Jindal Supreme IPO Allotment Status OUT Today: How To Check On BSE/NSE & Bigshare; 31% Listing Gains Ahead

The allotment for the Jindal Supreme (India) IPO is going to be finalised today, September 21, after the Rs. 124.88 crore issue was subscribed a massive 181.07 times.

Those who have applied can check their Jindal Supreme IPO allotment status today on the BSE and NSE websites and on the registrar Bigshare Services' portal. The shares are scheduled to list on both exchanges on September 23.

Jindal Supreme IPO Details

Jindal Supreme IPO opened on September 16 and closed on September 18 in a price band of Rs. 88 to Rs. 93 per share, with a lot size of 161 shares, which meant a minimum investment of Rs. 14,973 at the upper end.

The issue comprised a fresh issue of 1.07 crore shares worth Rs. 99.89 crore and an offer-for-sale of 26.87 lakh shares worth Rs. 24.99 crore by promoter group entity VVJ Enterprise.

The company plans to use Rs. 71 crore of the fresh issue proceeds to prepay or repay borrowings.

Ahead of the issue, the company raised Rs. 37.46 crore from five anchor investors at Rs. 93 per share.

Jindal Supreme IPO subscription & GMP

Demand was strong in every category. The issue received bids for 1,70,19,83,003 shares against 93,99,600 shares on offer. Non-institutional investors subscribed 327.99 times, retail investors 149.34 times and qualified institutional buyers 126.41 times. With this level of oversubscription, applicants who are allotted shares may not receive the full quantity they applied for.

How to check Jindal Supreme IPO allotment status on BSE

Step 1: Go to the BSE IPO status page at bseindia.com/investors/appli_check.aspx
Step 2: Select "Equity" as the issue type.
Step 3: Choose "Jindal Supreme (India) Limited" from the issue name dropdown
Step 4: Enter your application number or PAN.
Step 5: Fill in the captcha and click Search to see whether shares have been allotted to you.

How to check Jindal Supreme IPO allotment status on NSE

Step 1: Open the NSE page for checking IPO bids at nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2: Click "Equity and SME IPO Bid Details"
Step 3: Select the symbol JSIPL from the dropdown
Step 4: Enter your PAN and application number
Step 5: Submit the form to view your bid and allotment details.

How to check Jindal Supreme IPO allotment status on Bigshare Services

People can also check their allotment status via Bigshare Services Private Limited, which is the registrar to the issue.

Step 1: Visit its IPO allotment page at ipo.bigshareonline.com
Step 2: select Jindal Supreme (India) Limited from the company dropdown
Step 3: Choose one of the three modes: application number or CAF number, beneficiary ID or PAN, and enter the corresponding details.
Step 4: Type in the captcha correctly and hit Search to see your allotment status.

Successful applicants will see shares credited to their demat account on September 22, and the blocked amount will be debited accordingly. Those who miss out will see the blocked amount released the same day, and the IPO mandate revoked. The stock is scheduled to debut on the NSE and BSE on September 23.

Jindal Supreme IPO GMP and listing expectations

In the grey market, the Jindal Supreme IPO is trading at a premium of Rs. 29 per share, as of 2:37 PM on September 21 as per data from Investorgain.

Investors who are successful in getting the shares and if the GMP momentum sustains, the IPO could list with 31.89% profits at Rs.122 per share.

However, it should also be noted that GMP is an unofficial indicator that is neither regulated nor guaranteed, so actual listing-day performance can differ from current projections.