In an exciting development, Jindal Supreme (India) Ltd. has taken a significant step towards its Initial Public Offering (IPO) by refiling its Draft Red Herring Prospectus (DRHP) on April 13, 2026 with the the Securities and Exchange Board of India (SEBI). Notably, this company had previously submitted its IPO documents to SEBI on December 9, 2025.
A Snapshot of the Company:
Incorporated in 1974, Jindal Supreme (India) Ltd is engaged in the manufacturing and supply of a wide range of steel pipes, tubes and related products used across infrastructure and industrial applications.
IPO Details and Strategic Objectives:
As per DRHP filled on Apr 13, 2026, the company is planning to offer a fresh issue of 1.07 crore equity shares and an offer for sale (OFS) of 0.27 crore equity shares.
Allocation strategy includes Not more than 50% of the Offer for Qualified Institutional Buyers (QIBs), Not less than 15% of the Offer for Non-Institutional Investors and Not less than 35% of the Offer for Retail Individual Biddersrespectively.
Jindal Supreme IPO Purpose
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings | 77.00 |
| 2 | General Corporate Purposes | |
| Total | 77.00 |
Financial Performance Highlights:
Jindal Supreme (India) Ltd.’s total income declined by 7% reached ₹604.74 crore in Mar 31, 2025, compared to ₹650.88 crore in Mar 31, 2024.
For the same period, profit after tax jumped 88% to ₹24.27 crore, compared to ₹12.87 crore.
For the latest period ended on Dec 31, 2025, its total income stood at ₹490.10 crore and PAT stood at ₹16.30 crore.
Key IPO Management Team:
Leading the charge, the Book-Running Lead Manager (BRLM) for the IPO is Sarthi Capital Advisors Pvt.Ltd., with Bigshare Services Pvt.Ltd. entrusted as the Issue Registrar.
