Jindal Supreme IPO
Jindal Supreme (India) LtdMainboard
This IPO has listed.
- Open date
- 16 Sep 2026
- Close date
- 18 Sep 2026
- Min. Investment
- ₹14,973
- Lot Size
- -
- Fresh Issue
- ₹99.89 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers126.41x
- Non-Institutional Investors327.99x
- Retail-Individual Investors149.34x
- Total181.07x
Schedule
- Completed: IPO open date16 Sep 2026
- Completed: IPO close date18 Sep 2026
- Completed: Allotment date21 Sep 2026
- Completed: Funds unblock or debit22 Sep 2026
- Completed: Tentative listing date23 Sep 2026
About
Promoter shareholding in Jindal Supreme (India) Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Abhishek Jindal | 3,26,15,661 | 80.97% | 3,26,15,661 | 63.92% |
| Sonam Jindal | 4,28,400 | 1.06% | 4,28,400 | 0.84% |
| VVJ Enterprise Private Limited | 36,66,600 | 9.10% | 9,79,749 | 1.92% |
| Janak Raj Jindal & Sons HUF | 35,61,259 | 8.84% | 35,61,259 | 6.98% |
| Abhishek Jindal HUF | 10,500 | 0.03% | 10,500 | 0.02% |
| Janak Raj Jindal | 100 | 0.00% | 100 | 0.00% |
| Jayshree Jindal | 100 | 0.00% | 100 | 0.00% |
Jindal Supreme IPO Strengths & Risks
- Founder led Company supported by experienced and professional leadership team i.e Abhishek Jindal, Promoter and Managing Director.
- Selling and Distribution network of having dealers 53, 53, 49 and 34 dealers for the period ended June 30, 2026, Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively.
- Experienced Promoter and Management Team with an Employee Base of 242 employees as on June 30, 2026.
- Risks Relating to the Business: Operations at the company's Manufacturing Facility are concentrated at a single location in Hisar, Haryana, and its business is dependent on this facility; any disruption, breakdown, shutdown or adverse local or regional developments could materially and adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The Company requires significant amount of working capital for a continuing growth. Its inability to meet the company's working capital requirements may adversely affect its results of operations.
- Risks Relating to the Business: The company's top 10 suppliers contribute 72.31%, 76.23%, 70.92% and 75.73%, of its purchase during the period ended June 30, 2026 and for Fiscal 2026, Fiscal 2025 and Fiscal 2024. Any delay in or shortage from one or more of them may adversely affect the company operations.
- Risks Relating to the Business: The company's production costs are vulnerable to fluctuations in the prices of raw materials, especially Mild Steel Coils, MS Hot-Rolled Coil, and Galvanizing Materials. Price volatility in these key raw materials can significantly affect its production expenses and overall financial results.
- Risks Relating to the Business: The company's revenue from operations depends on sale of Black Pipes and Galvanized Pipes. Any changes in the demand or a decline in the demand of the said product, or delays in the placement of orders, may affect its ability to grow or maintain the company's sales, earnings, and cash flow.
- Risks Relating to the Business: The company derives a significant portion of its revenue from operations from the company's key customers and its top 10 customers contributed to 24.09%, 20.32%, 15.96% and 15.90%, of the company's revenue from operations during period ended June 30, 2026 and in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Any decrease in revenue from operations from any of its key customers or any loss of these customers may adversely affect the company's business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: In the past the Company had negative cash flows from its operating activities, investing activities as well as financing activities, further, the company may experience negative cash flows in the future.
- Risks Relating to the Business: The company has had instance of delays in payments of statutory dues by the Company. Any delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have an adverse impact on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company derived 24.19 % of its revenue for the period June 30, 2026 and 28.55%, 30.60% and 29.44% of the company's revenue from operation from Haryana for the Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively. Any adverse developments, social and political developments and natural disaster affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- Risks Relating to the Business: The company's Promoters have not created any pledge or encumbrance over their equity shareholding in the Company, however, any future pledge or encumbrance may adversely affect control, investor confidence and the market price of its Equity Shares.
- Risks Relating to the Business: The company has entered into related party transactions in the past and may continue to do so in the future, which may potentially involve conflicts of interest with other shareholders.
- Risks Relating to the Business: The company does not own the land on which its Manufacturing plant is located and has been obtained by the company on a leave and license basis. If the lease is terminated or not renewed on terms acceptable to the company, it could adversely affect its business, results of operations and cash flows.
- Risks Relating to the Business: Diversification into New Product Segments with Limited Operating History, and uncertainty pertaining to acceptance in the Market of these new products may lead to potential loss of capital and other resources.
- Risks Relating to the Business: Errors in the company's Certificate of Incorporation may adversely affect its regulatory standing and business operations.
- Risks Relating to the Business: There has been an instance of non-compliance with respect to renewal of trade license with the local municipal corporation under Section 330 of the Haryana Municipal Corporation Act, 1994 in the past, which may be subject to regulatory actions and penalties.
- Risks Relating to the Business: "The use of the word "Jindal" in the Company's name and the association of its Promoters with the larger Jindal family may create an impression that the Company is associated with or forms part of other companies using the "Jindal" name, including listed entities. Any adverse developments relating to such entities may adversely affect the perception of the Company and its business, financial condition, results of operations and the market price of the company's Equity Shares."
- Risks Relating to the Business: The Company's revenue in Fiscal Year 2025 was lower compared to Fiscal Year 2024. This decline indicates challenges in its business environment or operations, and if the trends continues, it could negatively impact the company's financial performance and growth potential.
- Risks Relating to the Business: The company is highly dependent on its Promoters, the company's Key Managerial Personnel and its Senior Management. The company's inability to attract and retain or recruit skilled and qualified personnel, including its Promoters, Key Managerial Personnel and Senior Management and any inability on its part to do so, could adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: There are outstanding legal proceedings involving the Company, Promoters and Senior Management.
- Risks Relating to the Business: The company's Promoters and members of the Promoter Group will continue to exercise significant influence and control over the Company after completion of the Issue.
- Risks Relating to the Business: The company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact its business, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: The company is subject to strict quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect the company's reputation, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: A part of the Net Proceeds will be utilized for the repayment or prepayment of indebtedness availed of by the Company. Accordingly, the utilization of the Net Proceeds will not result in creation of any tangible assets.
- Risks Relating to the Business: The company relies on its distribution network to sell the company's products to customers, and any failures to effectively manage its dealers could negatively impact the company's business, financial condition and operating results.
- Risks Relating to the Business: The Objects of the Offer for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of the company's Net Proceeds as disclosed in this Red Herring Prospectus would be subject to certain compliance requirements, including prior Shareholders approval.
- Risks Relating to the Business: The company is exposed to losses due to fraud, employee negligence, theft or similar incidents, which may have an adverse impact on its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect it against all potential losses, which may have a material adverse effect on the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company's agreements with financial institutions for both short-term and long-term borrowings include restrictive covenants that limit certain activities. If the company is unable to obtain the necessary approvals from these institutions, it may restrict the company's business operations and hinder its growth plans.
- Risks Relating to the Business: The company has availed unsecured loans that may be recalled at any time.
- Risks Relating to the Business: The Company does not own the domain name used for its website, which is registered in the name of the company's Promoter, Abhishek Jindal. Any inability to continue using this domain name may adversely affect its business, brand visibility and operations.
- Risks Relating to the Business: Certain of the company's fixed assets and other properties have been mortgaged/charged to secure its borrowings, and enforcement of such security may adversely affect the company's business, operations and financial condition.
- Risks Relating to the Business: Requirement of certain approvals, licenses, registrations and permits to operates the company's business, and failures to obtain or renew them in a timely manner or maintain these statutory and regulatory requirements on time may negatively impact its operations and financial condition.
- Risks Relating to the Business: The company may not be able to adequately protect or continue to use its intellectual property.
- Risks Relating to the Business: The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.
- Risks Relating to the Business: Its Promoters & Directors are interested in the Company in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: The Company's ability to pay dividends in the future will depends on a number of factors, including but not limited to the Company's earnings, capital requirements, contractual obligations, applicable legal restrictions and overall financial position.
- Risks Relating to the Business: The company's encounter numerous threats and weakness that can impact its operations and profitability in the industry the company operates.
- Risks Relating to the Business: The company's manufacturing operations involves exposure to extreme heat and fire, requiring workers to operates under potentially hazardous conditions. In the event of an accident or mishap, the Company could be held liable for compensation, damages, or penalties, which may adversely affect financials of the Company.
- Risks Relating to the Business: Steel products manufacturing is a labor-intensive industry, hence the company may faces labor disruptions and other planned and unplanned outrages that could interfere or temporarily disrupt its operations.
- Risks Relating to the Business: Dependency on the steel industry and a decrease in demand & steel prices.
- Risks Relating to the Business: The shortage or non-availability of power may adversely affect the company's business, result of operations, financial conditions and cash flows.
- Risks Relating to the Business: The company's manufacturing operations are heavily reliant on the smooth functioning of its furnaces, machinery, and equipment and any damage, breakdown, or malfunction of these critical components could disrupt the company operations, affecting production volumes, product quality, timely supply, operational continuity, and overall profitability.
- Risks Relating to the Business: The company operations must comply with environmental and worker safety laws, which can sometimes disrupt its business. Failing to follow these regulations or dealing with related incidents could lead to significant costs or penalties, affecting the company's business, finances, and operations.
- Risks Relating to the Business: The company has used information from the Infomerics Research Report which its commissioned from Infomerics Analytics and Research Private Limited for industry related data in this Red Herring Prospectus and any reliance on such information is subject to inherent risks.
