Hero Motors, SS Retail, Jindal Supreme shares surge up to 105% in 3 days over IPO prices
Hero Motors made a weak debut, listing at Rs 82.10, a 2.26 per cent discount to its initial public offering (IPO) price of Rs 84. The stock recovered after listing and continued its upward move on Friday, surging 20 per cent to hit a day's high of Rs 141.85 on BSE. At this level, the scrip was trading 68.87 per cent above its issue price.
- Sep 25, 2026,
- Updated Sep 25, 2026 12:32 PM IST
Shares of Hero Motors Ltd, SS Retail Ltd and Jindal Supreme (India) Ltd extended their post-listing gains for the third straight session on Friday, with the three stocks rising as much as 105 per cent from their respective issue prices. The stocks made their stock market debut on Wednesday, September 23.
Hero Motors made a weak debut, listing at Rs 82.10, a 2.26 per cent discount to its initial public offering (IPO) price of Rs 84. The stock recovered after listing and continued its upward move on Friday, surging 20 per cent to hit a day's high of Rs 141.85 on BSE. At this level, the scrip was trading 68.87 per cent above its issue price.
SS Retail, on the other hand, staged a strong debut, listing at Rs 639.10 on BSE, a premium of 50.73 per cent over its IPO price of Rs 424. The stock climbed 7.11 per cent on Friday to hit a high of Rs 870. At this level, the stock has delivered multibagger returns, gaining 105.19 per cent over the issue price.
Jindal Supreme also made a positive market debut, listing at Rs 121.90, up 31.08 per cent from its issue price of Rs 93. The stock climbed another 5 per cent on Friday to hit a high of Rs 141.09. With this, it traded 51.71 per cent higher than its IPO price.
Kranthi Bathini, Equity Strategist at WealthMills Securities, said, "Those who have invested for listing-day gains can consider booking some profits in these market debutants. For any serious investment, investors should monitor the company's results for a couple of quarters, along with management commentary."
On SS Retail, Ravi Singh, Chief Research Officer at Master Capital Services, said, "Long-term investors may still find the underlying business relevant, with growth in organised retail, changing consumer preferences and expansion of the company's retail presence potentially supporting growth over the coming years. The key factor to consider is whether the company can convert this market opportunity into sustained revenue and earnings growth. The practical approach is to track business execution rather than focus only on the listing performance. Whether the current valuation becomes easier to justify in the future will depend on quarterly revenue growth, same-store sales, margins, store expansion and cash-flow generation."
On Jindal Supreme, Singh said, "In the short term, investors may focus on the company's revenue growth, order execution and ability to maintain profitability amid business expansion, while long-term investors may track capacity expansion, order-book growth and its presence in the steel and related products market. Upcoming results could provide further visibility on capacity utilisation, margin stability and cash-flow generation."
On Hero Motors, Singh said, "The electric-drive motor market is also expected to grow at 28-32 per cent CAGR through CY31. For Hero Motors, fresh investments from investors might wait for price stability. The outlook will depend on the Company’s ability to sustain growth, improve profitability and cash generation."
Shares of Hero Motors Ltd, SS Retail Ltd and Jindal Supreme (India) Ltd extended their post-listing gains for the third straight session on Friday, with the three stocks rising as much as 105 per cent from their respective issue prices. The stocks made their stock market debut on Wednesday, September 23.
Hero Motors made a weak debut, listing at Rs 82.10, a 2.26 per cent discount to its initial public offering (IPO) price of Rs 84. The stock recovered after listing and continued its upward move on Friday, surging 20 per cent to hit a day's high of Rs 141.85 on BSE. At this level, the scrip was trading 68.87 per cent above its issue price.
SS Retail, on the other hand, staged a strong debut, listing at Rs 639.10 on BSE, a premium of 50.73 per cent over its IPO price of Rs 424. The stock climbed 7.11 per cent on Friday to hit a high of Rs 870. At this level, the stock has delivered multibagger returns, gaining 105.19 per cent over the issue price.
Jindal Supreme also made a positive market debut, listing at Rs 121.90, up 31.08 per cent from its issue price of Rs 93. The stock climbed another 5 per cent on Friday to hit a high of Rs 141.09. With this, it traded 51.71 per cent higher than its IPO price.
Kranthi Bathini, Equity Strategist at WealthMills Securities, said, "Those who have invested for listing-day gains can consider booking some profits in these market debutants. For any serious investment, investors should monitor the company's results for a couple of quarters, along with management commentary."
On SS Retail, Ravi Singh, Chief Research Officer at Master Capital Services, said, "Long-term investors may still find the underlying business relevant, with growth in organised retail, changing consumer preferences and expansion of the company's retail presence potentially supporting growth over the coming years. The key factor to consider is whether the company can convert this market opportunity into sustained revenue and earnings growth. The practical approach is to track business execution rather than focus only on the listing performance. Whether the current valuation becomes easier to justify in the future will depend on quarterly revenue growth, same-store sales, margins, store expansion and cash-flow generation."
On Jindal Supreme, Singh said, "In the short term, investors may focus on the company's revenue growth, order execution and ability to maintain profitability amid business expansion, while long-term investors may track capacity expansion, order-book growth and its presence in the steel and related products market. Upcoming results could provide further visibility on capacity utilisation, margin stability and cash-flow generation."
On Hero Motors, Singh said, "The electric-drive motor market is also expected to grow at 28-32 per cent CAGR through CY31. For Hero Motors, fresh investments from investors might wait for price stability. The outlook will depend on the Company’s ability to sustain growth, improve profitability and cash generation."