Jindal Supreme (India) has filed a draft red herring prospectus (DRHP) with the SEBI to raise funds via IPO of 1.34 crore shares for debt reduction.
Dec 10, 2025
Haryana-based steel tube and pipe manufacturer Jindal Supreme (India) has filed draft red herring prospectus (DRHP) with the SEBI to raise funds. The company will raise money via initial public offering (IPO) of 1.34 crore shares for debt reduction.
The company proposed to issue over 1.07 crore fresh shares, and promoter VVJ Enterprise will be selling 26.86 lakh shares via offer-for-sale. The OFCS is 100 percent owned by promoters.
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Jindal Supreme will utilise INR 79 crore of fresh issue proceeds for repayment of certain outstanding borrowings, and the remainder funds for general corporate purposes. As of June 2025, the company had total borrowings of over INR 90 crore on a consolidated basis.
