Jindal Supreme IPO Day 2: Subscription Status on 17 September 2026

Jindal Supreme IPO Day 2, 17 Sep 2026. Subscribed 7.56x at Day 1 close: Retail 11.64x, NII 6.75x, QIB 1.02x. Price band Rs 88-93. Closes 18 Sep.

The issue has entered Day 2 of its three day bidding window, which opened on 16 September and closes on 18 September 2026. Jindal Supreme (India) Limited, a five decade old steel pipes and tubes manufacturer, is raising about Rs 124.88 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both BSE and NSE.

Day 1 bidding for the issue closed with the issue subscribed a strong 7.56 times overall, driven by broad based demand with retail investors crossing 11 times subscription. With two sessions still remaining, including the 18 September close, and QIBs typically adding more bids in the closing hours, the final subscription figure for the issue could run considerably higher.

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Jindal Supreme IPO Details

The table below sets out the key parameters of the issue.

Jindal Supreme IPO Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on BSE and NSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.

Retail investors have driven the demand for the issue by a wide margin, though QIB also cleared full subscription on the opening day itself, a sign of broad based interest across categories. Investors should treat the Day 2 figures as provisional since bidding remains open until the 18 September close.

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How to Apply for the Jindal Supreme IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 88 to Rs 93 band, in multiples of 161 shares.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 18 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 18 September close.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue has opened with exceptional demand, closing Day 1 subscribed 7.56 times overall with retail crossing 11 times, and two more sessions remain before the 18 September close for the book to build further. Investors considering the issue should review the company financials and risk factors in the RHP on bseindia.com and nseindia.com, and apply only after independent due diligence.

FAQs

What is the Jindal Supreme IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 7.56 times overall, with retail at 11.64 times, NII at 6.75 times, and QIB at 1.02 times, and figures for Day 2, 17 September 2026, are updating through today’s session on BSE and NSE.

When does the Jindal Supreme IPO close?

Ans. The issue closes for subscription on 18 September 2026, having opened on 16 September 2026.

What is the Jindal Supreme IPO price band and lot size?

Ans. The issue price band is Rs 88 to Rs 93 per share, with a lot size of 161 shares, taking the minimum retail investment to about Rs 14,973 at the upper band.

Which category led the Jindal Supreme IPO on Day 1?

Ans. Retail investors led the issue on Day 1 by a wide margin, subscribing their reserved portion 11.64 times, ahead of non-institutional investors at 6.75 times, while qualified institutional buyers had just crossed full subscription at 1.02 times.

What is the Jindal Supreme IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

How do I apply for the Jindal Supreme IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 161 shares within the Rs 88 to Rs 93 band and approving the UPI mandate before the daily cut off.

When will the Jindal Supreme IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 21 September 2026, with listing on both BSE and NSE tentatively scheduled for 23 September 2026.

Is the Jindal Supreme IPO likely to close heavily oversubscribed?

Ans. The issue was already subscribed 7.56 times by the Day 1 close, with all three categories past full subscription, so with two sessions still remaining the issue looks well placed to close well oversubscribed, though the final figure should be confirmed on BSE and NSE.

Is the promoter selling shares in the Jindal Supreme IPO?

Ans. The main promoter, Abhishek Jindal, who holds around 81 percent of the company pre-IPO, is not selling any shares in the issue. The offer for sale is entirely by promoter group entity VVJ Enterprise Private Limited.

What does Jindal Supreme (India) Limited do?

Ans. Jindal Supreme (India) Limited manufactures MS black pipes and tubes, galvanized pipes, metal beam crash barriers and GI tubular poles from its Hisar, Haryana facility, serving infrastructure and road safety applications.