Jindal Supreme (India) IPO
MainboardJindal Supreme (India) Limited is engaged in the manufacturing and distribution of stainless steel pipes, tubes, and allied metal products catering to various industrial sectors.
Verdict: Neutral
Est. GMP
+₹11 (+12%)
Price range
₹93
Lot size
—
Issue size
—
Allotment
21 Sept
Listing
23 Sept
Review
1. Grey market premium
★★★★★The grey market premium stands at approximately 11.8%, indicating modest listing gain potential in current market conditions.
2. Company financials
★★★★★The company operates on thin operating margins characteristic of the metal fabrication and processing industry.
3. Subscription status
★★★★★The issue has not opened for public bidding yet, leaving institutional and retail demand untested.
4. Anchor investors
★★★★★Anchor allocation details have not been finalized or disclosed.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | EBITDA | PAT | Assets |
|---|---|---|---|---|---|
| FY22 | — | — | — | — | — |
| FY23 | — | — | — | — | — |
| FY24 | — | — | — | — | — |
Subscription
Anchor investors
Anchor book details pending.
Anchor placement data is not yet available.
Risks
- CyclicalVulnerable to fluctuations in global steel and raw material prices, impacting operating margins.
- FinancialBusiness operations require substantial working capital for inventory and receivables management.
- ValuationMuted GMP offers a limited cushion against post-listing market corrections.
- ConcentrationSignificant reliance on industrial capital expenditure cycles across select domestic sectors.