Jindal Supreme (India)
Jindal Supreme (India) is an integrated steel manufacturer of pipes, tubes and allied infrastructure products with over five decades of experience, serving infrastructure and industrial applications through a single manufacturing facility in Hisar, Haryana.
“Jindal Supreme (India): momentum beats fundamentals — a trader's IPO, not an investor's.”
- ▸Decent demand 4.81x
- ▸GMP +29% supports listing pop
- ▸Revenue shrinking — avoid for long term
- ▸Profit not converting to cash — biggest red flag
- ▸3 forensic red flags in DRHP footnotes
- ▸79.99% fresh capital funds growth
- ⚠ Geographic concentration risk due to relying on a single manufacturing facility in Haryana.
- ⚠ Heavy reliance on the top 10 suppliers for over 70% of total raw material purchases.
- ⚠ Profit margins are highly vulnerable
Educational only. Not investment advice. GMP is unofficial chatter, never a promise.
Demand — who is actually bidding?
Live from NSE's official bid feed. QIB is smart money — if QIB sleeps past Day 2, listing pop usually dies.
Unofficial chatter, tracked daily — direction signal, never a promise.
Issue structure — where does money go?
- ▸13,428,000 shares (1.34 crore)
- ▸Issue Size ₹124.88 Cr
- Promoter 100% → 0% after IPO
Deep financials — does profit become cash?
| FY | REVENUE | PAT | MARGIN | ROE | ROCE | D/E | CFO |
|---|---|---|---|---|---|---|---|
| FY24 | ₹650.88 Cr | ₹12.87 Cr | 2.0% | — | — | — | ₹0 Cr |
| FY26 | ₹675.94 Cr | ₹22.53 Cr | 3.3% | — | — | — | ₹0 Cr |
| FY25 | ₹604.74 Cr | ₹24.27 Cr | 4.0% | — | — | — | ₹0 Cr |
Valuation vs listed peers
Peer set is being compiled from analyst coverage — typically lands a day after the price band. Check back or tap Re-run AI above.
Risk dossier
- 01Geographic concentration risk due to relying on a single manufacturing facility in Haryana.
- 02Heavy reliance on the top 10 suppliers for over 70% of total raw material purchases.
- 03Profit margins are highly vulnerable
Street tape
Documents & filings
Primary sources — the same PDFs our dossier numbers come from.
Questions investors ask about Jindal Supreme (India)
Should I apply for the Jindal Supreme (India) IPO for listing gains?
Only if Day-2 QIB crosses 5x — otherwise the listing setup is weak.
Is Jindal Supreme (India) good for the long term?
Not yet — wait for cheaper re-entry or cleaner quarters.
What is the Jindal Supreme (India) IPO price band and lot size?
₹88–₹93, lot of 161 shares (min ₹14,973). Open 16 Sept 2026 to 18 Sept 2026.
How do I check Jindal Supreme (India) IPO allotment status?
On the Bigshare Services Pvt Ltd portal: select Jindal Supreme (India), enter PAN, application number, or DP/Client ID, solve the captcha. Results go live 6–10 PM on allotment evening (issue closed 18 Sept 2026). BSE's application-status page works as fallback.
When is the Jindal Supreme (India) listing date?
Tentatively 23 Sept 2026 (T+3 after close).
Who should apply?
- • Listing trader → yes, momentum is real
- • Long-term holder → wait for cheaper re-entry
- • First-time investor → learn by watching, not betting
Listing-day playbook
- • Opens +40%↑ → book half, keep rest at cost stop
- • Opens flat ±5% → hold only if long-term score ≥7
- • Opens discount → never average down Day 1