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Tue, 08 Sept 2026
03:11:39 am
Tue, 08 Sept 2026
03:11:39 am
Rudransh Sangwan
Published at: August 3, 2026, 11:30 AM
Synopsis
Jindal Supreme IPO has received SEBI approval for its mainboard IPO. Check the latest IPO details, issue structure, fresh issue, OFS, financials, objectives, business overview, key dates, and everything investors should know before the public issue opens.
Jindal Supreme (India) Ltd. has received SEBI approval for its proposed mainboard Initial Public Offering (IPO), clearing a major regulatory milestone ahead of its public market debut. The market regulator approved the company's draft papers on July 17, 2026, allowing it to proceed with the IPO launch, subject to market conditions and other statutory approvals. While the company has secured regulatory clearance, key details including the IPO opening date, price band and lot size are yet to be announced.
The proposed IPO will comprise a combination of a fresh issue of 1.07 crore equity shares and an Offer for Sale (OFS) of 26.86 lakh equity shares, taking the total issue size to 1.34 crore equity shares. The fresh issue proceeds will primarily be used to reduce debt, while the company also aims to strengthen its balance sheet as it prepares for the next phase of growth in India's infrastructure and industrial sectors.
| Particulars | Details |
|---|---|
| IPO Type | Book Built Mainboard IPO |
| SEBI Approval Date | July 17, 2026 |
| Total Issue Size | 1.34 Crore Equity Shares |
| Fresh Issue | 1.07 Crore Equity Shares |
| Offer for Sale | 26.86 Lakh Equity Shares |
| Face Value | ₹10 Per Share |
| Listing | BSE & NSE |
| IPO Dates | Yet to be Announced |
| Price Band | Yet to be Announced |
Jindal Supreme has moved a step closer to its stock market debut after receiving SEBI's approval for its public issue. The company had initially filed its draft papers in December 2025, later withdrew the proposal, and submitted a revised application in April 2026. After reviewing the updated documents, SEBI granted its approval in July 2026, enabling the company to proceed with the IPO process.
The approval remains valid for 12 months, giving the company flexibility to launch the public issue depending on market conditions. Investors will now be watching for the announcement of the IPO schedule, price band and final issue size in rupee terms.
| Event | Date |
|---|---|
| Initial DRHP Filed | December 9, 2025 |
| Proposal Withdrawn | March 23, 2026 |
| Revised DRHP Filed | April 13, 2026 |
| SEBI Approval | July 17, 2026 |
| IPO Opening Date | To Be Announced |
According to the draft documents, the company intends to utilise a significant portion of the fresh issue proceeds for repayment or prepayment of certain outstanding borrowings. Reducing debt could strengthen the company's financial position and improve operational flexibility over the long term.
The remaining funds will be used for general corporate purposes, supporting future business requirements and expansion initiatives.
| Purpose | Amount |
|---|---|
| Repayment or Prepayment of Borrowings | ₹77 Crore |
| General Corporate Purposes | Remaining Proceeds |
Founded in 1974, the company manufactures and supplies a diversified range of steel pipes, tubes and related products used across infrastructure and industrial applications. Its product portfolio includes MS black pipes, galvanized pipes, steel tubes, metal beam crash barriers and GI tubular poles.
These products cater to several sectors, including water supply, construction, roads and highways, bridges, oil and gas, agriculture, chemicals and rural electrification. The company's manufacturing facility is located in Hisar, Haryana, where it operates integrated production facilities equipped with raw material handling and processing infrastructure.
| Category | Products |
|---|---|
| Steel Pipes | MS Black Pipes |
| Galvanized Products | GI Pipes |
| Infrastructure Products | Crash Barriers |
| Utility Products | GI Tubular Poles |
| End User Industries | Infrastructure, Water Supply, Roads, Oil & Gas, Agriculture |
Jindal Supreme has reported consistent profitability improvements over the last few financial years. For the period ended December 31, 2025, the company reported total income of ₹490.10 crore and profit after tax of ₹16.30 crore. During FY25, it recorded ₹604.74 crore in total income and ₹24.27 crore in net profit.
The company has also maintained healthy return ratios, with ROE of 32.52%, ROCE of 22.37% and Return on Net Worth (RoNW) of 38.85%, indicating efficient capital utilisation.
| Period | Total Income | Net Profit | Net Worth |
|---|---|---|---|
| FY23 | ₹506.57 Crore | ₹0.63 Crore | ₹41.70 Crore |
| FY24 | ₹650.88 Crore | ₹12.87 Crore | ₹50.31 Crore |
| FY25 | ₹604.74 Crore | ₹24.27 Crore | ₹74.64 Crore |
| Nine Months FY26 | ₹490.10 Crore | ₹16.30 Crore | ₹90.54 Crore |
The company believes its diversified product portfolio, backward integration, technological capabilities and established distribution network provide a competitive advantage in the steel products industry. It has also developed expertise in meeting regulatory standards required for supplying products across infrastructure and government-related projects.
Its dealer network has expanded over the years, helping strengthen distribution across multiple regions while supporting demand from both industrial and infrastructure customers.
| Strength | Benefit |
|---|---|
| Diversified Product Portfolio | Multiple Revenue Streams |
| Backward Integration | Better Cost Efficiency |
| Manufacturing Capabilities | Operational Strength |
| Regulatory Expertise | Supports Infrastructure Projects |
| Dealer Network | Wider Market Reach |
Following the completion of the public issue, promoter shareholding is expected to decline as new shares are issued and the Offer for Sale is completed.
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter Holding | 100% | 73.68% |
| Public Shareholding | 0% | 26.32% |
Although Jindal Supreme has received regulatory approval, investors will now wait for the company to announce the IPO dates, price band, lot size and overall valuation. These details will play a crucial role in determining investor interest and subscription levels.
Apart from the IPO pricing, investors should also monitor the company's debt reduction plans, financial performance, demand from the infrastructure sector and overall outlook for India's steel and construction industries before making an investment decision.
Jindal Supreme (India) Ltd. is a Hisar, Haryana based steel products manufacturer incorporated in 1974. The company manufactures MS black pipes, galvanized pipes, steel tubes, crash barriers and GI tubular poles, supplying products to industries including construction, infrastructure, roads, bridges, water supply, oil and gas, chemicals, agriculture and rural electrification. Its integrated manufacturing facility and diversified product portfolio have helped it establish a presence across both domestic industrial and infrastructure markets.
Jindal Supreme (India) IPO is a mainboard book built public issue comprising a fresh issue of up to 1.07 crore equity shares and an Offer for Sale (OFS) of up to 26.86 lakh equity shares. The shares are proposed to be listed on the BSE and NSE.
Yes. SEBI approved the Jindal Supreme (India) IPO on July 17, 2026. The approval is valid for 12 months, subject to the company meeting regulatory requirements and market conditions.
As of now, the IPO opening date, closing date, price band, lot size and listing date have not been announced by the company.
Jindal Supreme (India) manufactures steel pipes, tubes and related products used across industries such as infrastructure, water supply, construction, roads and highways, bridges, oil and gas, agriculture, chemicals and rural electrification.
The company operates its manufacturing facility in Hisar, Haryana, equipped with raw material handling and steel processing infrastructure.
Its product portfolio includes MS black pipes, galvanized pipes, steel tubes, metal beam crash barriers and GI tubular poles, catering to a wide range of industrial and infrastructure applications.
For FY25, the company reported total income of ₹604.74 crore and profit after tax of ₹24.27 crore, compared with ₹650.88 crore revenue and ₹12.87 crore profit in FY24. For the nine months ended December 2025, it reported ₹490.10 crore in total income and ₹16.30 crore in profit after tax.
The company plans to utilize the fresh issue proceeds primarily for repayment or prepayment of certain outstanding borrowings worth ₹77 crore, while the remaining amount will be used for general corporate purposes.
The company is promoted by Abhishek Jindal.
The company highlights several competitive strengths, including a diversified product portfolio, backward integration, strong technological capabilities, regulatory compliance expertise and a well established distribution network.
Bigshare Services Pvt. Ltd. is the registrar to the issue, while Sarthi Capital Advisors Pvt. Ltd. is acting as the book running lead manager.
The IPO provides exposure to India's growing steel pipes and infrastructure manufacturing sector. Investors should evaluate the company's financial performance, debt levels, valuation once announced, industry outlook and overall market conditions before making an investment decision.
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