Jindal Supreme (India) Ltd filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 9, 2025, to raise capital through an Initial Public Offer (IPO). The proposed IPO will be a book-built issue comprising 1.34 crore equity shares, to be listed on both NSE and BSE, subject to regulatory approvals.
IPO Structure and Key Details
| Component | Number of Shares | Description |
| Fresh Issue | Up to 1.07 crore | New shares issued by the company to raise capital |
| Offer for Sale (OFS) | Up to 0.27 crore | Shares offered by existing shareholders |
| Total | 1.34 crore | Combined fresh issue and OFS |
Bigshare Services Pvt. Ltd. has been appointed as the registrar for the IPO. The book running lead manager is yet to be announced. Details regarding IPO dates, price band, and lot size will be disclosed in the final prospectus.
Company Overview
Incorporated in 1974, Jindal Supreme (India) Ltd manufactures and supplies a wide range of steel pipes, tubes, and related products, including MS black pipes, galvanized pipes, metal beam crash barriers, and GI tubular poles. Its products serve sectors such as water supply, infrastructure, roads, highways, bridges, oil & gas, chemicals, agriculture, and rural electrification.
Dealer Network and Revenue Streams
| Period Ended | Number of Dealers |
| June 2025 | 51 |
| Fiscal 2025 | 49 |
| Fiscal 2024 | 34 |
| Fiscal 2023 | 30 |
Revenue is primarily generated from sales of MS steel black pipes, galvanized pipes, metal beam crash barriers, and GI poles, along with other operating income. The company’s growing dealer network underlines its expanding market presence and distribution capabilities across multiple industrial and infrastructure segments.
Summary:
Jindal Supreme (India) Ltd has filed its DRHP with SEBI for a 1.34 crore share IPO, comprising a 1.07 crore fresh issue and 0.27 crore OFS. The company, a longstanding player in steel pipes and related products, continues to expand its dealer network and market reach across infrastructure and industrial sectors.
Disclaimer:
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