Indian corporate IPO activities

On September 16, 2026, three mainboard initial public offerings (IPOs) opened for subscription in India, including SS Retail, Jindal Supreme, and Hero Motors. Collectively, the companies aimed to raise approximately ₹1,625 crore. Hero Motors launched the largest offering, seeking ₹1,000 crore through a combination of a fresh issue and an offer for sale.

By September 23, Hero Motors debuted on the NSE and BSE. The shares listed at a discount, opening at ₹82 on the NSE and ₹82.10 on the BSE, which represented a discount of approximately 2.26% to 2.38% from the final issue price of ₹84 per share. The IPO saw a total subscription of 6.66 times, with non-institutional investors leading the subscription at 9.86 times.

Following the initial discount, Hero Motors experienced a significant post-listing rally. By Friday, September 25, the share price hit an intraday high of ₹141.85, representing a nearly 69% increase from its original IPO price. This surge was attributed to strong secondary-market demand, investor optimism regarding the company’s electric vehicle (EV) and powertrain exposure, and a large block deal involving approximately 2.4 crore shares valued at ₹281 crore. Total turnover across the BSE and NSE reached ₹1,435.5 crore on the first day of trading.