KYC segment profiled Jindal Supreme, a recently listed steel pipe manufacturer trading well above its IPO price

Fri 9 Oct 2026

Listing date

23rd September 2026

Listing premium

26 percent

Listing price

118 rupees

IPO issue price

93 rupees

Current trading price

167 rupees

Heard on business television between 11:31:09 - 11:34:09 IST.

• Listed on 23rd September 2026 at a 26% premium, debuting at 118 rupees versus issue price of 93 rupees.
• Stock currently trading near 167 rupees, well above issue price.
• Company commenced operations in 1974, makes mild steel and galvanized pipes; roughly 70% of revenue comes from the pipes business, with direct institutional sales at 68% and dealer channel at 31%.
• Installed capacity is 171,000 tons with 61% utilization; FY26 sales were just above 100,000 tons.
• Revenue mix: pipe sales in black segment 45%, galvanized 26%, metal beam crash barriers 17%, tubular poles 4%.
• Segment questioned whether post-listing gains already capture future potential and how it differs from other listed steel pipe players.

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