Jindal Supreme files IPO papers for debt reduction

• Jindal Supreme (India), a steel pipes and tubes manufacturer, has filed draft IPO papers with SEBI.
• The IPO aims to raise funds through 1.34 crore shares, comprising a fresh issue of 1.07 crore shares and an OFS of 26.86 lakh shares by promoter VVJ Enterprise.
• A significant portion of the fresh issue proceeds (Rs 79 crore) will be used for debt reduction, addressing total borrowings of Rs 90.23 crore as of June 2025.
• The company reported a profit of Rs 24.3 crore in FY25, an 88.5% increase, despite a 9.1% drop in revenue to Rs 586.4 crore.

Why It Matters: Jindal Supreme's IPO presents a new investment opportunity.