Jindal Supreme IPO
Jindal Supreme opens for subscription on 16 Sept 2026 and closes on 18 Sept 2026, at a price band of ₹88 – ₹93 with a lot of 161 shares. Listing is expected on 23 Sept 2026.
Updated 22 Oct 2026
Important dates
Opens
16 Sept 2026
Closes
18 Sept 2026
Allotment
21 Sept 2026
Listing
23 Sept 2026
IPO details
| Price band | ₹88 – ₹93 |
|---|---|
| Lot size | 161 shares |
| Minimum investment | ₹14,973 |
| Issue size | ₹125 crore |
| Face value | ₹10 per share |
| Board | Mainboard |
| Listing at | BSE, NSE |
| Retail quota | 35% |
| EPS | ₹5.59 |
| RoNW | 26.28% |
Grey market premium (GMP)
Last reported GMP: ₹30 (32.3%), an unofficial estimated listing price near ₹123 or about ₹4,830 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 177.03 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 1.02× | 6.75× | 11.64× | 7.56× |
| Day 2 | 12.5× | 37.63× | 39.8× | 31.54× |
| Day 3 | 126.41× | 326.84× | 141.75× | 177.03× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 161 | ₹14,973 |
| Retail (max) | 13 | 2,093 | ₹1,94,649 |
| sHNI (min) | 14 | 2,254 | ₹2,09,622 |
| sHNI (max) | 66 | 10,626 | ₹9,88,218 |
| bHNI (min) | 67 | 10,787 | ₹10,03,191 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 650.88 | 635.8 | 12.87 |
| FY25 | 604.74 | 572.35 | 24.27 |
| FY26 | 675.94 | 645.79 | 22.53 |
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.
Objects of the issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings
- General Corporate Purpose
Allotment status and registrar
Bigshare Services Pvt. Ltd. is the registrar. After 21 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: +91-22-6263 8200 · ipo@bigshareonline.com
Lead managers and offer documents
- Sarthi Capital Advisors Pvt. Ltd.
Jindal Supreme IPO: FAQs
When does the Jindal Supreme IPO open and close?
The Jindal Supreme IPO opens on 16 Sept 2026 and closes on 18 Sept 2026.
What is the Jindal Supreme IPO price band?
The price band is ₹88 – ₹93 per share (face value ₹10).
What is the Jindal Supreme IPO lot size?
One lot is 161 shares, so the minimum investment is ₹14,973 at the upper price band.
When is the Jindal Supreme IPO allotment date?
Allotment is expected on 21 Sept 2026. Check the status on the registrar's site (Bigshare Services Pvt. Ltd.) or the BSE/NSE allotment pages using your PAN.
When will Jindal Supreme shares list?
Listing is expected on 23 Sept 2026 on BSE, NSE.
What is the Jindal Supreme IPO GMP today?
The grey market premium was about ₹30 (32.3%) when this page was last updated, implying an unofficial estimated listing near ₹123. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.