{"id":239449,"date":"2026-09-10T09:38:50","date_gmt":"2026-09-10T04:08:50","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=239449"},"modified":"2026-09-10T09:38:50","modified_gmt":"2026-09-10T04:08:50","slug":"blogs-jindal-supreme-india-initial-public-offering-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/","title":{"rendered":"Jindal Supreme (India) IPO Review: Key Details, Company Overview and Financials"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Jindal Supreme IPO price band Rs 88 to Rs 93 (reported). Opens 16 Sep, closes 18 Sep 2026. Issue size approx Rs 125 Cr. Lists 23 Sep on BSE, NSE.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Jindal Supreme (India) IPO is an approximately Rs 125 crore bookbuilding issue reportedly priced around Rs 93 per share at the upper end, open for bidding from 16 to 18 September 2026. The steel products manufacturer, known for crash barriers and GI tubular poles, combines a fresh issue with an offer for sale of around 20 percent of the issue by existing shareholders. Shares are proposed to list on BSE and NSE around 23 September 2026.<\/p>\n<\/p><\/div>\n<p>The Jindal Supreme (India) IPO is a bookbuilding issue of 1,34,28,000 equity shares in total, comprising a fresh issue of up to 1,07,41,149 shares and an offer for sale of up to 26,86,851 shares by existing shareholders. The IPO will open for subscription on 16 September 2026 and close on 18 September 2026. The allotment is expected to be finalised on 21 September 2026, while the shares are proposed to list on BSE and NSE around 23 September 2026.<\/p>\n<p>The Jindal Supreme (India) IPO is reported at an issue price of around Rs 93 per share, with a lot size of 161 shares, requiring an investment of around Rs 14,973 at that price. Investors should confirm the final, officially disclosed price band from the RHP.<\/p>\n<p>Sarthi Capital Advisors Pvt. Ltd. is the book-running lead manager for the Jindal Supreme (India) IPO, while Bigshare Services Pvt. Ltd. is the registrar to the issue.<\/p>\n<p>For detailed information on the company&#8217;s business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Jindal Supreme (India) IPO Red Herring Prospectus (RHP) before making an investment decision.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Company_Overview\" title=\"Company Overview\">Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#IPO_Details\" title=\"IPO Details\">IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Industry_Context\" title=\"Industry Context\">Industry Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Business_Strengths\" title=\"Business Strengths\">Business Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Business_Risks\" title=\"Business Risks\">Business Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Financial_Performance\" title=\"Financial Performance\">Financial Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Jindal_Supreme_India_Ltd_%E2%80%93_Financials_Rs_in_Lakh\" title=\"Jindal Supreme (India) Ltd. &#8211; Financials (Rs in Lakh)\">Jindal Supreme (India) Ltd. &#8211; Financials (Rs in Lakh)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Key_Ratios_and_Metrics\" title=\"Key Ratios and Metrics\">Key Ratios and Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Objects_of_the_Offer\" title=\"Objects of the Offer\">Objects of the Offer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#What_are_the_Jindal_Supreme_IPO_dates_and_when_will_it_list\" title=\"What are the Jindal Supreme IPO dates, and when will it list?\">What are the Jindal Supreme IPO dates, and when will it list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#What_is_the_price_band_for_the_Jindal_Supreme_IPO\" title=\"What is the price band for the Jindal Supreme IPO?\">What is the price band for the Jindal Supreme IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#What_does_Jindal_Supreme_India_Limited_manufacture\" title=\"What does Jindal Supreme (India) Limited manufacture?\">What does Jindal Supreme (India) Limited manufacture?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Is_the_Jindal_Supreme_IPO_a_fresh_issue_or_does_it_include_an_offer_for_sale\" title=\"Is the Jindal Supreme IPO a fresh issue or does it include an offer for sale?\">Is the Jindal Supreme IPO a fresh issue or does it include an offer for sale?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#How_will_Jindal_Supreme_use_the_proceeds_from_its_fresh_issue\" title=\"How will Jindal Supreme use the proceeds from its fresh issue?\">How will Jindal Supreme use the proceeds from its fresh issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#What_are_the_key_strengths_highlighted_for_the_Jindal_Supreme_IPO\" title=\"What are the key strengths highlighted for the Jindal Supreme IPO?\">What are the key strengths highlighted for the Jindal Supreme IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#What_are_the_main_risks_or_concerns_flagged_for_the_Jindal_Supreme_IPO\" title=\"What are the main risks or concerns flagged for the Jindal Supreme IPO?\">What are the main risks or concerns flagged for the Jindal Supreme IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Who_are_the_lead_manager_and_registrar_for_the_Jindal_Supreme_IPO\" title=\"Who are the lead manager and registrar for the Jindal Supreme IPO?\">Who are the lead manager and registrar for the Jindal Supreme IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/blogs-jindal-supreme-india-initial-public-offering-review\/#Is_the_Jindal_Supreme_IPO_a_good_investment\" title=\"Is the Jindal Supreme IPO a good investment?\">Is the Jindal Supreme IPO a good investment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Company_Overview\"><\/span><strong>Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Jindal Supreme (India) Limited manufactures steel-based infrastructure products, including road safety crash barriers and galvanised iron (GI) tubular poles. The company began producing crash barriers first, and in FY26 diversified into GI tubular poles, which are commonly used for street lighting, electrification projects and other public utility infrastructure.<\/p>\n<p>The company is led by promoter and Managing Director Abhishek Jindal, supported by an experienced professional leadership team. Jindal Supreme sells through a dealer network that grew from 34 dealers in FY24 to 49 in FY25 and 53 in FY26, largely concentrated in North India. As of 30 June 2026, the company had 242 employees on its rolls.<\/p>\n<p><em>Read on for the complete Jindal Supreme IPO details, including price band, lot size, listing timeline and the company&#8217;s financial track record.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"IPO_Details\"><\/span><strong>IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Details<\/th>\n<\/tr>\n<tr>\n<td>IPO Date<\/td>\n<td>16 to 18 September 2026<\/td>\n<\/tr>\n<tr>\n<td>Allotment<\/td>\n<td>Mon, 21 September 2026<\/td>\n<\/tr>\n<tr>\n<td>Listing Date<\/td>\n<td>Wed, 23 September 2026 (tentative)<\/td>\n<\/tr>\n<tr>\n<td>Face Value<\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td>Price (reported, upper end)<\/td>\n<td>Around Rs 93 (exact official band to be confirmed from RHP)<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>161 Shares (reported)<\/td>\n<\/tr>\n<tr>\n<td>Issue Type<\/td>\n<td>Bookbuilding IPO<\/td>\n<\/tr>\n<tr>\n<td>Sale Type<\/td>\n<td>Fresh Issue cum Offer for Sale<\/td>\n<\/tr>\n<tr>\n<td>Total Issue Size<\/td>\n<td>1,34,28,000 shares<\/td>\n<\/tr>\n<tr>\n<td>Fresh Issue<\/td>\n<td>Up to 1,07,41,149 shares<\/td>\n<\/tr>\n<tr>\n<td>Offer for Sale<\/td>\n<td>Up to 26,86,851 shares<\/td>\n<\/tr>\n<tr>\n<td>Shareholding Pre-Issue<\/td>\n<td>4,02,82,620 shares<\/td>\n<\/tr>\n<tr>\n<td>Shareholding Post-Issue<\/td>\n<td>5,10,23,769 shares<\/td>\n<\/tr>\n<tr>\n<td>Listing Exchange<\/td>\n<td>BSE, NSE<\/td>\n<\/tr>\n<\/table>\n<p><em>(Compiled from the RHP\/DRHP and market updates)<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry_Context\"><\/span><strong>Industry Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Road safety crash barriers are a mandated infrastructure component on Indian national and state highways, with demand closely tied to highway construction and upgrade programmes such as Bharatmala.<\/li>\n<li>GI tubular poles used for street lighting and rural electrification are linked to government infrastructure and electrification tenders, providing a demand stream distinct from, but complementary to, crash barrier manufacturing on the same production base.<\/li>\n<li>Steel product manufacturers serving infrastructure tenders are exposed to steel price cycles, which can affect margins between order placement and execution.<\/li>\n<li>Dealer network expansion, as seen in Jindal Supreme&#8217;s growth from 34 to 53 dealers over three years, is a common strategy for steel infrastructure product makers to widen their addressable geography beyond direct tender wins.<\/li>\n<li>Government capital expenditure on roads and rural electrification remains a key demand driver for this category of steel infrastructure products, making policy continuity an important industry consideration.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Business_Strengths\"><\/span><strong>Business Strengths<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are the key strengths investors evaluating the Jindal Supreme IPO should weigh:<\/p>\n<ul>\n<li>A key strength behind the Jindal Supreme IPO is its founder-led structure with an experienced, professional leadership team, and revenue up from Rs 604.74 crore in FY25 to Rs 675.94 crore in FY26.<\/li>\n<li>Diversification into GI tubular poles in FY26, alongside its established crash barrier business, operating from the same manufacturing base.<\/li>\n<li>A growing dealer network, expanding from 34 dealers in FY24 to 53 in FY26, supporting wider market reach.<\/li>\n<li>A meaningful share of the fresh issue proceeds is earmarked for loan repayment, which should help strengthen the balance sheet.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><strong>Screen steel and infrastructure product stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Risks\"><\/span><strong>Business Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alongside these strengths, the Jindal Supreme IPO also carries the following business risks:<\/p>\n<ul>\n<li>A key risk for the Jindal Supreme IPO is that the business depends significantly on government infrastructure tenders for both crash barriers and GI poles, so any slowdown in highway or electrification tendering could affect order flow.<\/li>\n<li>Steel price volatility can compress margins, particularly on fixed-price contracts, and the company&#8217;s dealer network remains concentrated in North India.<\/li>\n<li>The offer for sale of up to 26,86,851 shares, roughly 20 percent of the total issue, will not provide funds to the company.<\/li>\n<li>As a relatively newly diversified business in GI tubular poles, execution and demand risk in this newer product line has yet to be tested over a full multi-year cycle.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><strong>Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Jindal Supreme IPO comes after a period of steady growth. The company&#8217;s revenue increased from Rs 604.74 crore in FY25 to Rs 675.94 crore in FY26, an increase of around 12 percent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Jindal_Supreme_India_Ltd_%E2%80%93_Financials_Rs_in_Lakh\"><\/span><strong>Jindal Supreme (India) Ltd. &#8211; Financials (Rs in Lakh)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2026<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2025<\/th>\n<\/tr>\n<tr>\n<td>Revenue<\/td>\n<td>67,594.00<\/td>\n<td>60,474.00<\/td>\n<\/tr>\n<\/table>\n<p><em>Amounts in Rs Lakh, compiled from published Jindal Supreme (India) IPO financial disclosures. Detailed EBITDA, PAT, net worth and borrowings figures were not separately available in the sources used for this review; investors should refer to the RHP for the complete restated financial statements.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Ratios_and_Metrics\"><\/span><strong>Key Ratios and Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below summarises what is currently known about the Jindal Supreme IPO&#8217;s financial profile as of the latest reported period.<\/p>\n<p><em>These ratios offer a quick snapshot of how the Jindal Supreme IPO is priced relative to the company&#8217;s profitability and net worth.<\/em><\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">KPI (Mar 31, 2026)<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Value<\/th>\n<\/tr>\n<tr>\n<td>Revenue Growth (FY25 to FY26)<\/td>\n<td>~12%<\/td>\n<\/tr>\n<tr>\n<td>Offer for Sale as % of Total Issue<\/td>\n<td>~20%<\/td>\n<\/tr>\n<tr>\n<td>Dealer Network (FY24 to FY26)<\/td>\n<td>34 to 53 dealers<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Objects_of_the_Offer\"><\/span><strong>Objects of the Offer<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company proposes to utilise the net proceeds from the Jindal Supreme IPO towards the following objects.<\/p>\n<ul>\n<li>Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company<\/li>\n<li>General corporate purposes<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track the Jindal Supreme (India) IPO and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><em>Here is the bottom line on the Jindal Supreme IPO.<\/em><\/p>\n<p>The Jindal Supreme IPO reflects a founder-led steel infrastructure products manufacturer with a growing dealer network and a recent diversification into GI tubular poles alongside its established crash barrier business.<\/p>\n<p>However, dependence on government infrastructure tenders, steel price volatility, the offer for sale component, and the relatively untested nature of its newer GI pole business are factors that could affect the investment case for the Jindal Supreme IPO.<\/p>\n<p>Overall, investors weighing the Jindal Supreme IPO should evaluate the company&#8217;s business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently 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).<\/p>\n<\/p><\/div>\n<p>Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_Jindal_Supreme_IPO_dates_and_when_will_it_list\"><\/span><strong>What are the Jindal Supreme IPO dates, and when will it list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Jindal Supreme (India) IPO opens for subscription on 16 September 2026 and closes on 18 September 2026. The allotment is expected to be finalised on 21 September 2026, and the shares are tentatively scheduled to list on both BSE and NSE around 23 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_price_band_for_the_Jindal_Supreme_IPO\"><\/span><strong>What is the price band for the Jindal Supreme IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Jindal Supreme (India) IPO is reported at an issue price of around Rs 93 per share at the upper end, with a lot size of around 161 shares, implying a minimum investment of roughly Rs 14,973. This price has not been fully confirmed through an official company announcement in the sources reviewed, so investors should verify the final price band from the RHP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Jindal_Supreme_India_Limited_manufacture\"><\/span><strong>What does Jindal Supreme (India) Limited manufacture?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jindal Supreme manufactures steel-based infrastructure products, primarily road safety crash barriers used on highways, and, from FY26, galvanised iron (GI) tubular poles used for street lighting, rural electrification and other public utility projects. The company is led by promoter and Managing Director Abhishek Jindal and sells through a dealer network that has grown from 34 dealers in FY24 to 53 in FY26, concentrated mainly in North India.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Jindal_Supreme_IPO_a_fresh_issue_or_does_it_include_an_offer_for_sale\"><\/span><strong>Is the Jindal Supreme IPO a fresh issue or does it include an offer for sale?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Jindal Supreme (India) IPO combines a fresh issue of up to 1,07,41,149 equity shares with an offer for sale of up to 26,86,851 shares by existing shareholders, together making up the total issue of 1,34,28,000 shares. The offer for sale portion, representing roughly 20 percent of the total issue, will not bring in funds for the company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Jindal_Supreme_use_the_proceeds_from_its_fresh_issue\"><\/span><strong>How will Jindal Supreme use the proceeds from its fresh issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company intends to use the net proceeds from the fresh issue primarily for the repayment or prepayment, in full or in part, of certain outstanding borrowings, which should help reduce its debt servicing costs. The remaining amount from the fresh issue will go towards general corporate purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_strengths_highlighted_for_the_Jindal_Supreme_IPO\"><\/span><strong>What are the key strengths highlighted for the Jindal Supreme IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jindal Supreme is a founder-led company with an experienced professional leadership team, and it has grown revenue from Rs 604.74 crore in FY25 to Rs 675.94 crore in FY26. Its diversification into GI tubular poles in FY26, alongside its established crash barrier business, gives it exposure to both highway safety and electrification infrastructure spending, supported by a dealer network that has expanded from 34 to 53 dealers over three years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_or_concerns_flagged_for_the_Jindal_Supreme_IPO\"><\/span><strong>What are the main risks or concerns flagged for the Jindal Supreme IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company&#8217;s order flow for both crash barriers and GI poles depends significantly on government infrastructure tenders, so any slowdown in highway construction or rural electrification programmes could affect future revenue. Steel price volatility is a recurring margin risk for infrastructure product manufacturers, particularly on fixed-price contracts, and the dealer network remains concentrated in North India. The offer for sale component, roughly 20 percent of the total issue, will not benefit the company, and the newer GI tubular pole business has not yet been tested over a full multi-year demand cycle.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_lead_manager_and_registrar_for_the_Jindal_Supreme_IPO\"><\/span><strong>Who are the lead manager and registrar for the Jindal Supreme IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Sarthi Capital Advisors Pvt. Ltd. is the book-running lead manager for the Jindal Supreme (India) IPO, responsible for structuring and managing the offer process. Bigshare Services Pvt. Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants&#8217; demat accounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Jindal_Supreme_IPO_a_good_investment\"><\/span><strong>Is the Jindal Supreme IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jindal Supreme offers exposure to a founder-led steel infrastructure products business with steady recent growth and a sensible diversification into GI tubular poles alongside its established crash barrier line. At the same time, dependence on government tenders, steel price volatility, and the offer for sale component are factors that call for careful evaluation. As always, investors should study the RHP in detail, confirm the official price band, and assess their own risk appetite before applying.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are the Jindal Supreme IPO dates, and when will it list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Jindal Supreme (India) IPO opens for subscription on 16 September 2026 and closes on 18 September 2026. The allotment is expected to be finalised on 21 September 2026, and the shares are tentatively scheduled to list on both BSE and NSE around 23 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the price band for the Jindal Supreme IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Jindal Supreme (India) IPO is reported at an issue price of around Rs 93 per share at the upper end, with a lot size of around 161 shares, implying a minimum investment of roughly Rs 14,973. 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Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants' demat accounts.\"}},{\"@type\":\"Question\",\"name\":\"Is the Jindal Supreme IPO a good investment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Jindal Supreme offers exposure to a founder-led steel infrastructure products business with steady recent growth and a sensible diversification into GI tubular poles alongside its established crash barrier line. At the same time, dependence on government tenders, steel price volatility, and the offer for sale component are factors that call for careful evaluation. 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The steel products manufacturer, known for crash barriers and GI tubular poles, combines a<\/p>\n","protected":false},"author":29,"featured_media":239448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[],"class_list":["post-239449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["239448"],"rank_math_title":["Jindal Supreme IPO 2026: Price and Full Review"],"rank_math_description":["Jindal Supreme (India) IPO opens 16 to 18 September 2026 at Rs 88 to Rs 93. 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