Jindal Supreme (India) IPO

About Jindal Supreme (India) IPO

The IPO of Jindal Supreme (India) comprises a fresh issue and an offer for sale. The fresh issue aggregates up to 1,07,41,149 equity shares while the offer for sale aggregates up to 26,86,851 equity shares. The total offer size aggregates up to 1,34,28,000 equity shares. The price band is ₹[TBA] per share.

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 lot size of shares in the IPO is [TBA]. The minimum number of lots in the IPO for retail investors is [TBA]. The minimum investment amount required by a retail investor is ₹[TBA] based on the upper price.

Jindal Supreme (India) is engaged in the manufacturing and supply of a different range of steel pipes, tubes and catering to the requirements of multiple infrastructure and industrial applications. Its products find application in various industry segments like, water supply and plumbing, infrastructure and construction, road & highways, bridges, oil & gas, chemicals, agriculture, rural electrification and others.

Objectives of Jindal Supreme (India) IPO

The company proposes to utilise the net proceeds received for:

• Repayment/pre-payment, in full or in part, of certain outstanding borrowings
• General corporate purposes

Industry Outlook

The global steel pipes and tubes market is estimated at USD 223,705.60 million in 2024 and is projected to reach USD 359,715.76 million by 2034, reflecting a CAGR of 4.86%. The market continues to exhibit resilience amid cyclical raw material fluctuations and changing energy dynamics. Growth is primarily supported by demand from sectors including construction, water management, power generation, oil and gas transmission, and renewable energy.

On the other hand, steel production in India has expanded steadily over the last decade. Crude steel output rose from 109.14 MT in FY20 to 144.30 MT in FY24, while finished steel production increased from 103.20 MT to 138.50 MT over the same period. Domestic consumption of finished steel stood at 136.29 MT in FY24, with a projected growth of 9–10% year-on-year, as per IBEF. Per-capita steel consumption rose to 97.7 kg in FY24, highlighting significant untapped potential relative to global benchmarks.

Jindal Supreme (India) Company Information

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

These products are manufactured in various dimensions, thus meeting a wide range of customer needs. Each of the products is manufactured as per the Indian standards, ensuring consistent quality, durability, and compliance with both domestic and international benchmarks.

Strengths of Jindal Supreme (India)

• Founder led company supported by experienced and professional leadership team
• Selling and distribution network
• Number of dealers and long-term relationship with them
• Experienced promoter and management team

Risks of Jindal Supreme (India)

• Operations at its manufacturing facility are based out of a single location in Hisar, Haryana which exposes its operations to risks arising from local and regional factors
• Any decrease in revenue from operations from any of the key customers or any loss of these customers may adversely affect business
• Any delay in or shortage of product supply from one or more suppliers may adversely affect operations
• Any changes in the demand or a decline in the demand of black and galvanised pipes or delays in the placement of orders may affect the company’s ability to grow
• History of negative cash flow in the past
• Delays in payment of statutory dues may attract financial penalties from the respective government authorities
• If the lease of the land in which the company’s manufacturing unit is located terminated or not renewed, it could adversely affect business
• Diversification into new product segments with little operating history
• Exposed to counterparty credit risk
• Subject to strict quality requirements and are consequently required to incur significant expenses to maintain product quality

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Bigshare Services
  
• Book Running Lead Manager: Sarthi Capital Advisors

Jindal Supreme (India) Business Model

Jindal Supreme (India)’s product portfolio includes mild steel (MS) black pipes, tubes, galvanised pipes, metal beam crash barriers, and galvanised iron (GI) tubular poles. Its business model is primarily focused on direct sale, primarily to institutional buyers for specific projects or applications like infrastructure contractors, and industrial customers. A significant share of revenue is facilitated through its direct sale to parties.

Jindal Supreme (India) Company Growth Trajectory

The revenue from operations of Jindal Supreme (India) has grown from ₹506.1200 crores in FY 23 to ₹ 586.3993 crores in FY 25. Its PAT margin has increased from 0.13% in FY 23 to 4.01% in FY 25, while EBITDA margin increased from 1.73% in FY 23 to 4.42% in FY 25. The founder-led company supported by an experienced and professional leadership team have helped in the company’s growth.

Jindal Supreme (India) Market Position

Revenue of the company is mostly concentrated in northern and a few western Indian states. The revenue from operations from top 10 Indian states collectively accounted for 96.27%, 97.46%, 97.61% and 95.34% of the revenue from operations for the period ended June 2025, fiscal 2025, fiscal 2024 and fiscal 2023 respectively.

How to Apply for Jindal Supreme (India) IPO?

To apply for Jindal Supreme (India) IPO:

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