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The Economic Times
The Economic Times
Ritesh Presswala

Jindal Supreme IPO Day 1: Issue subscribed over 200% in early bids, GMP at 29%. Should you subscribe?

Jindal Supreme IPO GMP

The Jindal Supreme IPO opened for subscription today, marking the start of its three-day bidding window. Within the early hours of Day 1, the issue was already oversubscribed 2.10 times against the 93.99 lakh shares on offer. The retail portion saw even stronger demand, with subscription reaching 3.61 times.

The IPO is also drawing attention in the grey market, with the Grey Market Premium (GMP) currently standing at around 29%. The premium indicates market expectations around the company’s potential listing performance, although GMP trends can change and do not guarantee listing gains.

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