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Jindal Supreme India IPO Allotment Status Finalized: How to Check & Listing Date

· · 3 min read

The Jindal Supreme (India) IPO finalized its share allotment on September 21. Investors can check their status via Bigshare Services, BSE, or NSE using their application number, PAN, or beneficiary ID. Shares are expected to list on September 23.

The much-anticipated share allotment for the Jindal Supreme (India) Initial Public Offering (IPO) has been finalized today, September 21. Investors who participated in the Rs 125 crore public issue, which saw overwhelming demand, can now verify their application status across multiple platforms.

Jindal Supreme IPO: Key Details and Subscription

Jindal Supreme (India) Limited offered its shares in a price band of Rs 88-93 apiece during the subscription period from September 16 to September 18. The IPO, which aimed to raise Rs 125 crore, received an exceptional response, being subscribed a staggering 181.07 times overall. This robust demand translated into over 20.38 lakh applications and bids totaling close to Rs 16,440 crore.

  • Non-Institutional Investors (NIIs) subscribed 327.99 times.
  • Qualified Institutional Bidders (QIBs) subscribed 126.41 times.
  • Retail investors' portion was subscribed 149.34 times.

How to Check Your Allotment Status

Applicants can check their Jindal Supreme (India) IPO allotment status through the registrar's website (Bigshare Services Pvt Ltd), or on the official websites of the BSE and NSE.

On Bigshare Services

  1. Visit the official web portal of Bigshare Services Pvt Ltd.
  2. Select the server of your preference (Server 1, Server 2, etc.).
  3. From the dropdown menu, select 'Jindal Supreme (India) Limited' once the allotment is officially finalized and populated.
  4. Choose one of the three options to check status: Application Number/CAF No, Beneficiary ID, or PAN ID.
  5. Enter the required details corresponding to your chosen mode.
  6. Complete the security captcha accurately.
  7. Click 'Search' to view your allotment status.

On NSE

  1. Navigate to the NSE's dedicated IPO allotment page.
  2. Select 'Equity & SME IPO Bid details'.
  3. Under 'Select Symbol', choose 'JSIPL'.
  4. Input your PAN Number and Application Number.
  5. Click 'Submit' to proceed and check your status.

On BSE

  1. Go to the BSE's IPO allotment page.
  2. Under 'Issue Type', select 'Equity'.
  3. From the 'Issue Name' dropdown, choose 'Jindal Supreme (India) Limited'.
  4. Enter your application number.
  5. Add your PAN card ID.
  6. Click on 'I am not a Robot' and then hit the 'Search' button.

Grey Market Premium (GMP) and Listing Date

Despite the strong subscription figures, the Grey Market Premium (GMP) for Jindal Supreme (India) IPO has remained relatively stable. Latest reports indicate a GMP of Rs 26-29 per share, suggesting a potential listing gain of approximately 28-31 percent for investors based on the upper price band. The GMP had hovered around Rs 25-30 during the initial days of bidding.

Refunds for unsuccessful bidders are expected to be processed by Tuesday, September 22. The shares of Jindal Supreme (India) Limited are scheduled to be officially listed on both the BSE and NSE on Wednesday, September 23.

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