Jindal Supreme IPO Listing: Shares Debut at 29.03% Premium on NSE
- September 23, 2026
- Posted by: Harsh Piplani
- Category: News
Jindal Supreme (India) lists at Rs 120 on NSE, up 29.03%. BSE opens at Rs 121.90, up 31.08%. Issue price Rs 93. Subscribed 181.07 times overall. Issue size Rs 125 Cr.
Quick Answer
Jindal Supreme (India) debuted at Rs 120 on the NSE today, a 29.03 percent premium over its Rs 93 issue price, with BSE shares opening even higher at Rs 121.90, up 31.08 percent. The steel pipe manufacturer’s IPO was subscribed a massive 181.07 times overall, the strongest of the three mainboard IPOs listing today.
Jindal Supreme IPO Listing Today: The IPO closed subscription at 181.07 times overall on 18 September 2026. NIIs led the charge at 327.99 times their quota, retail investors subscribed 149.34 times, and QIBs put in 126.41 times. Here is a recap of the offer itself and how the stock actually performed on debut.
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Jindal Supreme IPO Listing: Issue Details
Jindal Supreme (India) Limited raised Rs 125 crore, made up of a fresh issue of Rs 100 crore and an offer for sale of Rs 25 crore by the promoters. The issue listed on both the NSE and the BSE, with a tentative listing date of 23 September 2026. Bidding ran from 16 September 2026 to 18 September 2026, at a price band of Rs 88 to Rs 93 per share and a lot size of 161 shares.
| Particular | Detail |
|---|---|
| Allotment Date | 21 September 2026 |
| IPO Open Date | 16 September 2026 |
| IPO Close Date | 18 September 2026 |
| Issue Size | Rs 125 crore |
| Lot Size | 161 shares |
| Issue Price | Rs 93 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Listing Date | 23 September 2026 |
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Jindal Supreme IPO Listing Price and Performance
Shares opened at Rs 120 on the NSE, a 29.03 percent premium over the Rs 93 issue price, and at Rs 121.90 on the BSE, up 31.08 percent. This was the most heavily subscribed of the three mainboard IPOs listing today, and the listing broadly matched the strong grey market expectations going into the debut.
About the Jindal Supreme IPO
Jindal Supreme (India) Limited manufactures mild steel black pipes and tubes, galvanized pipes, metal beam crash barriers, and galvanized iron tubular poles, serving water supply, infrastructure, roads and highways, and rural electrification projects, from a single manufacturing facility in Hisar, Haryana with an installed capacity of 1.71 lakh MTPA. The company added crash barriers in FY25 and GI tubular poles in FY26 to diversify beyond its core pipe business, and sells mainly to infrastructure contractors through a dealer network that grew from 34 to 53 dealers between FY24 and FY26. Promoters of the company are Abhishek Jindal and Sonam Jindal. Sarthi Capital Advisors is the sole book running lead manager, with Bigshare Services as registrar.
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Jindal Supreme Limited Financials
Here is how Jindal Supreme (India) Limited has performed financially over the last three fiscal years.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue | 675.94 | 586 | 645 |
| Profit After Tax | 22.53 | 24.27 | – |
Explanation
Revenue dipped from Rs 645 crore in FY24 to Rs 586 crore in FY25 on softer steel prices, before rebounding to Rs 675.94 crore in FY26 as newer, higher-value products like crash barriers and GI tubular poles scaled up. Profit after tax actually declined slightly, from Rs 24.27 crore in FY25 to Rs 22.53 crore in FY26, even as revenue grew, which is worth watching alongside the fact that the newer product lines have only a short track record.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Jindal Supreme IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Jindal Supreme IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What was the Jindal Supreme IPO listing price?
Ans. Jindal Supreme (India) shares listed at Rs 120 on the NSE, a 29.03 percent premium over the Rs 93 issue price, and opened at Rs 121.90 on the BSE, a 31.08 percent premium.
Was the Jindal Supreme IPO listing a premium or a discount?
Ans. It was a strong premium listing on both exchanges, matching the high grey market expectations ahead of the debut.
How much was the Jindal Supreme IPO subscribed?
Ans. The IPO was subscribed 181.07 times overall, with NIIs at 327.99 times, retail investors at 149.34 times, and QIBs at 126.41 times their respective quotas.
What is the issue price of the Jindal Supreme IPO?
Ans. The issue price was fixed at Rs 93 per share, the top of the Rs 88 to Rs 93 price band.
What is the lot size of the Jindal Supreme IPO?
Ans. The lot size was 161 shares.
Who is the registrar for the Jindal Supreme IPO?
Ans. Bigshare Services Private Limited is the registrar.
What does Jindal Supreme do?
Ans. Jindal Supreme (India) manufactures mild steel black pipes, galvanized pipes, metal beam crash barriers, and GI tubular poles for infrastructure, water supply, and road safety projects.
Where can I track the Jindal Supreme share price now?
Ans. You can track it on the NSE and BSE, or through the Univest platform.
Should I hold shares after the Jindal Supreme IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the FY26 PAT decline and single-location manufacturing risk against the strong demand and diversification into new product lines before deciding whether to hold or sell.
