Jindal Supreme (India) IPO
Jindal Supreme (India) Limited (JSIPL) · mainboard IPO on NSE and BSE · Book Building. Listed on 23 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +38.4% (likely range +9% to +95%), day's high +47.0%, chance of a gain 97%. Actual: +29.0% at the open, +35.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 26,85,600 | 33,94,88,625 | 126x | |
| NII (HNI) total | 20,14,200 | 66,06,43,214 | 328x | |
| Big NII (above ₹10 lakh) | 13,42,800 | 40,84,58,610 | 304x | |
| Small NII (₹2-10 lakh) | 6,71,400 | 25,21,84,604 | 376x | |
| Retail | 46,99,800 | 70,18,51,164 | 149x | |
| Total | 93,99,600 | 1,70,19,83,003 | 181x |
Bids on NSE and BSE together, as published by NSE, as of 18 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 37% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Jindal Supreme (India)'s, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Unicommerce eSolutionsAug 2024 | 139x | 252x | 131x | 168x | ₹277 Cr | +117.6% | +137.0% |
| Manba FinanceSep 2024 | 149x | 512x | 144x | 224x | ₹151 Cr | +20.8% | +26.9% |
| Borana WeavesMay 2025 | 87.2x | 237x | 201x | 149x | ₹145 Cr | +12.5% | +18.1% |
| Stallion India FluorochemicalsJan 2025 | 173x | 422x | 96.9x | 188x | ₹199 Cr | +33.3% | +40.0% |
| MV ElectrosystemsAug 2026 | 90.5x | 375x | 205x | 189x | ₹308 Cr | +22.4% | +46.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Sarthi Capital Advisors | 4 | +11.6% | 75% |
Offer documents (NSE)
Frequently asked
What is the Jindal Supreme (India) IPO price band and lot size? ₹88.0–93.0 per share, with a lot of 161 shares, so the smallest retail bid is ₹14,973.
How many times has it been subscribed? 181x overall: QIB 126x, NII 328x, retail 149x.
How did it list? It opened at ₹120, +29.0% against the issue price of ₹93.0, and closed its first day +35.5%.
