Jindal Supreme India, SS Retail, Hero Motors IPOs close today; Jindal leads IPO rush
Jindal Supreme India IPO subscribed 117.69 times
The IPOs of Jindal Supreme India, SS Retail and Hero Motors closed for subscription today, with strong demand for all three issues. Jindal Supreme India saw the highest subscription at 117.69 times, followed by SS Retail at 44.79 times and Hero Motors at 5.68 times. Jindal Supreme India's QIB portion was subscribed at 28.47 times, with NII and retail portions at 245.62 times and 113.84 times, respectively.
SS Retail's QIB portion was subscribed at 41.02 times, NII at 100.82 times, retail at 26.14 times, and employee portion at 1.94 times. Hero Motors' QIB portion was subscribed at 0.81 times, while NII and retail portions were at 8.00 and 7.48 times. Jindal Supreme India's IPO had a price band of ₹88-93 per share, with a total issue size of about ₹124.88 crore.
The proceeds from the fresh issue will be used for debt repayment and general corporate purposes. SS Retail's IPO is a ₹500-crore book-built issue, while Hero Motors' IPO is worth ₹1,000 crore. Shares of Hero Motors are scheduled to list on September 23.
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