Hero Motors, SS Retail, Jindal Supreme IPO Listing Today: Mixed Debut on D-Street
- September 23, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Snapshot: Wednesday’s Listings
Hero Motors: listed at a discount, issue price Rs 84 | SS Retail: listed at over 50% premium, issue price Rs 424 | Jindal Supreme (India): listed at over 30% premium, issue price Rs 93 | Combined issue size: nearly Rs 1,625 crore
Quick Answer
Wednesday’s IPO listing today saw a mixed debut on Dalal Street. SS Retail and Jindal Supreme (India) rewarded investors with strong listing-day gains, while Hero Motors disappointed with a flat-to-negative start. All three stocks began trading on both the BSE and the NSE, closing out subscription windows that ran between September 16 and 18.
Three companies made their stock market debut on the same day this week, giving investors a clear before-and-after look at how a hot subscription number does not always translate into a strong listing. Auto-components maker Hero Motors, footwear and lifestyle retailer SS Retail, and PVC pipe and fittings manufacturer Jindal Supreme (India) all opened for trading on Wednesday, and the outcome for each was quite different.
Together, the three issues raised close to Rs 1,625 crore from the primary market. Anyone tracking IPO listing today updates will want to look past the headline subscription figures and focus on what actually happened once the shares hit the exchanges.
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Hero Motors IPO Listing Today: A Weak Start
Hero Motors, the automotive technology arm of the Hero Group, had the largest offer of the three but ended up the weakest performer at the exchanges. The stock listed at Rs 82 on the NSE, a discount of about 2.4% to its issue price of Rs 84, and at Rs 82.10 on the BSE, a marginal premium of roughly 2.3%. The muted debut followed a run-up to subscription that was solid but far from spectacular: the issue was subscribed 6.66 times overall, with the non-institutional investor category booked around 9.86 times and the retail portion around 8.23 times.
Hero Motors counts global automakers among its clients and runs manufacturing facilities across India, the UK and Thailand. The proceeds from its fresh issue are earmarked mainly for debt repayment and capacity expansion at its Uttar Pradesh facility. For a company with that scale of operations, this IPO listing today outcome suggests investors were pricing in near-term margin pressure rather than betting purely on the subscription momentum.
SS Retail IPO Listing Today: The Standout Debut
SS Retail delivered the strongest performance among Wednesday’s IPO listing today lineup. The stock opened at Rs 639.10 on the BSE, a premium of about 50.7% over its issue price of Rs 424, and at Rs 624 on the NSE, a gain of roughly 47.2%. The issue had drawn heavy demand through its subscription window, closing at 103.30 times overall, led by the qualified institutional buyer segment at 203.61 times, followed by the non-institutional category at 143.32 times and retail investors at 36.36 times.
That kind of institutional appetite, layered on top of strong retail participation, typically signals confidence in near-term earnings visibility, and this IPO listing today gain ranks among the strongest mainboard debuts seen this quarter.
Jindal Supreme IPO Listing Today: A Strong Debut Too
Jindal Supreme (India), which makes PVC pipes and fittings, also had a good outing on its listing day. The stock opened at Rs 121.90 on the BSE, up around 31% from its issue price of Rs 93, and at Rs 120 on the NSE, a gain of about 29%. The Rs 125-crore issue, split between a Rs 100-crore fresh issue and a Rs 25-crore offer for sale, was the most heavily subscribed of the three, closing at 181.07 times overall. The non-institutional investor category led the charge at 327.99 times, with the retail portion at 149.34 times and the qualified institutional buyer segment at 126.41 times. This IPO listing today result puts Jindal Supreme among the standout mainboard debuts of the week.
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What This IPO Listing Today Tells Investors
Put side by side, Wednesday’s IPO listing today is a reminder that subscription multiples alone don’t decide how a stock trades on debut. Hero Motors was subscribed a respectable 6.66 times yet still opened flat, while SS Retail and Jindal Supreme, both subscribed well above 100 times, converted that demand into real listing-day gains. Ahead of the debut, unofficial grey market activity had already pointed toward this divergence, with sentiment cooling sharply for Hero Motors even as it stayed firm for the other two names. Investors evaluating any fresh listing should weigh sector positioning, pricing versus peers, and post-listing volume alongside the subscription numbers, rather than treating a high subscription figure as a guarantee of listing-day gains. For readers following broader IPO listing today trends, this batch is a useful case study in how demand and debut performance can diverge.
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Conclusion
Wednesday’s IPO listing today closed the book on three subscription windows that ran from September 16 to 18, and the results were split down the middle. SS Retail and Jindal Supreme (India) rewarded their investors with double-digit listing pops, while Hero Motors served as a reminder that even a well-subscribed, large-format issue can open near its issue price. With all three now trading on the BSE and NSE, near-term price action will depend on broader market direction and each company’s next set of quarterly numbers. This IPO listing today report will be updated as more mainboard debuts approach in the coming weeks.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Stock market investments are subject to market risks. Please read all scheme-related documents carefully and verify all data independently before making any investment decision. Univest Financial Services (INH000013776) does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.
FAQs
What was the Hero Motors listing price today?
Hero Motors listed at Rs 82 on the NSE, a discount of about 2.4% to its Rs 84 issue price, and at Rs 82.10 on the BSE, a marginal premium of around 2.3%.
What was the SS Retail listing price today?
SS Retail listed at Rs 639.10 on the BSE, a premium of roughly 50.7% over its Rs 424 issue price, and at Rs 624 on the NSE, up about 47.2%.
What was the Jindal Supreme listing price today?
Jindal Supreme (India) listed at Rs 121.90 on the BSE and Rs 120 on the NSE, gains of about 31% and 29% respectively over its Rs 93 issue price.
How much was each IPO subscribed?
Hero Motors was subscribed 6.66 times, SS Retail 103.30 times, and Jindal Supreme (India) 181.07 times overall by the close of bidding.
How much money did these three IPOs raise together?
The three issues collectively raised close to Rs 1,625 crore from the primary market.
Why did Hero Motors list weaker than SS Retail and Jindal Supreme despite being subscribed multiple times?
Listing performance depends on more than subscription volume. Sector sentiment, valuation versus peers, and near-term earnings expectations all play a role, and cooling grey market sentiment ahead of listing had already signalled a muted debut for Hero Motors.
Where can I check live prices for these newly listed stocks?
You can track live prices from today’s newly listed stocks in this IPO listing today report using Univest’s screeners and investment tools.
