Jindal Supreme IPO grey market premium (GMP) today stood at Rs 31, indicating a potential 33.33% listing premium over the upper price band of Rs 93. The shares are scheduled to list on the NSE and BSE on Sept. 23.
Note: GMP does not represent official data and is based on speculation.
Jindal Supreme IPO GMP, Expected Listing Price
Based on the latest GMP of Rs 31 and the upper price band of Rs 93, the estimated Jindal Supreme IPO listing price is Rs 124 per share. This implies a potential listing premium of 33.33% over the issue price.
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Jindal Supreme IPO Day 3 Subscription Status
The initial public offering (IPO) of Jindal Supreme has been subscribed 45.27 times as of 10:30 a.m. on the final day of bidding on Sept. 18.
Qualified Institutional Buyers (QIBs) booked the issue 12.55 times. The Non-Institutional Investors (NIIs) category was subscribed 73.72 times. Retail investors booked their quota 51.77 times.
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Jindal Supreme IPO Allotment And Listing Date
The share allotment status will be finalised on Sept. 21, 2026. Shares of Jindal Supreme are scheduled to list on the NSE and BSE on Sept. 23, 2026.
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Jindal Supreme IPO Details
The Jindal Supreme IPO comprises:
Fresh issue: 1.07 crore equity shares worth Rs 99.89 crore
Offer for Sale (OFS): 26.87 lakh equity shares worth Rs 24.99 crore
The total issue size stands at Rs 124.88 crore. The price band was fixed at Rs 88–Rs 93 per share. The minimum bid size for retail investors is 161 shares, requiring an investment of Rs 14,973 at the upper end of the price band.
Sarthi Capital Advisors Ltd. is the book-running lead manager and Bigshare Services Ltd. is the registrar to the issue.
Jindal Supreme Financial Performance
For FY26, Jindal Supreme reported:
Total income: Rs 675.94 crore, compared with Rs 604.74 crore in FY25
Profit after tax (PAT): Rs 22.53 crore, down from Rs 24.27 crore
EBITDA: Rs 41.63 crore versus Rs 25.92 crore a year earlier
Jindal Supreme IPO: Use Of Proceeds
The company plans to utilise the net proceeds from the fresh issue primarily towards:
Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the company (Rs 71 crore).
General corporate purposes.
Jindal Supreme Business
Incorporated in March 1974, Jindal Supreme (India) Ltd. operates in the steel products segment, manufacturing and supplying pipes, tubes and related products for infrastructure and industrial use. Its portfolio spans MS black pipes and tubes, galvanised pipes, metal beam crash barriers and GI tubular poles. These products find applications across a range of areas, including water infrastructure, construction, road and bridge projects, oil and gas, chemicals, agriculture and rural electrification.
Disclaimer: Investments in IPOs are subject to market risks. Investors should read the red herring prospectus carefully and consult a financial adviser before making investment decisions.
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