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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment and Prepayment of Outstanding Debt
Prepayment or repayment, in whole or in part, of specified borrowing facilities secured by the company.
General Corporate Purposes
Supporting general corporate operational requirements and strategic business initiatives.
(₹ in Crore)
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Incorporated in March 1974, Jindal Supreme (India) Limited is an established domestic manufacturer and provider of structural steel tubes and piping solutions in India. The enterprise produces a comprehensive range of steel goods including mild steel (MS) black pipes, galvanized iron (GI) tubes, corrugated metal beam highway crash barriers, and tubular GI poles. These items serve crucial applications across municipal water infrastructure, residential plumbing, highway safety barriers, structural construction, agricultural irrigation networks, and rural power distribution projects. The organization operates an integrated industrial manufacturing facility situated at Hisar in Haryana, maintaining a cumulative installed production capacity of 1,71,000 MTPA. Its factory is equipped with advanced steel processing machinery including automatic uncoilers, high-frequency electric resistance welding (ERW) tube mills, shear and end cutting units, coil storage accumulators, and automated hot-dip galvanizing lines. The business distributes its output via direct institutional sales to public sector entities and civil infrastructure contractors, complemented by a commercial distribution network comprising 53 authorized regional dealers primarily serving Northern Indian markets. As of June 30, 2025, the firm maintained a workforce of 231 full-time employees. Financial metrics reflect consistent revenue expansion, with total operational income rising from Rs 650.88 crore in FY24 to Rs 675.94 crore in FY26, alongside Q1 FY27 revenue reaching Rs 191.09 crore. Net profits recorded Rs 22.53 crore during FY26 and Rs 8.28 crore for the initial Q1 FY27 quarter. Net proceeds generated through the fresh capital issue are earmarked primarily for debt pre-payment and general corporate expansion requirements.
Jindal Supreme (India) Limited allocated 40,28,400 equity shares at Rs 93 per share to raise Rs 37.46 crore from five institutional anchor investors on September 15, 2026. Craft Emerging Market Fund PCC held the largest combined share across its sub-funds, with Minerva Emerging Opportunities Fund Limited and Ekamya Pragati Scheme - I also participating.
Source: RHP • Analysis provided for informational purposes
Last Updated: 22 September 2026, 3:00 PM
Integrated Industrial Manufacturing Infrastructure
Operates an integrated production complex in Hisar, Haryana with an annual installed capacity of 1,71,000 MTPA featuring advanced ERW pipe mills and automated galvanizing units.
Diverse Industrial Product Catalog
Manufactures a versatile range of black pipes, GI tubes, road crash barriers, and tubular poles serving municipal water supply, transportation highways, and structural engineering sectors.
Established Commercial Distribution Channels
Combines direct institutional contracts with government and infrastructure clients alongside an active regional network of 53 authorized dealers across Northern India.
Experienced Industry Leadership
Guided by key promoters and executives with nearly two decades of domain experience in steel tube fabrication, operational strategy, and commercial client development.
Centralized Manufacturing Location Risk
Production operations are concentrated at a single manufacturing complex in Hisar, Haryana, making business operations susceptible to regional supply chain or facility disruptions.
Supplier Concentration in Key Inputs
Relies heavily on its top 10 raw material suppliers, who supply over 70 percent of total steel coil and zinc requirements.
Raw Material Cost Volatility
Fluctuations in global and domestic market prices for hot rolled coils and zinc could squeeze operating profit margins and increase working capital needs.
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Dependence on Core Pipe Product Segments
A major portion of overall revenue is generated from MS black and galvanized steel pipes, exposing earnings to demand fluctuations in underlying construction and infrastructure markets.