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Track Jindal Supreme (India) IPO journey, including its DRHP filing, issue structure, business overview, financial performance, and key regulatory milestones.
Jindal Supreme (India) Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking the formal initiation of its initial public offering process. The filing outlines the proposed issue structure, business operations, financial disclosures, and intended use of proceeds, subject to regulatory review and approvals. All information presented below is based on publicly available disclosures and reported data as of the DRHP stage.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Jindal Supreme (India) Limited filed its DRHP with SEBI on 9 December 2025. The document provides details on the proposed public issue, including the number of equity shares offered, the mix of fresh issue and offer for sale, key risk factors, and corporate governance disclosures. The price band, lot size, and final issue dates are expected to be announced in the Red Herring Prospectus following SEBI’s observations.
As per the DRHP, the proposed IPO is expected to comprise the following components:
| Particulars | Details |
|---|---|
Total Issue Size |
1.34 crore equity shares |
Fresh Issue |
1.07 crore equity shares (79.85%) |
Offer for Sale (OFS) |
0.27 crore equity shares / 26.86 lakh shares (20.15%) |
Face Value |
₹10 per equity share |
Listing Venue |
NSE and BSE |
Book Running Lead Manager |
Sarthi Capital Advisors Private Limited |
Registrar to the Issue |
Bigshare Services Pvt. Ltd. |
Post-Offer Paid-up Capital |
₹51.02 crore |
Post-IPO Promoter Shareholding |
73.68% |
Public Shareholding (Post-Offer) |
26.32% |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Incorporated in 1974, Jindal Supreme (India) Limited is a manufacturer and supplier of steel pipes, tubes, hollow sections, and related infrastructure products. The company operates an integrated manufacturing facility in Hisar, Haryana, equipped with ERW tube mills, galvanising lines, HR coil slitting facilities, and an in-house quality testing laboratory. Its products cater to sectors such as water supply, infrastructure, agriculture, oil and gas, and construction, with distribution across multiple Indian states.
According to the DRHP, the company proposes to utilise the fresh issue proceeds primarily for:
Repayment or pre-payment of borrowings amounting to approximately ₹79 crore
General corporate purposes
As of June 2025, the company reported total borrowings of ₹90.23 crore, and the proposed debt reduction is expected to materially impact its leverage position, subject to final utilisation.
The financial information below is summarised from disclosures in the DRHP and reported periods.
| Financial Metric | Period | Value |
|---|---|---|
EBITDA Margin |
H1 FY26 |
6.44% |
Return on Equity (ROE) |
FY25 |
32.52% |
Return on Net Worth (RoNW) |
FY25 |
38.85% |
Return on Capital Employed (ROCE) |
FY25 |
13.98% |
Debt-to-Equity Ratio |
FY25 |
1.28 |
The company reported margin improvement in H1 FY26, alongside leverage levels that the proposed IPO proceeds aim to address.
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Status / Date | Details |
|---|---|---|
Confidential DRHP |
Not announced |
Company may have filed a confidential draft earlier |
DRHP filed with SEBI |
9 December 2025 |
Filing submitted for regulatory review |
SEBI observations |
Awaited |
Subject to SEBI review |
Price band & lot size |
To be announced |
To be disclosed in RHP |
IPO Opening Date |
To be announced |
Post-SEBI approval |
IPO Closing Date |
To be announced |
As per final prospectus |
Allotment |
Awaited |
Post issue closure |
Listing on NSE & BSE |
Awaited |
Subject to completion of formalities |
Note: Investors may refer to official filings for final IPO dates to learn more about Jindal Supreme India Limited IPO listing details and price, and listing timelines.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Jindal Supreme (India) Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on December 9, 2025, formally initiating its IPO process and submitting detailed disclosures on financials, operations, risks, and proposed issue structure for regulatory review.
The proposed IPO consists of a total of 1.34 crore equity shares, including a fresh issue of 1.07 crore shares and an offer for sale of 0.27 crore shares, with the final issue value dependent on the announced price band.
The IPO includes a fresh issue of 1.07 crore equity shares, representing capital raised by the company, and an offer for sale of 0.27 crore shares by promoter group entity VVJ Enterprise Private Limited, enabling partial promoter exit.
Each equity share of Jindal Supreme (India) Limited carries a face value of ₹10, with the final issue price and price band to be determined later in consultation with merchant bankers based on market conditions.
The company plans to utilise ₹79 crore from fresh issue proceeds to repay or prepay borrowings, with the remaining funds allocated for general corporate purposes, including working capital needs and other business requirements.
Sarthi Capital Advisors Private Limited has been appointed as the Book Running Lead Manager for the IPO, while Bigshare Services Private Limited will act as the registrar, overseeing bidding, allotment, and post-issue processes.
The equity shares of Jindal Supreme (India) Limited are proposed to be listed on both the National Stock Exchange and BSE, subject to regulatory approvals, enabling wider market access and improved trading liquidity.
After completion of the IPO, promoters are expected to hold approximately 73.68% of the company’s equity, while the public shareholding will account for around 26.32% of the post-offer paid-up capital.
The IPO marks the public market entry of a long-established steel pipes and tubes manufacturer, offering exposure to infrastructure-linked sectors such as water supply, roads, oil and gas, and agriculture amid ongoing domestic infrastructure expansion.
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