GENERAL16 Sept 2026
Jindal Supreme IPO Day 1: GMP signals 29% listing gains on opening day | Check GMP, review - apply or not?
Jindal Supreme's ₹125 crore IPO opened for bidding on 16 September and closes 18 September. Retail investors can bid from 161 shares, which works out to ₹14,973 at the top price of ₹93. A grey market premium of ₹27 hints at a 29% listing gain, though grey market signals are not reliable. Check the details and decide before Friday.
Key Statutory Highlights
- The ₹124.88 crore book-built issue stays open till 18 September, with the price band fixed at ₹88 to ₹93 per share.
- A grey market premium of ₹27 suggests an estimated listing gain of 29.03%, with shares tentatively listing on 23 September.
- The company plans to use ₹71 crore from the issue to repay or pre-pay certain outstanding borrowings.
Actionable Advice for Taxpayers / Founders:If you are planning to apply, go through the offer details and your own risk comfort first, and treat the grey market premium only as a market signal, not a promise of listing gains.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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