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Jindal Supreme India IPO

Jindal Supreme India IPO is a mainboard IPO scheduled to open for subscription on — and closed on —.

Price Band
TBA
GMP
Subscription
Listing

Overview

Jindal Supreme India IPO is a mainboard IPO scheduled to open for subscription on — and closed on —.

IPO Details

Jindal Supreme India IPO is a mainboard initial public offering scheduled to open for subscription on Both. The issue has a price band of TBA per equity share with a lot size of TBA shares, translating to a minimum retail investment of TBA.

The issue size is yet to be confirmed, and subscription dates are yet to be announced. Allotment is expected on and the equity shares are scheduled to list on .

Type
Mainboard
Status
upcoming
Price band
TBA
Face value
₹10 (typical)
Lot size
Min investment (Retail)
TBA
Issue size
Fresh issue
OFS
Exchange
Both
ISIN
TBA

Market Lot

Market lot details will be available once the price band and lot size are finalised in the Red Herring Prospectus.

IPO Reservation

Per SEBI guidelines, Jindal Supreme India IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.

Category% ReservedNotes
QIB (Qualified Institutional Buyers)Not more than 50%Mutual funds, FIIs, banks, insurance
NII / HNI (Non-Institutional)Not less than 15%Bids ≥ ₹2 lakh
Retail (RII)Not less than 35%Bids up to ₹2 lakh

Important Dates

  1. Issue Open
    · Subscription opens
  2. Issue Close
    · Subscription closes
  3. Allotment
    · Basis of allotment finalised
  4. Refunds Initiated
    · Funds released for non-allottees
  5. Listing Date
    · Shares debut on the exchange

Grey Market Premium

Grey Market Premium for Jindal Supreme India is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.

Subscription Status

Jindal Supreme India IPO subscription tracking will go live once the subscription window opens. Category-wise data (Retail / NII / QIB / Employee) will be available on IPO Subscription Status.

Allotment Status

Jindal Supreme India IPO allotment will be finalised by the registrar (Bigshare Services) on . Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.

If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.

About Jindal Supreme India

Jindal Supreme India Limited is a steel-pipe-and-tube manufacturer with a product portfolio spanning mild-steel black pipes, galvanised pipes, tubes, metal beam crash barriers, and galvanised iron tubular poles. Customer use cases extend across construction (structural pipes), infrastructure (highway crash barriers, transmission tubular poles), water-management (galvanised pipes for irrigation and municipal water), and industrial-process equipment. The Indian steel-pipe-and-tube manufacturing category has been one of the steadier downstream-steel categories through 2020-26. Demand drivers include: (1) infrastructure expansion under PMGSY, Bharatmala, and Setu Bharatam; (2) Smart Cities and AMRUT urban-water programmes; (3) state-level highway-crash-barrier procurement following Supreme Court safety mandates; (4) transmission-tower deployments under PSU + private RE-IPP projects. Demand is structurally policy-driven and infrastructure-linked rather than discretionary-consumer driven. Jindal Supreme refiled its DRHP with SEBI on 13 April 2026 after withdrawing its initial 9 December 2025 filing. DRHP refile in capital-markets parlance usually signals either material change in offering structure / financials or a market-condition reset — the company has not publicly disclosed the specific reason. The 1.34 crore equity-share book-built issue is structured as 1.07 crore fresh + 0.27 crore OFS (~80% fresh / 20% OFS split). Lead manager Sarthi Capital and registrar Bigshare Services indicate mid-tier mainboard book-build setup.

Promoter & Holding Pattern

The promoter and promoter group hold the majority stake in Jindal Supreme India prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.

Objects of the Issue

The Jindal Supreme India IPO proceeds will be utilised across multiple strategic objectives. Typical objects include capital expenditure for expansion, repayment of debt, general corporate purposes, working capital, and OFS by selling shareholders. Detailed breakdown with amounts will be updated here from the Red Herring Prospectus.

Financial Performance

Jindal Supreme India's three-year financials — revenue, PAT, assets, net worth — will be displayed here based on audited numbers from the Red Herring Prospectus. Year-on-year growth, EBITDA margins, debt-to-equity progression, and RoNW together form the basis for valuation comparison.

Valuation Snapshot

Key valuation metrics for Jindal Supreme India — RoE, RoCE, EBITDA margin, PAT margin, debt-to-equity, EPS, P/E ratio, RoNW, NAV — will be updated based on FY25 numbers from the Red Herring Prospectus.

Peer Comparison

Listed peers in the Metals & Mining sector with key valuation metrics:

CompanyEPS (₹)P/E RatioRoNW (%)NAV (₹)Income (₹ Cr)
Jindal Saw
APL Apollo Tubes
Surya Roshni
Ratnamani Metals

Anchor Investors

Anchor investor bidding for Jindal Supreme India typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.

Lead Managers (Merchant Bankers)

  • Sarthi Capital Advisors

IPO Registrar

The registrar processes all bid applications, finalises the basis of allotment, manages refunds, and credits allotted shares to successful applicants' demat accounts.

Editorial Review

Jindal Supreme India refiled its DRHP with SEBI on 13 April 2026 after withdrawing the initial 9 December 2025 filing. The refile event is structurally important: in Indian capital markets, DRHP withdrawal-and-refile usually signals material change in offering structure (typically fresh-vs-OFS ratio rebalance, issue-size adjustment) or financial-statement updates (often reflecting more recent quarterly data). The company has not publicly disclosed the specific reason for the refile. The steel-pipe-and-tube manufacturing positioning is structurally sound. Product portfolio (mild-steel black pipes, galvanised pipes, tubes, metal beam crash barriers, galvanised iron tubular poles) covers most demand vectors in Indian infrastructure-and-construction downstream steel. Demand drivers are policy-and-infrastructure-driven rather than consumer-cyclical: PMGSY rural-roads expansion, Bharatmala national-highways, Smart Cities urban-water programmes, transmission-tower deployments for RE-IPPs and PSU power expansion. What the bull case rests on: (1) infrastructure-spending tailwinds across multiple government programmes provide multi-year demand visibility; (2) Jindal-family brand recognition lends product-quality and customer-acceptance credibility; (3) ~80% fresh-issue / 20% OFS split is investor-friendly — most proceeds reach the operating business; (4) refile-after-withdrawal often produces a cleaner offering structure on second attempt (assuming the withdraw-refile decision was offering-driven rather than disclosure-issue-driven). What the bear case rests on: (1) refile-without-public-explanation creates uncertainty — investors need to read the refiled DRHP carefully to understand what changed and why; (2) steel-pipe category competitive intensity — APL Apollo Tubes (category leader), Surya Roshni, Ratnamani Metals, Jindal Saw all compete on similar product portfolios with established distribution density; (3) commodity-pricing pressure — raw-material steel prices fluctuate; pipe-conversion margins compress when input volatility outpaces customer-pricing adjustments; (4) RHP-disclosure pending — issue size in rupees, price band, financial granularity, customer-segment revenue mix, all not yet public; (5) Sarthi Capital + Bigshare Services indicates mid-tier book-build setup — likely retail-driven subscription pattern rather than QIB-anchor-led, which compresses institutional valuation framework. Neutral pre-RHP. For investors interested in steel-pipe category exposure, listed peers APL Apollo Tubes and Jindal Saw provide better risk-adjusted entry points with established earnings track records. Jindal Supreme's IPO requires DRHP-detailed evaluation: read the refiled DRHP carefully for structural changes from the initial filing, understand customer-segment revenue mix, and assess margin trajectory against listed peers. Wait for the RHP with full financial disclosure. Sizing modest given category competitive intensity and the refile uncertainty.

How to Apply for Jindal Supreme India IPO

  1. Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
  2. Select Jindal Supreme India IPO during the bidding window ().
  3. Enter bid details — minimum TBA shares per lot. Retail investors are recommended to bid at cut-off price (upper band).
  4. Submit UPI ID linked to a SEBI-approved bank.
  5. Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
  6. Await allotment on .
  7. Listing day — shares list on Both on .

Risk Factors

1. DRHP refile without public explanation — Jindal Supreme withdrew initial 9 Dec 2025 filing and refiled on 13 Apr 2026. Reason for withdrawal not publicly disclosed. Investors need to evaluate the refiled DRHP for structural changes from the initial filing. 2. Steel-pipe category competitive intensity — APL Apollo Tubes (category leader), Surya Roshni, Ratnamani Metals, Jindal Saw all compete on similar product portfolios. Margin compression risk over multi-year horizon. 3. Commodity-pricing pressure — raw-material steel prices fluctuate; pipe-conversion margins compress when input volatility outpaces customer-pricing adjustments. Quarterly margin patterns can be lumpy. 4. Customer-concentration risk in infrastructure — major customers are government PSUs, contractors and state-level procurement bodies. Single major customer loss or contract-renegotiation impacts top line. 5. Government-tender dependency — infrastructure customers operate via tender-procurement cycles. Tender-cycle delays compress quarterly revenue patterns. 6. Distribution-network limitations vs category leader — APL Apollo Tubes has nationwide distribution density. Jindal Supreme's distribution reach (compared to peer) is RHP-disclosure-dependent. 7. Mid-tier lead-manager book — Sarthi Capital + Bigshare Services indicates mid-tier book-build setup. Likely retail-driven subscription pattern rather than QIB-anchor-led; institutional valuation framework less robust.

Jindal Supreme India IPO — FAQs

What is Jindal Supreme India IPO?
Jindal Supreme India IPO is a mainboard initial public offering listing on Both. The issue opens on — and closes on — with a price band of TBA per share.
What is the Jindal Supreme India IPO price band?
The price band for Jindal Supreme India IPO is TBA per equity share of face value ₹10 (typical). Retail investors are recommended to bid at the upper band (cut-off price).
What is the Jindal Supreme India IPO lot size?
The minimum lot size for Jindal Supreme India IPO is TBA shares per application. Minimum retail investment at the upper price band works out to approximately TBA.
When is the Jindal Supreme India IPO opening date?
Jindal Supreme India IPO opens for subscription on — and closes on —.
When is the Jindal Supreme India IPO allotment date?
Basis of allotment is expected on —. Check your status on Bigshare Services's website using your PAN.
When is the Jindal Supreme India IPO listing date?
Jindal Supreme India shares are expected to list on Both on —.
What is the GMP of Jindal Supreme India IPO?
GMP for Jindal Supreme India is not currently tracked.
Who is the registrar of Jindal Supreme India IPO?
Bigshare Services is handling allotment, refunds, and dematerialisation for Jindal Supreme India IPO.
How can I apply for Jindal Supreme India IPO?
Apply via any SEBI-registered broker (Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct) during the open window. Use UPI mandate or ASBA for fund blocking. Bid at cut-off for retail category.
What is the minimum investment?
Minimum retail investment is approximately TBA (1 lot × TBA shares at upper band).
Should I apply for Jindal Supreme India IPO?
Whether to apply depends on your goals, risk appetite, and the company's fundamentals. Review the RHP, compare valuation with peers, and consult a SEBI-registered advisor.
What happens if my allotment fails?
Bid amount blocked via UPI/ASBA is released back within 24-48 hours. Apply through multiple family demat accounts to improve odds on oversubscribed issues.

Information shown is for educational purposes and does not constitute investment advice. GMP values are unofficial estimates from informal grey market sources. Please read the offer document (Red Herring Prospectus) carefully before investing.

Data sourced from NSE, BSE, the issue's registrar, and public filings. BasicFintech is not affiliated with the issuing company, its underwriters, or the exchanges.

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