Jindal Supreme (India) Limited files Draft Red Herring Prospectus for an IPO comprising fresh issue of 1.07 crore shares and offer for sale of 26.87 lakh shares by promoter VVJ Enterprise.
The company manufactures steel pipes, tubes, crash barriers and GI poles with revenue growing from ₹50,612 lakhs (FY2023) to ₹58,640 lakhs (FY2025) and PAT increasing significantly.
IPO proceeds will be utilized for debt repayment (₹7,700 lakhs) and general corporate purposes, representing 26.32% dilution of post-offer paid-up capital.
Key risks include raw material price volatility, customer concentration, single manufacturing location dependency, and ongoing legal proceedings involving promoters.