Jindal Supreme (India) came to market through an IPO that opened on 16 September 2026 and closed on 18 September 2026, and the shares listed on 23 September 2026 on BSE, NSE. The price band was ₹88 to ₹93 per share and one lot was 161 shares, so the minimum application was ₹14,973. The issue size was ₹124.88 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹120, a gain of 29% against the issue price of ₹93. Bigshare Services Pvt.Ltd was the registrar to the issue, and Sarthi Capital Advisors Pvt.Ltd was the lead manager.
As of 18 September 2026.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Overall the issue was subscribed 181.07 times.
Jindal Supreme (India) Ltd was incorporated in the year 1974 and the business of manufacture and supply of various types of steel pipes and tubes and allied products is carried out by the company. The products supplied by the company include MS black pipes, tubes, galvanized pipes, metal beam crash barriers and GI tubular poles.
The above mentioned products serve the purposes of the sectors such as water supply & plumbing, infrastructure & construction, roads and highways, bridges, oil & gas, chemicals, agriculture and rural electrification. According to the company records, the number of dealers were 53, 49, 34 and 30 respectively, for the periods ending Dec 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023.
The sources of revenues include sale of MS steel black pipes, galvanized pipes, metal beam crash barriers, GI poles and other operating income. Manufacturing unit of the company is situated in Hisar – 125006, Haryana which is having raw material handling and preparation equipments including Uncoiler, Shear and End Cutting Machine and Coil Accumulator. As on June 30, 2025, the total number of employees was 231.
As described in the offer document.
| Metric | 30-Jun-26 | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
|---|
Jindal Supreme (India) Limited finalised its anchor investor allocation on September 15, 2026, raising ₹37.46 crore from 5 institutional investors at an anchor price of ₹93 per share. The anchor book comprises 40,28,400 equity shares. The allocation was dominated by Craft Emerging Market Fund PCC's three sub-funds — Arbitrage Strategy Fund at 33.26%, Citadel Capital Fund at 26.69%, and Elite Capital Fund at 13.35% — together accounting for over 73% of the anchor book.
Minerva Emerging Opportunities Fund Limited and Ekamya Pragati Scheme – I each received the remaining 13.35%.
Abhishek Jindal. Promoter holding 100% before the issue and 73.68% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Jindal Supreme (India) IPO was a ₹124.88 crore book-built issue, comprising a fresh issue of ₹99.89 crore and an offer for sale of ₹24.99 crore. It was priced at ₹88–₹93 per share with a lot size of 161 shares (₹14,973). The IPO was open from September 16 to September 18, 2026 and was subscribed 181.07x. Shares listed on BSE and NSE on September 23, 2026 at ₹120, a 29.0% premium to the issue price of ₹93. Bigshare Services Pvt. Ltd.
is the registrar. Sarthi Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of Jindal Supreme (India) IPO is ₹88 to ₹93 per share.
The lot size of Jindal Supreme (India) IPO is 161 shares.
The minimum investment for Jindal Supreme (India) IPO is approximately ₹14,973 based on the upper price band.
The allotment date of Jindal Supreme (India) IPO is Sep 21, 2026.
No GMP quote could be verified as recorded before Jindal Supreme (India) IPO listed. A grey-market observation of ₹23 per share was recorded on 23 Sep 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹120. GMP is unofficial and does not forecast or guarantee the actual listing price.
Jindal Supreme (India) IPO listed on Sep 23, 2026. It was issued at ₹120.0(NSE) and is currently around ₹163.86 as on 30-Oct-2026 3:30 PM, which is approximately 76.2% versus issue price. The 52-week high is ₹214.96.
You can check Jindal Supreme (India) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Jindal Supreme (India) IPO allotment status on Rupix for quick and easy access.
₹88 to ₹93 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 161 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,973.
₹14,973, for one lot of 161 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 September 2026 and closed on 18 September 2026.
The basis of allotment was published on 21 September 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 23 September 2026 on BSE, NSE, opening at ₹120.
The issue size was ₹124.88 crore. The fresh issue was 1,07,41,149 shares (aggregating up to ₹99.89 crore). The offer for sale was 26,86,851 shares (aggregating up to ₹24.99 crore).
It listed at ₹120 against an issue price of ₹93, a gain of 29 percent on listing day.