Jindal Supreme (India)
LISTEDIPO Date: 16 Sept - 18 Sept 2026
Listing Date: 23 Sept 2026
Price Range
₹88 to ₹93
Issue Size
125 Cr
Min Investment
₹14,168
Min Application
161 Shares
Schedule of Jindal Supreme (India)
Issue open date
16 Sept 2026
Issue close date
18 Sept 2026
UPI mandate deadline
18 Sept 2026 (5 PM)
Allotment finalization
21 Sept 2026
Share credit
22 Sept 2026
Listing date
23 Sept 2026
Mandate end date
3 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 125 Cr |
| Fresh Issue | 1.07 Cr |
| Offer for Sale | 26.87 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 21 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 23 Sept 2026Latest | ₹93 | ₹29 | ₹122(+31.18%) |
| 22 Sept 2026 | ₹93 | ₹29 | ₹122(+31.18%) |
| 21 Sept 2026 | ₹93 | ₹29 | ₹122(+31.18%) |
| 20 Sept 2026 | ₹93 | ₹29 | ₹122(+31.18%) |
| 19 Sept 2026 | ₹93 | ₹29 | ₹122(+31.18%) |
| 18 Sept 2026 | ₹93 | ₹26 | ₹119(+28.49%) |
| 17 Sept 2026 | ₹93 | ₹30 | ₹123(+32.26%) |
| 16 Sept 2026 | ₹93 | ₹25 | ₹118(+26.88%) |
| 15 Sept 2026 | ₹93 | ₹27 | ₹120(+29.03%) |
| 14 Sept 2026 | ₹93 | ₹27 | ₹120(+29.03%) |
| 13 Sept 2026 | ₹93 | ₹27 | ₹120(+29.03%) |
| 12 Sept 2026 | ₹93 | ₹25 | ₹118(+26.88%) |
| 11 Sept 2026 | ₹93 | ₹21 | ₹114(+22.58%) |
| 10 Sept 2026 | ₹93 | ₹19 | ₹112(+20.43%) |
| 9 Sept 2026 | ₹93 | ₹11 | ₹104(+11.83%) |
| 8 Sept 2026 | ₹93 | ₹0 | ₹93(0%) |
Performance Jindal Supreme (India)
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹88 to ₹93 | ₹ 120 (29.03%) | ₹ 141.56 | 52.22% |
About Jindal Supreme (India)
Jindal Supreme (India) Limited is a Hisar-based steel products manufacturer established in 1974. The company manufactures MS black pipes and tubes, galvanized pipes and tubes, hollow sections, metal beam crash barriers and GI tubular poles, serving infrastructure, construction, water supply, roads and highways, agriculture and rural electrification sectors. Its integrated manufacturing facility includes tube mills, welding plants, galvanizing lines, coil-slitting facilities and in-house testing capabilities. The company sells through both direct institutional sales and a dealer network, with a strong presence across Northern India.
| Founded in | 1974 |
| Managing director | Abhishek Jindal |
| Parent organization |
Financial Overview
Strengths
4- 1
Diversified product portfolio. Besides core MS black and galvanized pipes, the company has expanded into crash barriers and GI tubular poles, reducing dependence on a single product category.
- 2
Established manufacturing base. Its Hisar facility has integrated tube mills, galvanizing lines, coil-slitting and quality-testing infrastructure, supporting multiple steel-product categories.
- 3
Strong institutional customer base. Direct sales to government departments, EPC contractors and industrial customers form a significant part of revenue, providing access to infrastructure-related projects.
- 4
Established dealer network. The company has built long-term relationships with steel-product dealers, particularly across Northern India, supporting regional distribution.
Risks
4- 1
Raw-material price risk. Steel coils and other inputs form a major part of manufacturing costs, so fluctuations in steel prices can affect margins.
- 2
Customer and product concentration. MS black pipes and galvanized pipes remain important revenue contributors, creating dependence on demand for these core products.
- 3
Regional concentration. A significant part of the dealer network is concentrated in Northern India, which creates geographical concentration in distribution.
- 4
Competition and margin pressure. The company operates in a competitive steel-pipe and tube market where established manufacturers and changes in steel prices can put pressure on selling prices and profitability.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 126.41 |
| Non-Institutional Investors (NIIs) | 326.84 |
| Retail Individual Investors (RIIs) | 141.75 |
| Employee | N/A |
| Total | 177.03 |