Jindal Supreme IPO Listing: Shares List At A Premium Of Over 31% On BSE
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Jindal Supreme shares made a solid debut on the stock exchanges on 23 September 2026. The stock opened at ₹121.90 and ₹120 on the BSE and NSE, respectively. Read more.
Jindal Supreme made its debut on stock exchanges today, i.e., 23 September 2026. The initial public offering (IPO) of Jindal Supreme was a mainboard issue and its shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The shares were listed at a premium of over 31% compared with the IPO issue price of ₹93 per share in the upper price band on the BSE. On the NSE, the shares opened at ₹120 apiece. On the BSE, the stock was listed at ₹121.90 apiece.
Jindal Supreme IPO And Subscription Details
The Jindal Supreme IPO carried a price band of ₹88-93 per share. It was open for subscription from 16 September to 18 September. The IPO’s size was pegged at approximately ₹125 crore and had a lot size of 161 shares.
The issue comprised a fresh issue of ₹99.89 crore and an offer for sale (OFS) of ₹24.99 crore. The company plans to utilise the proceeds to repay certain outstanding borrowings and for general corporate purposes.
The Jindal Supreme IPO received an overall subscription of 181.07 times. The qualified institutional buyer (QIB) portion was subscribed 126.41 times, while the non-institutional investor (NII) category was booked 327.99 times. The retail portion was subscribed 149.34 times.
Sarthi Capital Advisors Pvt Ltd was the book-running manager of the IPO, while Bigshare Services Pvt Ltd was the issue registrar.
About Jindal Supreme
With over five decades of experience, Jindal Supreme manufactures a range of steel products for infrastructure and industrial applications. Its offerings comprise MS black pipes and tubes, galvanised pipes and metal crash barriers, among others. These products find applications in water supply and plumbing, construction, road and highway projects, bridges, oil and gas, agriculture and rural electrification.
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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
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
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