Jindal Supreme India IPO Subscription Status Day 3: Issue Sees 101.32x Demand on Final Day
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Jindal Supreme India IPO Subscription Status: The ₹125-crore issue saw subscription rise to 101.32x on the final day, with NII demand at 67.19x, QIB at 58.98x and retail at 12.86x.
The Jindal Supreme India IPO saw demand accelerate on the final day of bidding, with the ₹125-crore issue subscribed 101.32 times as of 12:45 PM on Friday, September 18.
The issue had recorded 6.62x subscription on Day 1, which rose to 36.77x on Day 2. Demand strengthened further on the final day, taking the overall subscription above the 100-times mark.
The NII portion was subscribed 67.19x, while the QIB portion received 58.98x subscription. The retail portion was subscribed 12.86x, according to the latest data.
The IPO opened on September 16 and closes on September 18. The issue comprises a fresh issue of up to ₹100 crore and an offer for sale of up to ₹25 crore.
Jindal Supreme India IPO Subscription Status Day 3
Demand remained strong across investor categories on the final day, with the overall issue receiving more than 100 times the shares on offer. The NII category recorded the highest subscription among the three main investor segments, followed by QIBs.
Day | QIB | Retail | NII | Total |
|---|---|---|---|---|
Day 3 | 58.98x | 12.86x | 67.19x | 101.32x |
Jindal Supreme India IPO Subscription Status
Subscription increased sharply over the three-day bidding period. The issue moved from 6.62x on Day 1 to 36.77x on Day 2, before reaching 101.32x on the final day.
Day | QIB | Retail | NII | Total |
|---|---|---|---|---|
Day 1 | 1.02x | 5.20x | 11.43x | 6.62x |
Day 2 | 12.49x | 31.01x | 39.13x | 36.77x |
Day 3 | 58.98x | 12.86x | 67.19x | 101.32x |
Jindal Supreme India IPO Bidding Details
The ₹125-crore issue comprises a fresh issue of up to 1,07,41,149 shares worth ₹100 crore and an OFS of up to 26,86,851 shares worth ₹25 crore. The total offer comprises up to 1,34,28,000 shares.
The fresh issue proceeds are intended to be used towards repayment or pre-payment of outstanding borrowings, with the balance earmarked for general corporate purposes.
Investor Category | Shares Offered |
|---|---|
QIB | To be updated |
Retail | To be updated |
NII | To be updated |
Total | 1,34,28,000 |
Jindal Supreme India IPO Subscription Rate
The NII portion recorded 67.19x subscription on the final day, while QIB demand stood at 58.98x. The retail portion was subscribed 12.86x, taking the overall issue subscription to 101.32x.
Category | Subscription Rate |
|---|---|
QIB | 58.98x |
Retail | 12.86x |
NII | 67.19x |
Total | 101.32x |
The Jindal Supreme India IPO closes on September 18. The basis of allotment is expected to be finalised on September 21, followed by refund initiation and credit of shares on September 22. The shares are scheduled to list on the NSE and BSE on September 23.
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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.
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