Jindal Supreme to raise ₹125 crore via IPO
The company will issue 1.34 crore equity shares at ₹88 - ₹93 each, opening for subscription on Wednesday
Jindal Supreme (India), a steel manufacturer in India that has been in operation for over five decades, is planning to raise ₹125 crore through an initial public offering (IPO) on the main stock exchange. The company intends to issue 1.34 crore equity shares priced between ₹88 and ₹93 per share. The subscription for the issue will commence on Wednesday, with Sarthi Capital Advisors acting as the book running lead manager.
Bigshare Services has been appointed as the registrar for the IPO. Abhishek Jindal, the Managing Director of Jindal Supreme (India), shared that since its establishment in 1974, the company has continuously expanded its production capabilities and product range to cater to various infrastructure and industrial needs. Looking ahead, the company aims to enhance capacity utilization, boost operational efficiency, broaden its market reach, and enhance its product offerings.
Jindal Supreme's IPO will assist the company in its endeavors to fortify its business and pursue enduring growth. Deepak Sharma, a director at Sarthi Capital Advisors, expressed confidence in Jindal Supreme's strong foundation built over five decades, highlighting the company's manufacturing expertise, expanding product portfolio, and emphasis on operational efficiency as the basis for its future growth.
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