Jindal Supreme IPO allotment likely today: GMP signals 31% listing gain. Here’s how to check status

Investors in the Jindal Supreme IPO could receive the much-awaited allotment update today. After the issue was subscribed a staggering 181.07 times, investors are now awaiting the basis of allotment and looking ahead to the company’s stock-market debut.

The Rs 124.88 crore Jindal Supreme IPO is expected to finalise its allotment today, allowing investors to check online whether they have been allotted shares. The company’s shares are scheduled to make their debut on both the BSE and NSE on September 23, 2026.

Adding to investor interest, the IPO’s grey market premium (GMP) is currently around 31%, pointing to expectations of a potentially strong listing gain.


The IPO, which opened on September 16, 2026, and closed on September 18, 2026, was subscribed 181.07 times overall. Retail investors subscribed 149.34 times, non-institutional investors (NIIs) 327.99 times, and qualified institutional buyers (QIBs) 126.41 times.

The Rs 124.88 crore Jindal Supreme IPO comprises a fresh issue of 1.07 crore shares worth Rs 99.89 crore and an offer for sale (OFS) of 26.87 lakh shares aggregating to Rs 24.99 crore. Jindal Supreme has fixed the IPO price band at Rs 88–Rs 93 per share. The lot size is 161 shares, meaning retail investors need to invest a minimum of Rs 14,973 when applying at the upper end of the price band.

Sarthi Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar.

Investors can verify their allotment through either of the following platforms:

1. Registrar’s Website - Bigshare Services

Visit the Jindal Supreme Allotment page (https://ipo.bigshareonline.com/ipo_status.html)

Select Skyways Air from the drop-down menu.

Enter your PAN, application number, or DP/Client ID to view allotment details.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

Go to the NSE IPO Allotment page

Select Equity

Choose Jindal Supreme

Enter your application number and PAN.

3. BSE Website ( https://www.bseindia.com/investors/appli_check)

Select Equity under issue type.

Select Jindal Supreme from the dropdown.

Enter your application number OR PAN number.

Then fill the captcha and click Search to view allotment.

Jindal Supreme IPO GMP today

The Jindal Supreme IPO GMP (Grey Market Premium) currently stands at Rs 29 per share, or around 31%, based on the upper end of the IPO price band of Rs 93 per share. At the prevailing GMP, the estimated listing price of Jindal Supreme shares works out to approximately Rs 122 per share.

The Grey Market Premium (GMP) is an unofficial market indicator and is neither regulated nor guaranteed. GMP levels can fluctuate significantly before listing, and the actual listing price may differ from the estimated price based on grey market trends.

Objects of the issue

The company proposes to utilise the Rs 71 crore net IPO proceeds primarily towards the repayment or pre-payment of certain outstanding borrowings, either in full or in part. The remaining amount, if any, will be used for general corporate purposes.

Financial performance

Jindal Supreme (India) total income increased by 12% from Rs 605 crore in FY25 to Rs 676 crore in FY26. Despite the growth in revenue, profit after tax (PAT) declined by 7% from Rs 24 crore in FY25 to Rs 23 crore in FY26.

About Jindal Supreme (India) Ltd.

Jindal Supreme (India) Limited is a steel products manufacturer with over five decades of experience. The Company manufactures MS black pipes and tubes, galvanised pipes, metal crash barriers and GI tubular poles for infrastructure and industrial applications. Its products are used across water supply and plumbing, construction, roads and highways, bridges, oil & gas, agriculture and rural electrification. The Company expanded into W-beam and Three-beam crash barriers in FY2025 and GI tubular poles in FY2026.

The Company operates primarily through a B2B model, serving institutional and industrial customers, infrastructure contractors and dealers. Its manufacturing facility is located in Hisar, Haryana, with in-house mills, welding and galvanising plants, maintenance and testing facilities. As of June 30, 2026, the Company had 53 dealers and 242 employees, with a strong dealer presence across northern India.

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