Jindal Supreme India IPO Subscription Status Day 1: Issue Subscribed 2.25x, Retail at 3.87x, Fully Booked in 30 Minutes
Add Preferred News Source
Jindal Supreme India IPO Subscription Status: The issue was subscribed 2.25x by 11:30 am on September 16, with retail demand reaching 3.87x and the NII portion standing at 1.48x, according to the latest bidding data.
Jindal Supreme India IPO Subscription Status: The public issue was subscribed 2.25 times by 11:30 am on September 16, with demand strongest among retail investors, according to the latest bidding data. The retail portion was subscribed 3.87 times, while the NII category reached 1.48 times subscription.
Investors had placed bids for 2.11 crore shares against 93.99 lakh shares on offer by 11:30 am. The issue, which opened for subscription on September 16, has a price band of Rs 88-93 per share and will close on September 18.
Ahead of the public issue, Jindal Supreme India raised Rs 37.46 crore from anchor investors on September 15 through the allotment of 40.28 lakh shares.
The company makes mild steel black pipes, tubes, galvanised pipes, metal beam crash barriers and galvanised iron tubular poles. It plans to deploy Rs 71 crore from the fresh issue proceeds towards debt repayment, with the remaining funds earmarked for general corporate purposes.
Subscription Status Day 1
The following subscription figures are as of 11:30 am on September 16, according to the latest bidding data.
Day 1 | To be updated | 3.87x | 1.48x | 2.25x |
Bidding Details
The following bidding data is as of 11:30 am on September 16. Category-wise shares offered and bids were not provided.
QIB | To be updated | To be updated |
Retail | To be updated | To be updated |
NII | To be updated | To be updated |
Total | 93.99 lakh | 2.11 crore |
Subscription Rate
The subscription rates below are as of 11:30 am on September 16.
QIB | To be updated |
Retail | 3.87x |
NII | 1.48x |
Total | 2.25x |
Jindal Supreme India's IPO will remain open for subscription until September 18. Investors will continue to track participation across the QIB, retail and NII categories through the remaining bidding period, after which the issue will move to the allotment and listing stages.
Also Read - SS Retail IPO Subscription Status Day 1: Issue Subscribed 30% So Far, Retail at 52%
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
Right Tools, Rich Insights
