{
  "id": 8258661,
  "title": "Jindal Supreme IPO Gets Massive Response, Subscribed 181 Times On Final Day",
  "url": "https://urgent.news/2026/09/18/jindal-supreme-ipo-gets-massive-response-subscribed-181-times-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T13:41:02.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/jindal-supreme-ipo-gets-massive-response-subscribed-181-times-on-final-day"
  },
  "original_language": "en",
  "account": "New Delhi, September 18 saw a massive response to the IPO of Jindal Supreme (India) Ltd, with the initial public offering of the plastic piping solutions manufacturer registering a staggering 181.07 times subscription on its final day of sale. The company issued shares worth Rs 125 crore, with bids received for 1,70,19,83,003 shares against the 93,99,600 shares available for sale. Non-institutional investors showed a particularly strong interest, subscribing to the IPO 327.99 times, while retail investors contributed to a 149.34 times subscription, and Qualified Institutional Buyers (QIBs) subscribed to it 126.41 times. The IPO was priced between Rs 88-93 per share, with a fresh issue of 1.07 crore shares, totaling nearly Rs 100 crore at the upper end of the price band, alongside an Offer-for-Sale of 26.86 lakh shares, worth around Rs 25 crore, by the promoter group entity VVJ Enterprise Pvt Ltd. The proceeds from the fresh issue will be utilized for debt repayment and general corporate purposes. Jindal Supreme shares are scheduled to be listed on both the BSE and NSE on September 23, with Sarthi Capital Advisors acting as the book-running lead manager for the issue and Bigshare Services as the registrar.",
  "summary": "New Delhi, September 18: The initial public offering of Jindal Supreme (India) Ltd, a manufacturer of plastic piping solutions and related products, received a whopping 181.07 times subscription on the final day of share sale on Friday, with a strong response from investors. Strong Investor Response The company's Rs 125-crore IPO received bids for 1,70,19,83,003 shares against 93,99,600 shares on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}