Jindal Supreme

The company's product portfolio includes Mild Steel (MS) black pipes and tubes, galvanized pipes, metal beam crash barriers, and Galvanized Iron (GI) tubular poles, manufactured to Indian Standards and used across water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture, and rural electrification. It has progressively diversified its portfolio, commencing W-beam and Thrie-beam metal crash barrier manufacturing in Fiscal 2025 for road safety and highway infrastructure, and expanding into GI tubular poles in Fiscal 2026 for street lighting and electrification projects.

The company follows a primarily B2B model, selling directly to institutional and industrial customers including infrastructure contractors, alongside a dealer network concentrated in northern India. Its manufacturing facility is located in Hisar, Haryana, equipped with mills, welding plants, galvanizing plants, an in-house maintenance workshop, and testing equipment. As of June 30, 2026, the company had 53 dealers and 242 employees.

Cited competitive strengths include strong dealer and customer relationships, a strategically located manufacturing facility, a track record of healthy financial performance, an experienced promoter and professional management team, a diversified and customizable product portfolio, and an established presence in steel pipes and tubes manufacturing.

The book-built IPO comprises 1.34 crore shares total, combining a fresh issue of 1.07 crore shares with an offer for sale of 26.87 lakh shares from promoter entity VVJ Enterprise Pvt.Ltd. The price band is not yet declared ("To be declared" on the source), so the ₹ Cr issue size, market cap, and valuation multiples (P/E, Price-to-Book) cannot be determined at this stage. Net proceeds from the fresh issue are earmarked for repayment/prepayment of borrowings (₹71.00 Cr), with the balance toward general corporate purposes.

FY26 RoNW stood at 26.28%, though PAT declined 7% year-on-year even as revenue grew 12% between FY25 and FY26 — worth noting given the otherwise strong return ratios. Debt/Equity stood at 1.24 as of FY26. Promoter shareholding was 100% pre-issue and falls to 73.68% post-issue due to the OFS component. Valuation metrics (P/E, Price-to-Book, Market Cap) will only be determinable once the price band is announced.