Jindal Supreme (India) Shares List at 29% Premium on NSE
Jindal Supreme (India) made its stock market debut on Wednesday, September 23, 2026, with its shares listing at a 29.03% premium on the NSE. The stock opened at ₹120 apiece on the NSE against its IPO issue price of ₹93 per share. On the BSE, the shares debuted at ₹121.90 per share, representing a 31.08% premium over the issue price.
The company’s ₹124.88 crore IPO was open for subscription from September 16 to September 18, 2026, and witnessed strong investor interest. The issue was subscribed 181.07 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Jindal Supreme (India) IPO Overall Subscription Status
[September 18, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
126.41x |
|
Non-Institutional Investors (NIIs) |
327.99x |
|
Retail Individual Investors (RIIs) |
149.34x |
|
Total |
181.07x |
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 steel pipes, tubes, and infrastructure products for industrial and construction applications. Its portfolio includes MS black pipes, galvanized pipes, metal beam crash barriers, and GI tubular poles, serving sectors such as water supply, roads and highways, oil and gas, agriculture, and rural electrification.
The company expanded its infrastructure product range by entering the metal beam crash barrier segment in FY2025 and the GI tubular pole segment in FY2026. It primarily serves institutional customers, infrastructure contractors, industrial clients, and steel product dealers through a direct sales network.
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 |
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