Jindal Supreme (India) Limited
PROSPECTUS · filed 21 Sept 2026
Jindal Supreme (India) Limited is engaged in manufacturing operations from a single facility in Hisar, Haryana. The IPO consists of a fresh issue of Rs 99.89 crore and an offer for sale of Rs 24.98 crore, representing 20.01% of the post-issue paid-up capital. The company reported a revenue of Rs 190.94 crore and a profit of Rs 8.20 crore in the latest fiscal, though its revenue has declined at a CAGR of -33.37%. Key risks include a lack of formal disaster recovery or business continuity plans, heavy reliance on a single manufacturing facility, and significant working capital requirements.
What stands out
Shrinking revenue. Restated revenue CAGR of -33.4%.
Large related-party dealings. Related-party transactions are 100.0% of revenue.
Risk factor. The Company does not have a formal, documented disaster recovery or business continuity plan and has not obtained specific insurance coverage for business interruption.
Risk factor. The Company's manufacturing operations are carried out from a single facility in Hisar, Haryana, and the business is substantially dependent on this facility.
Risk factor. The Company requires significant working capital, and its inability to meet these requirements may adversely affect results of operations.
Primarily fresh capital. 80% of the offer is fresh issue, so most proceeds fund the company.
How the offer is structured
Fresh issue
₹99.9 Cr
New capital into the company
Offer for sale
₹25.0 Cr
Goes to selling shareholders
OFS share
20%
Debt repayment
₹71.0 Cr
From fresh proceeds
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company₹71.0 Cr
- General Corporate Purposes₹16.9 Cr
Restated financials
Revenue
₹191 Cr
Latest fiscal year
Profit after tax
₹8.2 Cr
Revenue CAGR
-33.4%
Return on equity
7.8%
Debt / equity
0.88
EBITDA margin
7.2%
P/E at upper band
16.64
Only in a priced RHP
PAT CAGR
-14.0%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2023 | ₹645 Cr | ₹12.9 Cr | ₹50.3 Cr | |
| 2024 | ₹586 Cr | ₹14.3 Cr | ₹74.6 Cr | |
| 2025 | ₹675 Cr | ₹22.5 Cr | ₹96.8 Cr | |
| 2026 | ₹191 Cr | ₹8.2 Cr | ₹105 Cr |
Promoters, litigation & related parties
Promoter (pre)
82.0%
Related-party
100.0%
Share of revenue
As on the date of this Prospectus, there are no criminal litigations filed against our Company. Except as stated in this section, as on the date of this Prospectus, there are no outstanding (i) criminal proceedings; (ii) actions taken by regulatory or statutory authorities; (iii) disciplinary action including penalty imposed by SEBI or stock exchanges against the promoters in the last five financial years including outstanding action; or (iv) claims related to direct and indirect taxes, in a consolidated manner, giving the number of cases and total amount (v) other pending litigations based on lower of threshold criteria as per the policy of materiality defined by the board of directors of the issuer and disclosed in the offer document or where the value or expected impact in terms of value, exceeds the threshold of materiality; in each case involving our Company, our Promoter or our Directors or Group Companies (vi) all criminal proceedings involving key managerial personnel and senior management of the issuer; (vii) actions by regulatory authorities and statutory authorities against such key managerial personnel and senior management of the issuer shall also be disclosed.
Risks the company discloses
The Company does not have a formal, documented disaster recovery or business continuity plan and has not obtained specific insurance coverage for business interruption.(Operational)
The Company's manufacturing operations are carried out from a single facility in Hisar, Haryana, and the business is substantially dependent on this facility.(Operational)
The Company requires significant working capital, and its inability to meet these requirements may adversely affect results of operations.(Financial)
The Company's top 10 suppliers contribute 70.92% to 76.23% of total purchases, and any delay or shortage from them may adversely affect operations.(Supply Chain)
The Company has not faced malfunction and/or break of machinery during the last three fiscals and stub period, but any significant malfunction may require substantial repair or replacement costs.(Operational)
The Company has not experienced any material adverse impact on operations due to regional, operational or facility-related risks in the last three fiscals and stub period, but there is no assurance similar events will not occur in the future.(Operational)
The Company has not obtained any specific insurance coverage for business interruption, and existing insurance policies may not adequately cover losses arising from prolonged operational disruptions.(Operational)
The Company has not obtained any specific insurance coverage for business interruption.(Operational)
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.