Jindal Supreme (India) filed its Draft Red Herring Prospectus (DRHP) with SEBI on December 9, 2025, to raise funds through an Initial Public Offer (IPO). The proposed IPO will be a Book Build Issue of 1.34 crore equity shares.
It includes a fresh issue of up to 1.07 crore shares and an offer for sale (OFS) of up to 0.27 crore shares by existing shareholders. The equity shares are planned to be listed on both NSE and BSE, subject to regulatory approvals.
The IPO will comprise 1.34 crore equity shares, split between a fresh issue and an OFS component. The fresh issue will involve up to 1.07 crore shares, while the OFS will account for up to 0.27 crore shares.
The book running lead manager has not yet been announced, and Bigshare Services Pvt. Ltd. will act as the registrar for the issue. Details such as IPO dates, price band and lot size are yet to be disclosed in the prospectus.
Incorporated in 1974, Jindal Supreme (India) Ltd manufactures and supplies a wide range of steel pipes, tubes and related products. Its product portfolio includes MS black pipes, galvanized pipes, metal beam crash barriers and GI tubular poles.
These products cater to sectors such as water supply, infrastructure, roads, highways, bridges, oil and gas, chemicals, agriculture and rural electrification. The company has established itself as a key player in the steel pipe and tube industry over several decades.
The company reported a dealer network of 51, 49, 34 and 30 dealers for the periods ended June 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. Revenue is primarily generated from the sale of MS steel black pipes, galvanized pipes, metal beam crash barriers and GI poles, along with other operating income.
This diversified product mix supports the company’s presence across multiple infrastructure and industrial segments. The steady expansion of its dealer network reflects its growing market reach and distribution capabilities.
Read More: India Leads Global IPO Activity in October.
The filing of the DRHP marks a significant step for Jindal Supreme (India) as it prepares for its public market debut. With a strong product portfolio and established dealer network, the company aims to leverage the IPO proceeds for growth and expansion.
Investors will await further details on pricing, timelines and allocation structure once SEBI reviews the prospectus. The proposed listing on NSE and BSE will enhance the company’s visibility and access to capital markets.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 11, 2025, 1:54 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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