# Jindal Supreme IPO subscribed 7.53 times on Day 1 2026-09-16T05:22:35+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets The initial public offering of Jindal Supreme India Ltd was subscribed 7.53 times on the first day of bidding on Wednesday, 16 September. The Rs 125-crore IPO received bids for 7,07,73,346 shares against 93,99,600 shares on offer, according to NSE data. The retail portion saw 11.59 times subscription, while non-institutional investors bid 6.74 times and qualified institutional buyers booked 1.02 times. The price band is fixed at Rs 88-93 per share. The IPO comprises a fresh issue of 1.07 crore shares worth nearly Rs 100 crore and an offer for sale of 26.86 lakh shares worth about Rs 25 crore by promoter entity VVJ Enterprise Pvt Ltd. Proceeds will be used for debt repayment and general corporate purposes. The shares are scheduled to list on BSE and NSE on 23 September. Sarthi Capital Advisors is the lead manager and Bigshare Services the registrar. Livemint reported a grey market premium of Rs 27, suggesting an estimated listing gain of 29%. Brokerage Swastika Invesmart has given a 'subscribe' rating, citing the company's shift into higher-margin crash barriers and discounted valuation, though noting thin margins and dependence on raw material costs. ## Indian Opinion Analysis Both sources report the IPO subscription numbers factually, but Livemint leads with grey market premium and broker rating, framing the story as an investment opportunity, while The Hindu Business Line leads with the subscription figure itself. Livemint's coverage serves retail investor interest in listing gains, whereas Business Line treats it as a market record. Neither source is critical or pro-government on this story. The balanced reading is that robust retail demand and a decent GMP indicate strong market appetite, but the company's thin margins and commodity exposure remain risks. Investors will watch the final subscription numbers on 18 September and the listing price on 23 September. ## Coverage - livemint.com (neutral report) Leads with GMP and broker rating, frames IPO as investment opportunity for retail - thehindubusinessline.com (neutral report) Leads with subscription numbers, straight market record without investment advice Tags: BSE, IPO, Jindal Supreme, NSE, Swastika Invesmart Canonical: https://indianopinion.org/jindal-supreme-ipo-opens-on-day-1-with-29-gmp-listing-gain-signal/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/jindal-supreme-ipo-opens-on-day-1-with-29-gmp-listing-gain-signal/#story-in-brief