Shares of three companies whose initial share sale concluded last week made their debut on the stock market on Wednesday, September 23. These companies include Hero Motors, Jindal Supreme, and SS Retail. Except for Hero Motors, the other two IPOs listed with solid premiums of up to 51 per cent.
Hero Motors Ltd IPO Listing
Hero Motors IPO had a negative listing. Its shares fell Rs 1.90, or 2.26 per cent, to list at Rs 82.10 on the BSE, compared to its IPO price of Rs 84. On the NSE, it opened at Rs 82, down Rs 2, or 2.38%. Earlier, the IPO was subscribed 6.66 times during the bidding period.
Issue Price: Rs 84
BSE Listing Price: Rs 82.10 (Down Rs 1.90 / 2.26%)
NSE Listing Price: Rs 82 (Down Rs 2 / 2.38%)
Subscription Level: 6.66 times
Jindal Supreme IPO Listing
Jindal Supreme share made a bumper listing on stock exchanges, rising Rs 28.90, or 31.08 per cent, to Rs 121.90 on the BSE, compared to its IPO price of Rs 93. On the NSE, it debuted at Rs 120, up 27 rupees, or 29.03 per cent. The IPO was subscribed 177.03 times.
Issue Price: Rs 93
BSE Listing Price: Rs 121.90 (Up Rs 28.90 / 31.08 per cent)
NSE Listing Price: Rs 120 (Up Rs 27 / 29.03 per cent)
Subscription Level: 177.03 times
SS Retail IPO Listing
SS Retail was the biggest gainer among the three, listing at a premium of 50.73 per cent to Rs 639.10 on the BSE, up Rs 215.10 over its IPO price of Rs 424. On the NSE, it debuted at Rs 624, up 200 rupees, or 47.17 per cent. The IPO was subscribed 107.41 times.
Issue Price: Rs 424
BSE Listing Price: Rs 639.10 (Up Rs 215.10 / 50.73 per cent)
NSE Listing Price: Rs 624 (Up Rs 200 / 47.17 per cent)
Subscription Level: 107.41 times