Jindal Supreme (India) Ltd’s ₹125-crore initial public offering receives heavy investor demand, with subscription rising further into the final stretch and the issue eventually being reported as 181.07 times subscribed on the last day. According to NSE data, bids come in for 1,70,19,83,003 shares against 93,99,600 shares on offer.
Outlets also report strong demand across investor categories. The non-institutional portion is said to be subscribed 327.99 times, retail is reported at 149.34 times, and qualified institutional buyers at 126.41 times. One report provides a day-2 snapshot, saying the IPO was subscribed 31.50 times after bids for 29,60,44,868 shares against 93,99,600 shares on offer, indicating demand accelerates over the subscription window.
The IPO sets a price band of ₹88–₹93 per share. It includes a fresh issue of 1.07 crore equity shares (about ₹100 crore at the upper end of the band) and an offer-for-sale of 26.86 lakh shares worth about ₹25 crore by promoter group entity VVJ Enterprise Pvt Ltd. Proceeds from the fresh issue are earmarked for debt repayment and general corporate purposes, with listings planned on BSE and NSE on September 23.
