Jindal Supreme (India) IPO GMP History
Jindal Supreme (India) IPO has been listed on September 23, 2026 at a listing price of ₹120, against the issue price of ₹93 — a gain of ₹27 (+29.03%). The GMP peaked at ₹30 on 17 September 2026 and reached a low of ₹11 on 9 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Jindal Supreme (India) IPO raised ₹124.88 Cr. through its IPO at a price band of ₹88 to ₹93 per share, with a lot size of 161 shares. The IPO was open for subscription from 16 Sep 2026 to 18 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 23 Sep, 6:30 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Sep 2026 | ₹ 29 | ▲ | 31.18% | — | ₹ 3500 |
| 22 Sep 2026 | ₹ 27 | ▼ | 29.03% | — | ₹ 3500 |
| 21 Sep 2026 | ₹ 29 | — | 31.18% | — | ₹ 3500 |
| 20 Sep 2026 | ₹ 29 | — | 31.18% | — | ₹ 3500 |
| 19 Sep 2026 | ₹ 29 | ▲ | 31.18% | — | ₹ 3500 |
| 18 Sep 2026 | ₹ 26.5 | ▼ | 28.49% | — | — |
| 17 Sep 2026 | ₹ 30 | ▲ | 32.26% | — | — |
| 16 Sep 2026 | ₹ 25 | ▼ | 26.88% | — | — |
| 15 Sep 2026 | ₹ 27 | — | 29.03% | — | — |
| 14 Sep 2026 | ₹ 27 | — | 29.03% | — | — |
| 13 Sep 2026 | ₹ 27 | ▲ | 29.03% | — | — |
| 12 Sep 2026 | ₹ 25 | ▲ | 26.88% | — | — |
| 11 Sep 2026 | ₹ 21 | ▲ | 22.58% | — | — |
| 10 Sep 2026 | ₹ 19 | ▲ | 20.43% | — | — |
| 09 Sep 2026 | ₹ 11 | — | 11.83% | — | — |
Jindal Supreme (India) IPO dates
Key dates from opening to listing. Today is 23 October.
- Open 16 Sep 2026
- Close 18 Sep 2026
- Allotment 21 Sep 2026
- Refund/credit 22 Sep 2026
- Listing 23 Sep 2026
Jindal Supreme (India) IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹93 |
|---|---|
| GMP-based estimate (pre-listing) | ₹122 (+31.2%) |
| Listing gain / loss | +₹27 per share |
| Listing date | 23 Sep, 2026 |
| Actual listing price | ₹120 (+29.03%) |
Is Jindal Supreme (India) IPO GMP reliable?
Grey market premium for Jindal Supreme (India) IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Jindal Supreme (India) IPO full review for a fundamentals-based assessment before making any grey market trades.
Jindal Supreme (India) IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Jindal Supreme (India) IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹3500, BHNI: ₹49000. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Jindal Supreme (India) IPO
Jindal Supreme (India) Limited was started in March 1974. For more than five decades it has made and supplied steel pipes, tubes and related steel products used in infrastructure and industry.
Its range covers mild steel black pipes and tubes, galvanized pipes, metal beam crash barriers and galvanized iron tubular poles. These are made in different sizes to Indian Standards and are used in water supply and plumbing, infrastructure and construction, roads and highways, bridges, oil and gas, chemicals, agriculture and rural electrification.
The company has been adding new products to catch infrastructure demand. In FY2025 it started making W-beam and Thrie-beam metal crash barriers, which are the guard rails used along highways, and in FY2026 it added GI tubular poles used for street lighting and electrification work. It works mainly on a business to business basis, selling directly to institutional and industrial buyers including infrastructure contractors, and also through its dealer network. Its manufacturing facility is at Hisar in Haryana.
Frequently asked
What is the GMP of Jindal Supreme (India) IPO?
The current Grey Market Premium (GMP) of Jindal Supreme (India) IPO is ₹ 29.
What is the Kostak Price of Jindal Supreme (India) IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Jindal Supreme (India) IPO is not available.
What is the Subject to Sauda Price of Jindal Supreme (India) IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹3500, BHNI: ₹49000.
What was the actual listing price of Jindal Supreme (India) IPO?
Jindal Supreme (India) IPO listed on September 23, 2026 at ₹120, against the issue price of ₹93 — a gain of +29.03%.
How did the GMP of Jindal Supreme (India) IPO trend before listing?
The GMP of Jindal Supreme (India) IPO was rising in its final days before listing. The GMP peaked at ₹30 on 17 September 2026. View the day-wise table above for the complete GMP history.
Explore Jindal Supreme (India) IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
