Jindal Supreme Refiles IPO Papers with SEBI

Mumbai | April 15, 2026

Jindal Supreme (India), a Haryana-based manufacturer of steel pipes and tubes, has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India, reviving its plans to raise funds through an initial public offering. The DRHP was submitted on April 13, 2026.

The company had originally filed preliminary papers with SEBI in December 2025, which were subsequently withdrawn in March 2026. The refiled documents carry no change in the number of shares being offered.

What Does the Jindal Supreme IPO Structure Look Like?

The public issue totals 1.34 crore equity shares. It comprises a fresh issue of 1.07 crore shares and an offer for sale of 26.86 lakh shares by promoter entity VVJ Enterprise.

Proceeds from the OFS will go directly to the selling shareholder and will not flow to the company.

Why Is Jindal Supreme Raising Money?

Debt reduction is the primary objective. The company proposes to deploy ₹77 crore of the fresh issue proceeds towards repayment of certain outstanding borrowings. The remainder will be directed towards general corporate purposes.

As of December 2025, Jindal Supreme carried total borrowings of ₹92.16 crore on a consolidated basis, inclusive of accrued interest. A successful IPO would allow the company to meaningfully reduce this debt load. Sarthi Capital Advisors has been appointed as the merchant banker for the issue.

About Jindal Supreme (India)

Incorporated in 1974 by the late Madan Lal Jindal, Jindal Supreme has over five decades of operating history in the steel products segment. The company is currently led by promoter Abhishek Jindal, grandson of the founder.

Its product portfolio includes mild steel black pipes, galvanized pipes, metal beam crash barriers and galvanized iron tubular poles. These products serve a broad set of industries including water supply and plumbing, infrastructure, road and highway construction, bridges, oil and gas, chemicals, and agriculture.

On the financial front, the company reported revenue of ₹489.65 crore and a profit of ₹16.3 crore for the nine months ended December 2025. For the full fiscal year 2025, profit nearly doubled to ₹24.26 crore from ₹12.87 crore in the previous year, though revenue fell 9.1% to ₹586.4 crore from ₹645.4 crore.

Is the Jindal Supreme IPO Open Yet?

The IPO is at the DRHP filing stage. SEBI review is pending and the issue date, price band, lot size, GMP and allotment details are not yet available.

Stay updated on the latest IPO filings and upcoming listings on the PL Capital upcoming IPOs page.