Jindal Supreme (India)'s ₹124.88 crore initial public offering (IPO) entered its second day of public subscription today, September 17, 2026, with a price band of ₹88 to ₹93 per share. As of 9:55 A.M on the first day of bidding, the issue had been subscribed 7.81 times.

The IPO will remain open for subscription until September 18, 2026. The basis of allotment is expected to be finalised on September 21, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 23, 2026.

Jindal Supreme (India) IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹124.88 crore
Fresh Issue: Up to ₹99.89 crore
Offer for Sale (OFS): Up to ₹24.99 crore
Face Value: ₹10 per equity share
Price Band: ₹88 to ₹93 per share
Lot Size: 161 shares
Minimum Investment Amount (Retail Investor): ₹14,973 (161 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Manager: Sarthi Capital Advisors Private Limited
Registrar: Bigshare Services Private Limited

Jindal Supreme (India) IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	16 September 2026
Subscription Closing Date	18 September 2026
Basis of Allotment Date	21 September 2026
Refund Initiation Date	22 September 2026
Credit of Shares	22 September 2026
Listing on BSE and NSE	23 September 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Jindal Supreme (India) IPO Day 2 Subscription Status

[September 17, 2026, 9:55 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	1.02x
Non-Institutional Investors (NIIs)	6.85x
Retail Individual Investors (RIIs)	12.09x
Total	7.81x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Repayment and/or pre-payment, in full or in part, of certain outstanding borrowings availed by the company
General corporate purposes.

About Jindal Supreme (India) Limited

Founded in 1974, Jindal Supreme (India) Limited manufactures and supplies steel pipes, tubes, and infrastructure products for industrial and construction applications. Its portfolio includes MS black pipes and tubes, galvanized pipes, metal beam crash barriers, and GI tubular poles, serving sectors such as water supply, construction, roads, bridges, oil and gas, chemicals, agriculture, and rural electrification.

The company expanded into metal beam crash barriers in FY2025 and GI tubular poles in FY2026 to tap infrastructure demand. Its revenue is mainly generated through direct sales to institutional buyers, infrastructure contractors, and industrial customers, along with a network of long-standing steel product dealers.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	653.87	586.39	645.44
EBITDA	41.63	25.92	21.11
Profit After Tax (PAT)	22.53	24.27	12.87