Jindal Supreme Stock Debuts With 38% Gain Amid IPO Boom
By Business Desk
Jindal Supreme shares surged 38% on debut following a massive 181x subscription. Discover the listing details and upcoming IPOs like Omara Ventures.
Jindal Supreme shares climbed 38% above their initial public offering price during a successful market debut. Analysts linked the strong trading performance to solid company fundamentals and favorable market conditions.
Listing Performance and Subscription Details
On September 23, 2026, Jindal Supreme (India) Limited listed on the National Stock Exchange at Rs 120 and the Bombay Stock Exchange at Rs 121.90. These figures marked premiums over the issue price of Rs 93.
- Issue size: Rs 124.88 crore
- Total subscription: 181.07 times
- Non-institutional investor subscription: 327.99 times
- Retail category subscription: 149.34 times
The public issue consisted of a fresh issue totaling Rs 99.89 crore and an offer for sale valued at Rs 24.99 crore. Jindal Supreme plans to use the proceeds primarily for debt reduction to improve its balance sheet.
Upcoming Public Offerings
Market participants are now tracking upcoming initial public offerings from Omara Ventures India Limited and Black Opal Consultants Limited. Both companies bring distinct issue sizes and timelines to the SME platform.
- Omara Ventures IPO dates: September 30, 2026 to October 5, 2026
- Omara Ventures issue size: Rs 41.99 crore
- Black Opal Consultants IPO dates: September 29, 2026 to October 1, 2026
- Black Opal Consultants issue size: Rs 55.08 crore
Omara Ventures has set its price band at Rs 296 to Rs 311 per share for an issue involving up to 13,50,000 equity shares. Black Opal Consultants established a price band of Rs 185 to Rs 197 per equity share with a market lot size of 1,200 shares.
Financial Outlook
Omara Ventures reported revenue rising to Rs 45.87 crore in FY26 from Rs 23.52 crore in FY25. The company intends to direct funds raised toward boutique expansion and marketing activities.
- Omara FY26 EBITDA: Rs 14.42 crore
- Omara FY26 profit after tax: Rs 9.36 crore
- Black Opal fresh issue component: Rs 44.09 crore
Black Opal Consultants will also feature an offer for sale of roughly 5,58,000 equity shares ahead of its scheduled BSE SME platform listing on October 7, 2026. Investor appetite remains focused on these upcoming listings following Jindal Supreme’s strong entry.