Jindal Supreme IPO Day 1: Issue subscribed over 200% in early bids, GMP at 29%. Should you subscribe?
A ipo & listings development with market-wide reach.
16 Sept 2026 · Economic Times Markets
Jindal Supreme IPO opened on September 16 with the issue subscribed 2.10 times on Day 1. The Rs 124.88 crore issue has a price band of Rs 88–Rs 93, while the IPO’s grey market premium stands at around 29%.
Key facts
- Dates in focus
- September 16
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
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