Jindal Supreme launched its initial public offering (IPO) on September 16, 2026, with a total issue size of ₹124.88 crore. The IPO includes a fresh issue of 1.07 crore equity shares worth ₹99.89 crore and an offer for sale (OFS) of 26.87 lakh shares valued at ₹24.99 crore. The price band was fixed between ₹88 and ₹93 per share, signaling strong investor interest on the first day of bidding, according to livemint.com.
The IPO opened for subscription on September 16 and will remain open until September 18. Market participants noted a grey market premium (GMP) indicating potential listing gains of around 29% on the opening day. This reflects positive market sentiment towards Jindal Supreme’s public debut. The company’s pricing strategy and share allocation structure were designed to attract both retail and institutional investors, as detailed by livemint.com.
Jindal Supreme’s IPO comes amid a busy period for public listings in India, with several mid-sized companies tapping the capital markets to fund expansion and reduce debt. The ₹125 crore issue size places it among notable recent IPOs, though smaller than marquee listings this year. The 29% GMP suggests robust demand, which could set a benchmark for similar offerings in the sector. This performance aligns with trends seen in comparable IPOs that have attracted strong investor appetite, per livemint.com.
The IPO subscription window closes on September 18, after which the company will finalize allotments and list on stock exchanges. The strong GMP signals that Jindal Supreme’s shares could open significantly above the issue price, providing early gains to investors. The company’s listing will be closely watched as a barometer of market appetite for mid-cap IPOs in the current environment, according to livemint.com.