
Metals & Mining / Steel · NSE / BSE
Incorporated in 1974, Jindal Supreme (India) Ltd is engaged in manufacturing and supplying steel pipes, tubes, and related products used across infrastructure and industrial applications. Its product portfolio includes MS black pipes, galvanized pipes, tubes, metal beam crash barriers, and GI tubular poles, catering to sectors such as water supply, construction, roads and highways, oil & gas, agriculture, and rural electrification. The company generates revenue mainly from the sale of these steel products and has steadily expanded its dealer network from 30 dealers in FY23 to 53 dealers as of December 2025, reflecting growing market reach. Its manufacturing facility in Hisar, Haryana, is equipped with essential machinery like uncoilers, shear and cutting machines, and coil accumulators for efficient production. As of June 30, 2025, the company had a workforce of 231 employees.
Price Band
₹88 – ₹93
Issue Size
₹1342.80 L Cr
Lot Size
161 shares
GMP
+31.2%
Est. Listing
₹122
at current GMP
Subscribed
181.07x
overall
Open
16 Sep 2026
Close
18 Sep 2026
Allotment
21 Sep 2026
Refund
22 Sep 2026
Demat Credit
23 Sep 2026
Listing
23 Sep 2026
Designated Registrar: Bigshare Services Private Limited
Allotment Date
21 Sep 2026
Basis finalization
Refunds Initiate
22 Sep 2026
Mandate release
Demat Credit
23 Sep 2026
Shares in demat
Listing Debut
23 Sep 2026
Trading begins
Jindal Supreme (India) Limited is bringing an initial public offering (IPO) in the Metals & Mining / Steel sector with an aggregate issue size of ₹1,34,28,000 Crores. The shares are offered at a price band of ₹88 to ₹93 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 161 shares (approx. ₹14,973 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-09-23, while un-allotted funds or UPI block mandates will be released on 2026-09-22.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.