Jindal Supreme (India) Limited IPO
16 Sept 2026 – 18 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹186.12
- H
- ₹186.12
- L
- ₹186.12
- C
- ₹186.12
9 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹88 – ₹93
- Lot Size
- 161 shares
- Min Investment
- ₹14,973 (1 lot · 161 shares)
- Face Value
- ₹10
- Fresh Issue
- 1,07,41,149 shares (to the company)
- Offer for Sale
- 26,86,851 shares (to selling holders)
- Issue Size
- Initial Public offering comprising of fresh issue up to 1,07,41,149 Equity shares and Offer for Sale upto 26,86,851 Equity Shares (including Anchor portion 40,28,400 Equity Shares)
- Registrar
- Bigshare Services Private Limited ↗
Timetable
GMP History
Latest GMP ₹29 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 22 Sept | ₹27 | +29.0% | −₹2 | ₹120 | |
| 21 Sept | ₹29 | +31.2% | — | ₹122 | |
| 20 Sept | ₹29 | +31.2% | — | ₹122 | |
| 19 Sept | ₹29 | +31.2% | +₹2.5 | ₹122 | |
| 18 Sept | ₹26.5 | +28.5% | −₹3.5 | ₹119.5 | |
| 17 Sept | ₹30 | +32.3% | +₹5 | ₹123 | |
| 16 Sept | ₹25 | +26.9% | −₹2 | ₹118 | |
| 15 Sept | ₹27 | +29.0% | — | ₹120 | |
| 14 Sept | ₹27 | +29.0% | — | ₹120 | |
| 13 Sept | ₹27 | +29.0% | +₹2 | ₹120 | |
| 12 Sept | ₹25 | +26.9% | +₹4 | ₹118 | |
| 11 Sept | ₹21 | +22.6% | — | ₹114 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 26,85,60028.6% | 27,36,26,584 | 101.89x |
| NII / HNI | 20,14,20021.4% | 50,88,25,688 | 252.62x |
| bNII · bids above ₹10L | 13,42,80014.3% | 34,01,16,203 | 253.29x |
| sNII · bids ₹2L–₹10L | 6,71,4007.1% | 16,87,09,485 | 251.28x |
| Retail | 46,99,80050.0% | 39,34,46,004 | 83.72x |
Bids received on NSE, as at 18-Sep-2026 19:00:13 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 18 Sept | — | — | — | 125.10x |
| 17 Sept | 12.50x | 37.60x | 39.74x | 31.50x |
| 16 Sept | 1.02x | 6.74x | 11.59x | 7.53x |
Financials
All values in ₹ crore
About Jindal Supreme (India)
Incorporated in 1974, Jindal Supreme (India) Ltd is engaged in the manufacturing and supply of a wide range of steel pipes, tubes and related products used across infrastructure and industrial applications. The company’s product portfolio includes MS black pipes, tubes, galvanized pipes, metal beam crash barriers and GI tubular poles. These products cater to sectors such as water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture, and rural electrification. The company reported a dealer network of 51, 49, 34 and 30 dealers for the period ended June 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. Revenue is generated from the sale of MS steel black pipes, galvanized pipes, metal beam crash barriers, GI poles and other operating income. Its manufacturing facility is located at 9th KM, O P Jindal Marg, Hisar Cantt, Hisar – 125006, Haryana, and is equipped with raw material handling and preparation equipment including an uncoiler, shear and end cutting machine, and coil accumulator. As on June 30, 2025, the company employed 231 personnel.
As published in the company's own offer documents.
Strengths
- Strong dealer and customer relationships.
- Strategic location of manufacturing facility.
- Track record of healthy financial performance.
- Experienced promoter and professional management team.
- Diversified product portfolio with customisation capabilities.
- Established presence in steel pipes and tubes manufacturing.
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Sarthi Capital Advisors Private Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 161 | ₹14,973 |
| Retail (max)most that stays under ₹2L | 13 | 2,093 | ₹1,94,649 |
| S-HNI (min)first bid over ₹2L | 14 | 2,254 | ₹2,09,622 |
| S-HNI (max)most that stays under ₹10L | 66 | 10,626 | ₹9,88,218 |
| B-HNI (min)first bid over ₹10L | 67 | 10,787 | ₹10,03,191 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 161 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 93,99,502 Equity Shares in multiple of 161 Equity Shares (Calculated at Higher Price band)
- Max Bid (NII)
- 67,13,861 Equity Shares in multiple of 161 Equity Shares (Calculated at Higher Price band)
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 18-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- ICICI Bank Limited
Registrar
- Name
- Bigshare Services Private Limited
- Address
- Office No S6 -2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093
- Contact
- Mr. Babu Raphael,+91 22 6263 8200,ipo@bigshareonline.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Jindal Supreme (India) Limited IPO today?
The latest grey market premium for Jindal Supreme (India) Limited IPO is ₹29. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Jindal Supreme (India) Limited IPO?
The price band is ₹88 – ₹93, with a lot size of 161 shares. The minimum investment is ₹14,973.
When does Jindal Supreme (India) Limited IPO open and close?
The issue opens on 16 Sept 2026 and closes on 18 Sept 2026. Listing is expected on 23 Sept 2026.
Who is the registrar for Jindal Supreme (India) Limited IPO?
Bigshare Services Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.