Jindal Supreme (India) IPO

About Jindal Supreme (India) IPO

The Jindal Supreme (India) IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 1,07,41,149 shares aggregating up to ₹[TBA] crores. The offer for sale portion includes 26,86,851 shares of ₹10 aggregating up to ₹[TBA] crores. The total number of shares is 1,34,28,000 and the aggregate amount is yet to be finalised.

Jindal Supreme (India) IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (TBA shares) (based on upper price). The minimum lot size investment for HNI is TBA.

Jindal Supreme (India) is engaged in the manufacturing and supply of a different range of steel pipes, tubes, catering to the requirements of multiple infrastructure and industrial applications. Their product portfolio includes Mild Steel (MS) black pipes, tubes, galvanized pipes, metal beam crash barriers, and galvanized iron (GI) tubular poles.

Objectives of Jindal Supreme (India) IPO

• Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

In India, the steel pipe and tube industry has transitioned from being largely import-dependent to a robust domestic manufacturing ecosystem, supported by integrated steel producers and specialized pipe manufacturers, with growth driven by industrialization, government infrastructure initiatives, oil and gas pipeline expansion, and increasing urban water demand. Domestic steel consumption remains closely linked to GDP growth and infrastructure development, with demand supported by urbanization, metro rail projects, industrial corridors, and large-scale government initiatives, including Smart Cities and Dedicated Freight Corridors (DFC). Steel production in India has expanded steadily over the last decade.

The Indian steel pipes and tubes market is projected to reach approximately USD 21.63 billion by 2034, growing at a CAGR of approximately 5.2%. India ranks among the world’s largest producers and consumers of steel pipes and tubes. Government infrastructure projects continue to drive demand, particularly in urban water supply, energy, and industrial sectors.

About Jindal Supreme (India)

Jindal Supreme (India) is engaged in the manufacturing and supply of a different range of steel pipes and tubes catering to the requirements of multiple infrastructure and industrial applications. Their product portfolio includes Mild Steel (MS) black pipes, tubes, galvanized pipes, metal beam crash barriers, and galvanized iron (GI) tubular poles. These products are manufactured in various dimensions, thus meeting a wide range of customer needs. Each of their products is manufactured as per the Indian Standards, ensuring consistent quality, durability, and compliance with both domestic and international benchmarks. Their products find application in various industry segments like, Water Supply and Plumbing, Infrastructure & Construction, Road & Highways, Bridges, Oil & Gas, Chemicals, Agriculture, rural electrification and others.

In Fiscal 2025, they commenced the manufacturing of metal beam crash barriers with W-beam and Thrie-beam crash barriers, which are primarily utilized for road safety and highway infrastructure projects. Following this, in Fiscal 2026, they further diversified into the production of GI tubular poles, which are commonly used for street lighting, electrification projects, and other public utility infrastructure. Over the years, they have expanded their product offerings to tap into emerging opportunities in infrastructure development projects.

Strengths of Jindal Supreme (India)

• Led by qualified and experienced promoters and supported by a professional management team and strong corporate governance.
  
• Location of their manufacturing facility.
  
• Track record of healthy financial performance.
  
• Diversified product portfolio.
  
• Technological capabilities.
  
• Regulatory compliance expertise.
  
• Strategic distribution network.
  
• Strong brand recognition.
  

Risks of Jindal Supreme (India)

• Operations at their manufacturing facility are concentrated at a single location in Hisar, Haryana, and their business is dependent on this facility.
  
• They derive a significant portion of their revenue from operations from their key customers and top 10 customers.
  
• Any delay in or shortage from one or more of their top 10 suppliers may adversely affect their operations.
  
• Their production costs are vulnerable to fluctuations in the prices of raw materials, especially Mild Steel Coils, MS Hot-Rolled Coil, and Galvanizing Materials.
  
• Our revenue from operations depends on the sale of Black Pipes and Galvanized Pipes.
• They do not own the land on which their manufacturing plant is located and has been obtained by them on a leave and license basis.
  
• Diversification into new product segments with limited operating history, and uncertainty pertaining to acceptance in the market of these products.
  
• Their company requires a significant amount of working capital for continuing growth.
  
• There are outstanding legal proceedings involving their company, promoters and senior management.
  

Anchor Investor Bidding Date: TBA

Registrar: Bigshare Services Private Limited Book Running Lead Managers: Sarthi Capital Advisors Private Limited

Jindal Supreme (India) Business Model

The company earns its revenue through the manufacturing and supply of a different range of steel pipes, tubes and catering to the requirements of multiple infrastructure and industrial applications.

Jindal Supreme (India) Growth Trajectory

Jindal Supreme (India)’s Total Income for FY25 was ₹604.741 crores, whereas in FY24 and FY23 it was ₹650.877 crores and ₹506.574 crores, respectively.

The Profit After Tax for FY25 was ₹24.268 crores, whereas in FY24 and FY23 it was ₹12.873 crores and ₹ 0.635 crores, respectively.

Their EBITDA for FY25 was ₹25.922 crores, whereas in FY24 and FY23 it was ₹21.109 crores and ₹8.753 crores, respectively.

Jindal Supreme (India) Market Position

Over the years, Jindal Supreme (India) has built strong and long-term relationships with dealers of steel products, majority in Northern states of India.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹604.741 crores, ₹24.268 crores, and ₹25.922 crores, respectively.

How to apply for Jindal Supreme (India) IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.