- POSITIVE
Annual Revenue Jindal Supreme Mar-2026 Annual Revenue is Rs 676 Cr which is growth of 11.8% YoY.
- NEGATIVE
Annual Net Profit Jindal Supreme Mar-2026 Annual Net Profit is Rs 23 Cr which is growth of -7.2% YoY.
Jindal Supreme India was incorporated on March 05, 1974. The company manufactures and supplies a wide range of steel pipes, tubes, crash barriers, and GI poles in various dimensions, all made to Indian Standards. These products serve diverse sectors including water supply, construction, roads, oil & gas, agriculture, and rural electrification
| Bidding Dates |
|---|
| 16 Sep 2026 - 18 Sep 2026 |
| Subscription |
|---|
| 181.07x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,168 | 1 | 13 | 161 | 13.4 M | ₹88 - ₹93 | 73.68 % | ₹1,181.7 M - ₹1,248.8 M | RHP DOC |
Jindal Supreme IPO SUBSCRIPTION STATUS
18 Sep '26Total181.07x
Retail Individual Investor149.34x
HNI (NII) Investors327.99x
Qualified Institutional Buyers126.41x
Jindal Supreme IPO overall subscription rate was 181.07 times the total available shares
Jindal Supreme IPO retail subscription rate was 149.34 times in the retail segment
Jindal Supreme IPO non-institutional investor subscription rate was 327.99 times in the non-institutional investor category
Jindal Supreme IPO Qualified Institutional Bidder subscription rate was 126.41 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Sep 2026 (Day 3) | 149.34x | 327.99x | 126.41x |
17 Sep 2026 (Day 2) | 39.76x | 37.61x | 12.5x |
16 Sep 2026 (Day 1) | 11.63x | 6.75x | 1.02x |
Jindal Supreme FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 489.7 | 16.3 | 17.2 | 15.4 | 6.2% |
| FY25 | 586.4 | 24.3 | 5.7 | 11.9 | 4.4% |
| FY24 | 645.4 | 12.9 | 20.2 | -27.6 | 3.3% |
| FY23 | 506.1 | 0.6 | 7.8 | 3.6 | 1.7% |
Jindal Supreme IPO SUBSCRIPTION STATUS DETAILS
Jindal Supreme had 13.4 M shares on offer
Jindal Supreme IPO offer price was in the range ₹88 - ₹93
Jindal Supreme IPO minimum Investment was ₹14168
Jindal Supreme IPO issue size was ₹ 1,181.7 M - ₹ 1,248.8 M
Jindal Supreme had a minimum lot size of 161 Shares per application
Jindal Supreme NUMBER OF SHARES ON OFFER
Total13.4 M
Fresh Issue10.7 M
Offer for Sale2.7 M
Post Issue Promoter Holding %73.68 %
Jindal Supreme IPO IMPORTANT DATES
| Issue Open Date | 16 Sep 2026 |
| Issue close Date | 18 Sep 2026 |
| Allotment Date | 21 Sep 2026 |
| Refund Date | 22 Sep 2026 |
| Demat Account Credit Date | 22 Sep 2026 |
| Listing Date | 23 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Jindal Supreme Allotment Status | Exchange/ Registrar |
Jindal Supreme IPO subscription opened on 16 Sep 2026, and closed on 18 Sep 2026
IPO allotment for Jindal Supreme was finalized on Monday, 21 Sep 2026
IPO listing for Jindal Supreme was on NSE and BSE on Wednesday, 23 Sep 2026
Jindal Supreme IPO LISTING GAINS
| Issue Price (adjusted) | 93.0 |
| Listing Open Price | 120.0 |
| Listing Close Price | 126.0 |
| Listing Gain% | 29.0% |
| Current Gain% | 80.5% |
Jindal Supreme Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jindal Supreme (India) Ltd. | 167.8 | 856.4 | 38 | -5.3 | 1.3 | 23.3 | 9.1 | 675.9 | 11.8 | 22.5 | -7.2 | 4.4 | -7.2 |
| Welspun Corp Ltd. | 2640.4 | 69651.3 | 30.2 | 2 | 4 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| APL Apollo Tubes Ltd. | 2114.1 | 58699.8 | 47.8 | 0.9 | 2.6 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Usha Martin Ltd. | 502 | 15299.6 | 30.2 | 1.2 | 4 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 29.1 | 11375.3 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Aeroflex Industries Ltd. | 520.5 | 6887.8 | 102.6 | 2.4 | 13.7 | 12.4 | 9.8 | 443.3 | 17 | 55.5 | 5.8 | 5.1 | 42.1 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Jindal Supreme annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 675.9 | 604.7 | 650.9 | ||
Operating Exp. Ann. | 633.8 | 560.5 | 624.3 | |
Operating Profit Ann. | 41.6 | 25.9 | 21.1 | |
OPM Ann. % | 6.16% | 4.29% | 3.24% | |
| 645.8 | 572.4 | 635.8 | ||
EBITDA Ann. | 42.2 | 44.3 | 26.6 | |
EBITDA Ann. margin % | 6.24% | 7.32% | 4.08% | |
Interest Ann. | 8.6 | 8.7 | 7.7 | |
Depr. | 3.4 | 3.1 | 3.8 | |
PBT Ann. | 30.2 | 32.4 | 15.1 | |
Tax Ann. | 7.6 | 8.1 | 2.2 | |
| 22.5 | 24.3 | 12.9 | ||
Net Profit Ann. | 22.5 | 24.3 | 12.9 | |
NPM Ann. % | 3.33% | 4.13% | 1.99% | |
EPS Adj. latest Ann. | 4.4 | 4.8 | 2.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
11.8%
2Y CAGR
1.9%
Net Profit Ann.
1Y CHG
-7.4%
2Y CAGR
32.1%
Operating Exp. Ann.
1Y CHG
13.1%
2Y CAGR
0.8%
Jindal Supreme IPO Reports
Jindal Supreme INFORMATION ON IPO ISSUE
About Jindal Supreme
Jindal Supreme India was incorporated on March 05, 1974. The company manufactures and supplies a wide range of steel pipes, tubes, crash barriers, and GI poles in various dimensions, all made to Indian Standards. These products serve diverse sectors including water supply, construction, roads, oil & gas, agriculture, and rural electrification
Object of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes
Jindal Supreme - PROMOTERS
| Name |
|---|
| Abhishek Jindal |
| Sonam Jindal |
Jindal Supreme - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Abhishek Jindal | Chairman & Managing Director |
| Madan Gopal Babbar | Whole-Time Director |
| Sonam Jindal | Non-executive Director |
| Abhiram Tayal | Independent Director |
| Kuldip Bhargava | Independent Director |
| Vijay Kaushik | Independent Director |
Jindal Supreme Book Running Lead Manager
Sarthi Capital Advisors Private Limited
ipo@sarthiwm.in
Jindal Supreme Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Jindal Supreme Strengths
Backward Integration
The company controls its raw material sourcing including billets and HR/CR coils to maintain stronger cost control and quality consistency
Strength
Technological capability
It adopts advanced ERW, galvanizing, and finishing lines, supported by automation and process optimization to enhance efficiency and product quality
Strength
Regulatory compliance expertise
Compliance with BIS, ASTM, and API standards allows the company to access both domestic and export markets while ensuring product reliability
Strength
Jindal Supreme Risks
Counterparty credit risk
The company is exposed to counterparty credit risk, and any delay or non-receipt of payments can adversely affect its cash flows, financial condition, and results of operations. Trade receivables inherently carry risks of customer non-performance, which may lead to write-offs or higher provisioning
Risk
Risks of fraud or theft
The company faces risks of losses from fraud, employee negligence, theft, or misconduct, which can harm its business, finances, and reputation. Despite monitoring mechanisms, improper handling of goods or misuse of confidential information can still occur, potentially leading to operational, regulatory, and financial consequences
Risk
Risks of accidents or mishaps
The company’s manufacturing operations involve hazardous conditions, including exposure to extreme heat, fire, and heavy machinery. Accidents or mishaps could lead to liability for compensation or penalties, adversely affecting its financials, though past fatal incidents have been isolated
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 25.0 crore, of 2,686,851 shares. It also consists of a fresh issue of Rs 99.9 crore.
The promoters of the company are Abhishek Jindal and Sonam Jindal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 88.0 - 93.0.
The IPO application opens on Sep 16, 2026 and closes on Sep 18, 2026.
The minimum lot size for the IPO is 161. The maximum lot size for the IPO is 2093.
For all category investors, the minimum application amount for this IPO is Rs. 14,168.0, the maximum value for this IPO is Rs 194,649.0.
This IPO will be allotted on Sep 21, 2026.
The refund will be credited to your account on Sep 22, 2026.
The allotted shares will be credited to your demat on Sep 22, 2026.
Jindal Supreme India Ltd.’s shares listed on the stock exchanges on Sep 23, 2026.