Business · India Bureau
SS Retail, Jindal Supreme set for strong listing gains; Hero Motors underwhelms
Market observers expect SS Retail and Jindal Supreme to deliver significant listing day gains following their initial public offering subscription periods, while Hero Motors shows subdued investor appetite ahead of dual exchange debuts.
LSN India ·
SS Retail and Jindal Supreme appear poised for robust listing day performance, with grey market premiums suggesting potential gains of around 30 percent when shares commence trading on the BSE and NSE. The two companies concluded their subscription windows on September 18, following the three-day bidding period that commenced on September 16.
The strong grey market sentiment for both SS Retail and Jindal Supreme reflects robust demand from institutional and retail investors during their respective subscription phases. Grey market premiums, which serve as unofficial indicators of expected listing gains, have positioned both issues favorably ahead of their scheduled debuts.
In contrast, Hero Motors has generated considerably less enthusiasm among investors, with grey market premiums remaining subdued relative to the other two listings. The company concluded its subscription window alongside SS Retail and Jindal Supreme, also preparing for simultaneous listing on both national exchanges.
The three IPOs represented a notable batch of capital market activity during mid-September, testing investor appetite across multiple sectors. Listing performance of all three companies will provide insights into broader market sentiment and investor risk appetite in the current economic environment.