Jindal Supreme IPO Day 2: Issue subscribed over 31 times, GMP at 27% — Should you subscribe?

The Jindal Supreme IPO has attracted strong Day 2 demand, with overall subscription reaching 31 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.
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