The initial public offerings (IPOs) for Jindal Supreme India Ltd, SS Retail Ltd, and Hero Motors Ltd concluded their bidding on Friday, September 18, 2026, drawing significant investor attention. Jindal Supreme's issue led the pack with an oversubscription of more than 181 times, signaling robust demand in the primary market.
Jindal Supreme India IPO Sees Massive Demand
Jindal Supreme India Ltd's IPO, offered within a price band of Rs 88-93 per share, witnessed an extraordinary subscription rate of 181.07 times by the final day. The company received an astounding 1,70,19,79,461 bids against the 93,99,600 shares available for offer.
- Qualified Institutional Buyers (QIBs): This segment was subscribed 126.41 times.
- Non-Institutional Investors (NIIs): The NII category showed even stronger interest, oversubscribing by 327.99 times.
- Retail Individual Investors (RIIs): Retail participation was also robust, with this portion subscribed 149.34 times.
SS Retail IPO Also Heavily Subscribed
SS Retail Ltd's IPO, priced between Rs 403-424 per share, also garnered substantial interest, achieving an overall subscription of 103.30 times on its closing day. The issue attracted 90,83,96,230 bids for 87,93,884 shares on offer.
- QIBs: The qualified institutional buyer portion was subscribed 203.61 times.
- NIIs: Non-institutional investors subscribed 143.32 times.
- RIIs: Retail investors subscribed their portion 36.36 times.
- Employee Reserved Portion: Employees showed interest with a subscription of 2.69 times, benefiting from a Rs 25 per share discount.
Hero Motors IPO Closes 6.66 Times Subscribed
The IPO for Hero Motors Ltd concluded with a subscription rate of 6.66 times on its third and final day. The company offered shares in the price band of Rs 79-84 per share, receiving 58,97,24,146 bids against 8,86,07,596 shares.
- QIBs: Qualified institutional buyers subscribed 1.49 times.
- NIIs: Non-institutional investors subscribed 9.86 times.
- RIIs: Retail individual investors subscribed their portion 8.23 times.
Anticipated Listing and Grey Market Premiums
Shares of Jindal Supreme India, SS Retail, and Hero Motors are tentatively scheduled for listing on September 23, 2026. As per the latest available information, SS Retail commanded a grey market premium (GMP) of 33.73 per cent, while Jindal Supreme India's GMP stood at 33.33 per cent. Hero Motors, however, was trading at a nil GMP.