Incorporated in March 1974 , Jindal Supreme (India) Limited has been engaged in the manufacturing and supply of steel pipes, tubes and other steel products catering to infrastructure and industrial applications for over five decades. Its product portfolio includes Mild Steel (MS) black pipes and tubes, galvanized pipes, metal beam crash barriers and Galvanized Iron (GI) tubular poles. These products are manufactured in various dimensions as per applicable Indian Standards and are used across water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among other applications.
The Company has progressively diversified its product portfolio to address emerging infrastructure opportunities. In Fiscal 2025, it commenced manufacturing W-beam and Thrie-beam metal crash barriers, primarily used for road safety and highway infrastructure projects. In Fiscal 2026, it further expanded into GI tubular poles, which are used for street lighting, electrification projects and other public utility infrastructure. The Company primarily follows a B2B business model, with direct sales to institutional and industrial customers, including infrastructure contractors, while also serving customers through its dealer network.
The Company's manufacturing facility is located in Hisar, Haryana, and is equipped with mills, welding plants, galvanizing plants and other machinery, supported by an in-house maintenance workshop and testing equipment. The Company has developed a network of dealers, primarily across the northern states of India, and focuses on expanding its dealer base and increasing volumes from existing dealers.
As of June 30, 2026, the Company had 53 dealers and an employee base of 242 employees.
Competitive Strengths
- Strong dealer and customer relationships.
- Strategic location of manufacturing facility.
- Track record of healthy financial performance.
- Experienced promoter and professional management team.
- Diversified product portfolio with customisation capabilities.
- Established presence in steel pipes and tubes manufacturing.
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings | ₹71 |
| General Corporate Purposes | — |
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|---|
| Total Assets | 233 | 248 | 200 |
| Revenue | 191 | 676 | 605 |
| PAT | 8 | 23 | 24 |
| EBITDA | 14 | 42 | 26 |
| Net Worth | 105 | 97 | 75 |
| Reserves | 65 | 56 | 72 |
| Total Borrowing | 92 | 120 | 96 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 51.05 | 6,714,000 | 342,737,283 |
| NII / HNI | 330.27 | 2,014,200 | 665,238,315 |
| Retail (RII) | 145.68 | 4,699,800 | 684,680,353 |
| Total | 126.05 | 13,428,000 | 1,692,655,951 |
* Amount calculated at upper price band (₹93) · ** Total includes all investor categories
- 1 Initiation of Refund 22 Sep 2026
- 2 Credit of Shares to Demat 22 Sep 2026
- 3 Lock-in Period (30%) Wed, Oct 21, 2026
- 4 Lock-in Period (50%) Sun, Dec 20, 2026
- The IPO P/E of 14x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹6 compares to post-issue EPS of ₹6 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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