IPO Allotment Status Today: Hero Motors IPO Vs SS Retail IPO Vs Jindal Supreme IPO GMP; Who Will List Strong?

Three major IPOs namely Hero Motors, SS Retail and Jindal Supreme will carry their allotment status on September 21, 2026, after their public offer ended last week. The latest grey market premium (GMP) of these three IPOs signals that SS Retail and Jindal Supreme are likely to list at above 30% premium on stock exchanges. On the other hand, Hero Motors IPO GMP hints at a discounted listing on BSE and NSE.

Hero Motors IPO Allotment Status

Hero Motors will carry its allotment status on September 21, 2026. Investors who bid in the IPO can check their application status on BSE, NSE, and Kfin Technologies.

The company opened its Rs 1,000 crore worth IPO for subscription from September 16th to 18th, at a price band of Rs 79 to Rs 84 per share. Overall, on the last day of the IPO, Hero Motors oversubscribed by 7.01 times with strong demand by NII category, whose portion oversubscribed by 10.47 times, followed by retail category portion which oversubscribed by 8.62 times, however, QIB category portion showed slower demand but fully subscribed by 1.59 times.

SS Retail IPO Allotment Status

Just like Hero Motors, SS Retail is carrying its IPO allotment status on Monday and investors can check their application status on BSE, NSE and Kfin Technologies.

SS Retail's IPO worth Rs 500 crore also opened from September 16th to 18th, at a price band of Rs 403 to Rs 424 per share. On the final day, SS Retail oversubscribed robustly by 107.41 times with QIB category portion oversubscribing by 214.22 times, NII portion oversubscribing by 150.33 times and retail category portion oversubscribing by 35.81 times.

Jindal Supreme IPO Allotment Status

Jindal Supreme is another IPO that opened from September 16th to 18th, at a price band of Rs 88 to Rs 93 per share. Accordingly, Jindal Supreme is carrying its IPO allotment status on September 21, 2026. Investors can also check their application status on BSE, NSE and its registrar Bigshare Services which is different from SS Retail and Hero Motors.

Hero Motors IPO vs SS Retail IPO vs Jindal Supreme IPO Allotment Links

For all three IPOS, BSE and NSE allotment status link will be the same. But for SS Retail and Hero Motors, Kfin Technologies is the registrar.

Here are the links:

BSE IPO Allotment Status:

https://www.bseindia.com/investors/appli_check

NSE IPO Allotment Status:

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Kfin Technologies IPO Allotment Status:

https://ipostatus.kfintech.com/

Bigshare Services IPO Allotment Status:

https://www.bigshareonline.com/ipo_allotment.html

Hero Motors IPO GMP vs SS Retail IPO GMP Vs Jindal Supreme IPO GMP Today

As per Investor Grain, the strongest listing among the three is expected to be SS Retail and Jindal Supreme.

The Jindal Supreme IPO last recorded Grey Market Premium (GMP) is Rs 29, updated on Sep 21, 2026 10:02:05 AM. With an upper price band of Rs 93.00, the estimated listing price for Jindal Supreme IPO is Rs 122 (cap price + today's GMP). The expected percentage gain/loss per share is 31.18%.

Meanwhile, the SS Retail IPO last recorded Grey Market Premium (GMP) is Rs 155, updated on Sep 21, 2026 10:02:06 AM. With an upper price band of Rs 424.00, the estimated listing price for SS Retail IPO is Rs 579 (cap price + today's GMP). The expected percentage gain/loss per share is 36.56%.

On the other hand, Investor Grain GMP tracker reveals that The GMP for Hero Motors IPO indicates a discounted listing. With an upper price band of Rs 84.00, the estimated listing price at current market trends is Rs 82.

Hero Motors IPO Vs SS Retail IPO Vs Jindal Supreme IPO Listing

After the allotment status, all three IPOs will credit equity shares to eligible shareholders or refund amount to those investors who did not get selected on September 22, 2026. Following this, the three companies will list on September 23, 2026, on BSE and NSE.

On Investor Grain, the listing price for Jindal Supreme is estimated to be around Rs 122 compared to issue price of Rs 93. While the listing price is estimated to be around Rs 579 for SS Retail compared to issue price of Rs 424. The Hero Motors IPO listing price is predicted to be around Rs 82 compared to Rs 84 per share IPO price.

On Hero Motors, in its IPO note, analysts at SMC Global Securities highlighted that the interesting part is that Hero Motors does not have a huge profitability advantage to support this premium. Its FY26 EBITDA margin of 13.5% is better than UNO Minda and Varroc Engineering, but below CIE Automotive and Endurance Technologies, and well below Sona BLW. Yet, at 92.7x earnings, Hero Motors is valued at a much higher multiple than all of them.

"This is where the IPO valuation becomes demanding. Investors are effectively paying a premium today for the company's expected earnings growth, EV powertrain opportunities, and improved profitability. The market is waiting for those numbers to catch up with the valuation, they added.

On SS Retail, analysts at Religare Broking said, the company has delivered rising revenue, profitability and margins, although margin expansion has been modest. As the third-largest player among its peers, it has demonstrated better growth while steadily expanding its store network. Its growing number of stores provides a strong platform for future expansion, particularly across emerging markets. Additionally, relatively lower debt-to-equity indicates manageable leverage.

Lastly, on Jindal Supreme, Religare analysts added, the company has demonstrated improving business performance, supported by higher revenue and earnings, although margins have moderated slightly. An expanding dealer network is expected to improve customer reach and strengthen market penetration. Its good regional presence, maintained capacity utilization and overall operational efficiency provide further support to the growth outlook. While the company remains smaller than its peers in terms of scale, its valuation and operating fundamentals support a long-term rating.

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