Jindal Supreme (India) IPO Subscription Update: Issue Subscribed 6.49 Times on Day 1
Information Subscription
On the first day till 15:42:00pm, Jindal Supreme (India) received bids for 6,09,70,539 shares against 93,99,600 shares available for subscription, according to NSE data. The Retail Individual Investor (RII) category was subscribed 10.21 times, while the Non-Institutional Investor (NII) category stood at 5.08 times. The Qualified Institutional Buyer (QIB) portion, excluding the anchor allocation, was subscribed 1.02 times 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) | 1.02 |
| 2. | Non-Institutional Investors | 5.08 |
| 3. | Retail Individual Investors (RIIs) | 5.08 |
| - | Total | 6.49 |
Jindal Supreme (India) Overview & Purpose
Jindal Supreme (India) is offering a rupee 124.88 crore IPO, comprising a fresh issue of approximately rupee 99.89 crore and an Offer for Sale of around rupee 24.99 crore. The issue is priced in the range of rupee 88 to rupee 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.
| PRICE | CUMULATIVE QUANTITY |
|---|---|
| Cut-Off | 4,41,99,813 |
| 93 | 6,08,68,304 |
| 92 | 6,08,86,819 |
| 91 | 6,09,10,003 |
| 90 | 6,09,68,929 |
| 89 | 6,09,82,936 |
| 88 | 6,10,65,368 |
Updated - 15:42:00pm
Disclaimer: This content is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
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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