SS Retail IPO Price: ₹403 to ₹424 per share
IPO Dates: 16 to 18 Sept, 2026
Company Overview
Incorporated in March 1974, Jindal Supreme (India) Limited has been engaged in the manufacturing and supply of steel pipes, tubes and other steel products catering to infrastructure and industrial applications for over five decades.
Business Operations
The Company manufactures and supplies Mild Steel (MS) black pipes and tubes, galvanized pipes, metal beam crash barriers and Galvanized Iron (GI) tubular poles. These products are manufactured in various dimensions as per applicable Indian Standards and are used across water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification, among other applications.
The Company primarily follows a B2B business model, with direct sales to institutional and industrial customers, including infrastructure contractors, while also serving customers through its dealer network.
Product Portfolio
The Company’s product portfolio includes MS black pipes and tubes, galvanized pipes, metal beam crash barriers and GI tubular poles.
In Fiscal 2025, the Company commenced manufacturing W-beam and Thrie-beam metal crash barriers, primarily used for road safety and highway infrastructure projects. In Fiscal 2026, it further expanded into GI tubular poles, which are used for street lighting, electrification projects and other public utility infrastructure.
The Company has progressively diversified its product portfolio to address emerging infrastructure opportunities.
Manufacturing Facility
The Company’s manufacturing facility is located in Hisar, Haryana, and is equipped with mills, welding plants, galvanizing plants and other machinery, supported by an in-house maintenance workshop and testing equipment.
Dealer Network
The Company has developed a network of dealers, primarily across the northern states of India, and focuses on expanding its dealer base and increasing volumes from existing dealers.
As of June 30, 2026, the Company had 53 dealers.
Workforce
As of June 30, 2026, the Company had an employee base of 242 employees.
Competitive Strengths
- Strong dealer and customer relationships.
- Strategic location of manufacturing facility.
- Track record of healthy financial performance.
- Experienced promoter and professional management team.
- Diversified product portfolio with customisation capabilities.
- Established presence in steel pipes and tubes manufacturing.
Bidding Starts In
SS Retail Limited IPO Specifics:
| IPO Date | 16 to 18 Sep, 2026 |
| Listing Date | Wed, Sep 23, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹403 to ₹424 |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹25.00 |
| Total Issue Size | 1,18,10,182 shares (agg. up to ₹500 Cr) |
| Fresh Issue | 85,08,298 shares (agg. up to ₹360 Cr) |
| Offer for Sale | 33,01,884 shares of ₹10 (agg. up to ₹140 Cr) |
| Share Holding Pre Issue | 6,58,63,500 shares |
| Share Holding Post Issue | 7,43,71,798 shares |
SS Retail IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Sep 16, 2026 |
| IPO Close | Fri, Sep 18, 2026 |
| Allotment | Mon, Sep 21, 2026 |
| Refund | Tue, Sep 22, 2026 |
| Credit of Shares | Tue, Sep 22, 2026 |
| Listing | Wed, Sep 23, 2026 |
SS Retail Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 35 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,840 |
| Retail (Max) | 13 | 455 | ₹1,92,920 |
| S-HNI (Min) | 14 | 490 | ₹2,07,760 |
| S-HNI (Max) | 67 | 2345 | ₹9,94,280 |
| B-HNI (Min) | 68 | 2380 | ₹10,09,120 |
SS Retail Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Offer |
SS Retail Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 575.42 | 389.44 | 278.25 |
| Total Income | 2,352.85 | 1,599.96 | 1,208.04 |
| Profit After Tax | 59.28 | 39.86 | 26.65 |
| EBITDA | 125.15 | 80.44 | 56.50 |
| NET Worth | 225.71 | 141.37 | 101.51 |
| Reserves and Surplus | 159.59 | 128.18 | 88.52 |
| Total Borrowing | 162.59 | 125.36 | 110.43 |
Key Performance Indicator- SS Retail Limited IPO
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 30.60% |
| ROCE | 29.30% |
| Debt/Equity | 0.70 |
| RoNW | 32.60% |
| PAT Margin | 2.52% |
| EBITDA Margin | 5.32% |
| NAV | 34.33 |
| Price to Book Value | 12.35 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.00 | 7.97 |
| P/E (x) | 47.11 | 53.2 |
| Market Cap at Offer Price | ₹2,792.61 Cr. | ₹3,153.36 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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