- Strong institutional (QIB) demand — 126.4x.
- Strong return on equity — 26%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Backed by anchor investors — Rs 37 crore committed pre-issue.
- Elevated leverage — debt/equity of 1.24.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Jindal Supreme
Jindal Supreme, founded in March 1974, is one of the leading manufacturers and suppliers of steel pipes, tubes, and other steel products. 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 used in various applications such as water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among others. Moreover, in FY25, Jindal started to manufacture W-beam and Thrie-beam metal crash barriers used on highways and roads to improve safety. Later, in FY26, it started making GI tubular poles used for street lighting. Its manufacturing facility is located in Hisar which is equipped with mills, welding plants, galvanizing plants, and other machinery.
Company Contact Information
9th KM O P Jindal Marg Hisar Cantt Hisar Haryana
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings | 77.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Jindal Supreme IPO - Quick Take
Jindal Supreme has set a price band of Rs 88–Rs 93 per share for an issue size of Rs 125 crore. The stock listed with a 31.08% gain versus its issue price on September 23, 2026.
The issue is promoted by Abhishek Jindal, Sonam Jindal with Sarthi Capital Advisors Pvt.Ltd. acting as lead manager. Anchor investors have committed Rs 37 crore ahead of the public issue — about 30% of the total issue size. Anchor allocation was completed on September 15, 2026. Net proceeds will primarily be used towards repayment/pre-payment, in full or in part, of certain outstanding borrowings (Rs 77 crore) and general Corporate Purpose.
At the upper end of the price band, the issue is priced at a post-issue P/E of 14.33x. On fundamentals, the company is posting revenue growth of 11.8%, a profit margin of 3.3%, return on equity of 26.3% in its most recent reported period. Listed peers in this segment include Vibhor Steel Tubes Limited (P/E 23.06x) and Sambhv Steel Tubes Limited (P/E 65.55x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Jindal Supreme IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 29%. Of the 25 Mainboard IPOs we have tracked with a final GMP of 25% or more, 25 listed above, 0 flat and 0 below the issue price; Jindal Supreme listed 31.1% above its issue price.
See the full Jindal Supreme GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
Same sector or same stage as Jindal Supreme
No comments yet. Be the first to share your opinion!