Three initial public offerings (IPOs) opened for subscription on September 16, 2026, targeting the automotive, retail, and steel sectors. The companies involved are Hero Motors, SS Retail, and Jindal Supreme. The subscription period for these IPOs will close on September 18, with allotment expected on September 21 and tentative listings scheduled for September 23, according to livemint.com.
The IPOs have attracted investor attention with varying subscription trends and grey market premiums (GMPs). Hero Motors, SS Retail, and Jindal Supreme are each positioned in distinct industries, offering investors options across different market segments. The subscription process involves investors applying for shares during the three-day window, after which the allotment will be finalized and shares listed on stock exchanges.
This wave of IPOs reflects ongoing activity in India's primary market, with companies from diverse sectors seeking capital to fund expansion and operations. The automotive, retail, and steel industries are significant contributors to the Indian economy, and these listings provide investors with opportunities to participate in their growth. The grey market premiums serve as an indicator of investor sentiment and potential listing gains for these offerings.
Allotment for the Hero Motors, SS Retail, and Jindal Supreme IPOs is expected on September 21, with tentative listings on the stock exchanges set for September 23, as reported by livemint.com.