Jindal Supreme IPO September 2026: 7.53× Subscription, ₹88‑₹93 Price Band, Sep 23 Listing

Overview of the Jindal Supreme IPO

The initial public offering of Jindal Supreme India Ltd, a maker of plastic piping solutions, opened for bidding on 16 September 2026. According to the Rediff Money report (Rediff Money), the issue attracted strong demand from the outset.

Subscription Details

The IPO consisted of a fresh issue of 1.07 crore equity shares and an offer‑for‑sale (OFS) of 26.86 lakh shares promoted by VVJ Enterprise Pvt Ltd. On the first day of bidding, the overall subscription reached 7.53 times the offered quantity. Retail investors led the demand, subscribing their portion 11.59 times. Non‑institutional investors subscribed 6.74 times, while the Qualified Institutional Buyers (QIB) segment was booked at 1.02 times (Rediff Money).

Price Band and Issue Size

The company fixed a price band of ₹88–₹93 per share. At the upper end of the band, the fresh issue of 1.07 crore shares would raise nearly ₹100 crore, and the OFS of 26.86 lakh shares is worth about ₹25 crore. The total issue size is therefore approximately ₹125 crore (Rediff Money).

Listing Schedule

Equity shares from both the fresh issue and the OFS are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 23 September 2026. This date was announced in the Rediff Money article and remains the scheduled listing unless regulatory changes intervene (Rediff Money).

Use of Proceeds

Proceeds from the fresh issue are earmarked for debt repayment and general corporate purposes. The OFS proceeds will flow to the promoter group entity VVJ Enterprise Pvt Ltd. The company states that the funds will support its core business in plastic piping solutions, which is linked to infrastructure and industrial demand (Rediff Money).

What Investors Should Know

The strong retail‑driven oversubscription indicates heightened investor interest in the company’s niche manufacturing segment. The price band provides a clear valuation range, and the September 23 listing date offers a timeline for trading decisions. For definitive details, investors should refer to the SEBI filing and the company’s prospectus.