MUMBAI, 15 September 2026 — Exchange issue records reviewed at 17:30 IST on 15 September 2026 list Jindal Supreme India for bidding at ₹88–₹93 per equity share per share during 16 September 2026 to 18 September 2026. This report focuses on the application arithmetic and the split between new capital and shareholder sales.
Jindal Supreme India IPO facts
| Issue status | Forthcoming on the exchange calendar at the check time |
|---|---|
| Platform | NSE and BSE — Mainboard |
| Bid dates | 16 September 2026 to 18 September 2026 |
| Price band | ₹88–₹93 per equity share |
| Face value | ₹10 per equity share |
| Bid lot | 161 shares |
| Minimum application | 161 shares; ₹14,973 at the top of the price band |
| Issue size | Up to 10,741,149 fresh shares plus an OFS of up to 2,686,851 shares |
| Issue structure | Fresh issue and offer for sale |
| Lead manager | Sarthi Capital Advisors Private Limited |
| Registrar | Bigshare Services Private Limited |
Jindal Supreme India business context
Jindal Supreme (India), formerly Janak Steel Tubes, has operated from Hisar and manufactures steel pipes, tubes and road-safety infrastructure products. The corporate history in its DRHP dates to 1974. A single-site footprint, steel-price movements, working capital and demand from construction or infrastructure customers are material operating considerations.
The offer mixes 10,741,149 fresh shares with up to 2,686,851 OFS shares. Because the final rupee amount depends on book building, readers should calculate dilution and proceeds from the discovered price rather than a placeholder total. The RHP should also be checked for insurance coverage, continuity planning and dependence on the Hisar facility.
Share count rather than a fixed headline
Jindal Supreme’s calendar entry separates 10,741,149 new shares from as many as 2,686,851 shares offered by holders. The eventual rupee proceeds depend on the discovered price, so a fixed fund-raise total should not be inferred before book building. New-share proceeds and OFS consideration must also be followed separately when assessing dilution and cash retained by the company.
Hisar production concentration
The filing describes steel pipe, tube and road-safety production at Hisar. A reviewer should connect installed capacity and utilisation with maintenance shutdowns, insurance, power availability and contingency arrangements at that location. If a single facility contributes most output, an interruption may affect deliveries even when end-market demand remains healthy.
Steel spread and cash conversion
Revenue can rise merely because steel becomes more expensive. Compare tonnes sold and the gap between material cost and selling price instead of reading top-line growth alone. Inventory holding periods, customer credit and supplier terms show how much cash expansion consumes. Road-infrastructure exposure should be checked for tender concentration, qualification requirements and collection timing.
Price and official records
The ₹88–₹93 per equity share range changes the 161-share application from ₹14,168 to ₹14,973. Confirm those figures and 16 September 2026 to 18 September 2026 in any later exchange corrigendum. Sarthi Capital Advisors Private Limited is the listed lead manager and Bigshare Services Private Limited is the formal registrar; neither secondary-market chatter nor CapKet’s arithmetic replaces the prospectus.
Reporting basis: CapKet independently transcribed the exchange terms and calculated the bid amounts. This issuer may change its offer through a formal notice, shares can list below the issue price, and allotment is not assured. This report excludes grey-market premiums and is news and education—not investment, legal or tax advice.