3 IPOs List Today: SS Retail Surges 51%, Jindal Supreme Rises 31%, Hero Motors Opens at Discount

Three companies — Hero Motors, Jindal Supreme (India) and SS Retail — made their stock market debut on Wednesday, September 23, 2026, following their initial public offerings. The three stocks delivered sharply different performances on the NSE and BSE, with SS Retail recording the strongest listing gain, followed by Jindal Supreme, while Hero Motors opened below its IPO issue price.

SS Retail shares listed at a premium of more than 50% on the BSE, while Jindal Supreme gained more than 31%. Hero Motors, meanwhile, made a discounted debut of around 2% against its issue price.

SS Retail IPO Listing: Shares Jump 51% on BSE

SS Retail delivered the strongest debut among the three IPOs.

The company had fixed its IPO issue price at ₹424 per share. On the BSE, SS Retail shares opened at ₹639.10, representing a gain of ₹215.10 or 50.73% over the issue price.

On the NSE, the stock opened at ₹624, translating into a premium of ₹200 or 47.17%.

The SS Retail IPO had received strong investor demand during the subscription period. The latest exchange-data-based reports put the overall subscription at 103.30 times.

Following its debut, SS Retail continued to trade above its issue price during the initial session.

Jindal Supreme IPO Listing: Shares Gain 31%

Jindal Supreme (India) also made a strong debut on the stock exchanges.

Against an IPO issue price of ₹93 per share, the stock opened at ₹121.90 on the BSE, registering a gain of ₹28.90 or 31.08%.

On the NSE, Jindal Supreme opened at ₹120, marking a rise of ₹27 or 29.03% from the issue price.

The IPO attracted exceptionally strong demand. According to the latest exchange-data-based reports, the issue was subscribed 181.07 times overall. The NII portion was subscribed 327.99 times, while the QIB and retail portions were subscribed 126.41 times and 149.34 times, respectively.

Hero Motors IPO Listing: Shares Open Below Issue Price

Hero Motors had a comparatively weaker debut.

The company had set its IPO issue price at ₹84 per share. On the BSE, Hero Motors opened at ₹82.10, down ₹1.90 or 2.26% from the issue price.

On the NSE, the shares opened at ₹82, representing a decline of ₹2 or 2.38%.

The Hero Motors IPO was subscribed 6.66 times overall during the bidding period. The retail portion was subscribed 8.23 times, while the NII category received 9.86 times subscription and the QIB portion was subscribed 1.49 times.

How Much Did the Three IPOs Raise?

The three IPOs collectively raised approximately ₹1,625 crore from investors. All three issues opened for subscription between September 16 and September 18 before making their stock market debut on September 23.

Hero Motors raised around ₹1,000 crore, while Jindal Supreme and SS Retail raised approximately ₹125 crore and ₹500 crore, respectively.

What Do the IPO Listings Mean for Investors?

The first-day listing price shows how the market valued each stock relative to its IPO issue price, but a listing gain should not automatically be treated as a guaranteed or realised profit for every investor.

The actual return for an investor depends on the allotment, purchase or sale price, brokerage and other charges, taxes, and subsequent market movements.

Investors should also distinguish between IPO listing gains and longer-term stock performance. A strong debut does not by itself indicate how a stock will perform in the following trading sessions.