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IPO Listing Today: SS Retail Soars 47%, Jindal Supreme Up 29%; Hero Motors Debuts at Discount
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News18•23-09-2026, 10:33
IPO Listing Today: SS Retail Soars 47%, Jindal Supreme Up 29%; Hero Motors Debuts at Discount
- •Three mainboard IPOs — Jindal Supreme (India), SS Retail, and Hero Motors — debuted on the stock market on September 23.
- •SS Retail saw the strongest opening with a 47.17% premium, indicating a price of Rs 624 against its IPO upper price band of Rs 424.
- •Jindal Supreme shares indicated a 29.03% gain, trading around Rs 120 compared to its IPO upper price band of Rs 93.
- •Hero Motors shares opened at a discount of 2.38%, with an indicative price of Rs 82 against its IPO upper price band of Rs 84.
- •Jindal Supreme's IPO was subscribed 180.23 times, while SS Retail's was subscribed around 103 times, and Hero Motors' was subscribed 6.64 times.
Key Questions Answered
On September 23, SS Retail debuted with a 47% premium and Jindal Supreme opened with a 29% premium, while Hero Motors listed at a discount to its IPO price.
Jindal Supreme raised Rs 124.88 crore through its IPO priced in the Rs 88-93 range, achieving an overall subscription of 180.23 times.
The SS Retail IPO was a Rs 500-crore issue with a price band of Rs 403-Rs 424 per share, consisting of a fresh issue of Rs 360 crore and an offer for sale of Rs 140 crore.
