Jindal Supreme IPO Day 1: Subscription Opens Today, 16 September 2026
- September 16, 2026
- Posted by: Harsh Piplani
- Category: IPO
Jindal Supreme IPO opens today, 16 Sep 2026, closes 18 Sep 2026. Price band Rs 88-93. Lot size 161 shares. Lists on BSE and NSE on 23 Sep.
Quick Answer
The Jindal Supreme IPO opens for subscription today, 16 September 2026, and will remain open until 18 September 2026. Jindal Supreme (India) Limited manufactures steel pipes, tubes and other steel products, including crash barriers and GI tubular poles, and is raising about Rs 124.88 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 88 to Rs 93 per share, with a lot size of 161 shares, and the shares are proposed to list on both BSE and NSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.
Jindal Supreme (India) Limited, incorporated in March 1974 and operating from an integrated facility at Hisar, Haryana, has opened its IPO for subscription today, 16 September 2026. The Jindal Supreme IPO is a mainboard, book built issue worth about Rs 124.88 crore, comprising a fresh issue of about 1.07 crore shares worth Rs 99.89 crore and an offer for sale of about 26.87 lakh shares worth Rs 24.99 crore by promoter group entity VVJ Enterprise Private Limited, and will remain open for bidding until 18 September 2026. The equity shares are proposed to be listed on both BSE and NSE.
The company manufactures MS black pipes and tubes, galvanized pipes, metal beam crash barriers and GI tubular poles, selling mainly across Northern India through 53 dealers and direct institutional relationships. Its installed capacity spans 90,000 MTPA of MS black pipes, 45,000 MTPA of galvanized pipes, 24,000 MTPA of crash barriers and 12,000 MTPA of GI tubular poles, supporting infrastructure, water and road safety demand. The fresh issue proceeds of the Jindal Supreme IPO are earmarked mainly for repaying outstanding borrowings.
Click Here – Get Free Investment Predictions
Jindal Supreme IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 16 September 2026 |
| Close Date | 18 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 88 to Rs 93 per share |
| Lot Size | 161 shares |
| Issue Size | Rs 124.88 crore |
| Issue Type | Book Built Issue |
| Listing At | BSE and NSE |
| Allotment Date | 21 September 2026 |
| Listing Date | 23 September 2026 |
Jindal Supreme IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 14,973 (1 lot, 161 shares) |
| Maximum retail application | Around Rs 2,00,000 (13 lots) |
| Registrar | Bigshare Services Pvt Ltd |
| Lead Manager | Sarthi Capital Advisors Pvt Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Jindal Supreme IPO Share Reservation
The issue follows the standard SEBI reservation framework for a book built mainboard issue, with allocations for qualified institutional buyers, non-institutional investors and retail individual investors. Promoter Abhishek Jindal, who holds around 81 percent pre-IPO, is not selling any shares in the offer.
Jindal Supreme IPO Subscription Status Day 1
Bidding for the issue has opened today, 16 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids typically build closer to the final day of a book built mainboard issue.
| Investor Category | Subscription Status, Day 1 (16 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Jindal Supreme IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 88 to Rs 93 band, in multiples of 161 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 18 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Jindal Supreme (India) Limited
Jindal Supreme (India) Limited, incorporated in March 1974, manufactures MS black pipes and tubes, galvanized pipes, metal beam crash barriers and GI tubular poles from its integrated facility in Hisar, Haryana, serving infrastructure, water and road safety applications largely across Northern India. The company reported total income of Rs 675.94 crore, profit after tax of Rs 22.53 crore and EBITDA of Rs 41.63 crore for the year ended March 2026, ahead of the issue.
Conclusion
The issue has opened for bidding today, 16 September 2026, backed by a five decade old steel pipes and tubes manufacturing business. Investors considering the issue should study the company’s regional customer concentration and risk factors in the RHP on bseindia.com and nseindia.com, and apply only after independent due diligence.
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 is the Jindal Supreme IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 16 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE and NSE as the day progresses.
When does the Jindal Supreme IPO open and close?
Ans. The issue opened for subscription today, 16 September 2026, and will close on 18 September 2026, a standard three day bidding window for a mainboard issue.
What is the Jindal Supreme IPO price band and lot size?
Ans. The issue price band is Rs 88 to Rs 93 per share, with a lot size of 161 shares, taking the minimum retail investment to about Rs 14,973 at the upper price band.
What is the issue size and structure of the Jindal Supreme IPO?
Ans. The issue is worth about Rs 124.88 crore, comprising a fresh issue of about 1.07 crore shares worth Rs 99.89 crore and an offer for sale of about 26.87 lakh shares worth Rs 24.99 crore by a promoter group entity.
Is the promoter selling shares in the Jindal Supreme IPO?
Ans. The main promoter, Abhishek Jindal, who holds around 81 percent of the company pre-IPO, is not selling any shares in the issue. The offer for sale is entirely by promoter group entity VVJ Enterprise Private Limited.
What is the Jindal Supreme IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Jindal Supreme IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 161 shares and your price within the Rs 88 to Rs 93 band, then approve the UPI mandate before the daily cut off.
When will the Jindal Supreme IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 21 September 2026, and the shares are tentatively scheduled to list on both BSE and NSE on 23 September 2026.
What does Jindal Supreme (India) Limited do?
Ans. Jindal Supreme (India) Limited manufactures MS black pipes and tubes, galvanized pipes, metal beam crash barriers and GI tubular poles from its Hisar, Haryana facility, serving infrastructure and road safety applications mainly across Northern India.
Who are the registrar and lead manager for the Jindal Supreme IPO?
Ans. Bigshare Services Pvt Ltd is the registrar for the issue, and Sarthi Capital Advisors Pvt Ltd is the book running lead manager for the issue.
