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Jindal Supreme (India) IPO Review

Jindal Supreme (India) IPO has been reviewed by 7 analysts, and the overall consensus is Apply — carrying a score of 68. Out of the 7 analysts who have covered this IPO, 4 recommend subscribing while 3 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹88-93 per share, with a minimum application size of 161 shares (minimum investment of approximately ₹14,973 at the upper band). Subscription ran from 16 Sep 2026 to 18 Sep 2026. The issue size is ₹125 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Jindal Supreme (India) IPO is quoting at ₹29 (31.18%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
68/ 100
Apply 4 of 7 recommend subscribing
How analysts voted
Apply 4
Neutral 1
Avoid 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Jindal Supreme (India), incorporated in 1974, makes MS black and galvanised steel pipes and tubes and is diversifying into metal beam crash barriers and GI tubular poles. Capacity rose from 24,000 to 42,000 MTPA by July 2026. FY26 income was ₹675.94 crore with profit of ₹22.53 crore. All three analysts covering it said subscribe.

Listing gains

The notes value the issue between about 14.3 times annualised June 2026 earnings and 21.1 times FY26 earnings, on a small market cap near ₹474 crore. Analysts call that reasonable against listed steel tube peers, and one recommends subscribing explicitly for listing gains as well as the long term.

Short-term strategy

FY26 profit of ₹22.53 crore was slightly below FY25's ₹24.27 crore, but the June 2026 quarter delivered ₹8.28 crore, a stronger run rate as new capacity came on stream. Fresh money repays borrowings. Input cost is the near-term swing factor, since MS coil prices move margins directly.

Long-term strategy

Analysts build the long-term case on steel pipe demand from infrastructure, urbanisation, water and energy projects, with the shift into value-added infrastructure products, extra galvanising capacity and a wider dealer network improving the mix. The standing risk is raw material: sharp rises in MS coil prices that cannot be passed on.

How this is written: an AI-assisted summary of the 7 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Jindal Supreme (India) IPO?

The analyst consensus for Jindal Supreme (India) IPO tracked on this page is Apply, with a score of 68/100. Out of 7 analysts who have reviewed this IPO, 4 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 68 mean for Jindal Supreme (India) IPO?

The score of 68 is an aggregate of all analyst ratings tracked for Jindal Supreme (India) IPO. A score in this range reflects mixed views — some analysts are positive while others are cautious. Read the individual analyst verdicts above for more context.

What was the actual listing price of Jindal Supreme (India) IPO?

Jindal Supreme (India) IPO listed on September 23, 2026 at ₹120, against the issue price of ₹93 — a gain of +29.03% (₹27 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Jindal Supreme (India) IPO?

Jindal Supreme (India) IPO was priced at ₹88-93 per share. The minimum lot size is 161 shares, making the minimum investment approximately ₹14,973 at the upper end of the price band. Subscription ran from 16 Sep 2026 to 18 Sep 2026.

Explore Jindal Supreme (India) IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Jindal Supreme (India) IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
68 / 100
Listed at
₹120
Full IPO details