The Jindal Supreme IPO has set a new record for subscription rates, attracting overwhelming interest from investors across all categories including Qualified Institutional Buyers, Non-Institutional Investors, and Retail Individual Investors. This strong demand for the ₹125 crore offering, which focuses on the manufacturing of steel pipes and tubes for essential industrial and infrastructure needs, indicates a positive market reception.

The Jindal Supreme IPO has set a new record for subscription rates, attracting overwhelming interest from investors across all categories including Qualified Institutional Buyers, Non-Institutional Investors, and Retail Individual Investors. This strong demand for the ₹125 crore offering, which focuses on the manufacturing of steel pipes and tubes for essential industrial and infrastructure needs, indicates a positive market reception.

The Jindal Supreme IPO has set a new record for subscription rates, attracting overwhelming interest from investors across all categories including Qualified Institutional Buyers, Non-Institutional Investors, and Retail Individual Investors. This strong demand for the ₹125 crore offering, which focuses on the manufacturing of steel pipes and tubes for essential industrial and infrastructure needs, indicates a positive market reception.

Among the list of blockbuster initial public offerings this week, Jindal Supreme IPO tops the record with the highest subscription rates. The company's ₹125 crore IPO was open to public bidding from September 16.

Jindal Supreme Limited is involved in the manufacture and supply of steel pipes, tubes and related products for infrastructure and industrial applications. The company commenced its operations in 1974 and has its manufacturing facility located in Hisar, Haryana.

Jindal Supreme IPO subscription details:

At the time of filing the report, the official website of the National Stock Exchange (NSE) recorded a total subscription of 181.07 times, with Qualified Institutional Buyers(QIBs) subscribing 126.41 times, and Non-Institutional Investors bidding 327.99 times and Retail Individual Investors(RIIs) bidding 149.34 times.

Latest GMP details:

As per various reports and analysts, the latest grey market premium (GMP) of Jindal Supreme IPO is between ₹30-₹35, hinting at a potential listing premium of 32-38 per cent. However, it needs to be noted that GMP is an unofficial market indicator and prices may change before listing.

IPO details:

With an issue size of ₹125 crore, the initial public offering for Jindal Supreme was open from September 16 to 18, 2026. The lot size is 161 shares and the minimum investment for a lot was ₹14,168. The company has set the price band between ₹88-₹93.

IPO allotment details:

Investors who have applied for the Jindal Supreme IPO will be informed about the allotment of the shares on September 21. Those who have not been allotted the shares will receive a refund of their investment in due course. The shares are proposed to be listed on both NSE and BSE. 

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