The Economic Times

Jindal Supreme IPO Day 2: Issue subscribed over 12.5x, GMP at 27% Should you subscribe?

The Jindal Supreme IPO has attracted strong Day 2 demand, with overall subscription reaching 12.53 times and retail subscription at 19.13 times. Its GMP stands at Rs 25, suggesting positive unofficial market sentiment. The Rs 124.88 crore issue closes September 18. The proceeds from the issue will primarily repay debt.