Jindal Supreme (India) IPO Subscription Update: Issue Subscribed 31.55 on Day 2
 IPO Subscription Update Issue Subscribed 31.55 on Day 2.webp)
On the second day, Jindal Supreme (India) Limited received bids for 3,35,65,119 shares against 26,85,600 shares available for subscription, according to NSE data. The retail investor category was subscribed 39.74, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 37.60 and 12.50 bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 12.50 |
| 2. | Non-Institutional Investors | 37.60 |
| 3. | Retail Individual Investors (RIIs) | 39.74 |
| - | Total | 31.50 |
Jindal Supreme (India) Overview & Purpose
Jindal Supreme (India) is offering a Rs 124.88 crore IPO, comprising a fresh issue of approximately Rs 99.89 crore and an Offer for Sale of around Rs 24.99 crore. The issue is priced in the range of Rs 88 to Rs 93 per share, with a minimum lot size of 161 shares.
The Company plans to utilise the fresh issue proceeds primarily towards repayment or prepayment of certain borrowings, while the remaining funds will be used for general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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