SS Retail vs Hero Motors vs Jindal Supreme IPO: Which Should You Apply To?

SS Retail, Hero Motors, and Jindal Supreme are three IPOs closing on September 18, 2026. Each company operates in different sectors, presenting unique investment considerations for retail investors.

Side-by-Side Comparison

GMP Comparison

SS Retail shows a strong grey market premium (GMP) of ₹147, translating to a 34.67% premium. In contrast, Jindal Supreme has a GMP of ₹29, or 31.18%. Hero Motors, however, has a negative GMP of -₹2, indicating less favorable market sentiment.

Subscription Demand

In terms of subscription demand, Jindal Supreme leads with a total subscription of 177.03 times, followed by SS Retail at 107.41 times. Hero Motors lags significantly with a total subscription of just 7.01 times.

Sector Overview

SS Retail operates in the diversified retail sector, focusing on mobile phones and accessories, and is the largest mobile phone retail chain in West India. Hero Motors is in the auto components sector, specializing in powertrain solutions for various mobility applications. Jindal Supreme operates in the iron and steel products sector, manufacturing essential products for multiple industries.

Issue Size

SS Retail has an issue size of ₹500 crore, while Hero Motors has a larger issue size of ₹1000 crore. Jindal Supreme's issue size is comparatively smaller at ₹124.88 crore.

Business Fundamentals

SS Retail has a robust operational track record with a diverse product mix and efficient store operations, making it the largest in its segment. Hero Motors, while having a global operational footprint, lacks specific strengths and weaknesses outlined in the provided data. Jindal Supreme specializes in manufacturing steel products critical for infrastructure and construction, although no specific strengths or weaknesses were mentioned.

Disclaimer: This is an objective comparison of publicly available IPO data, not investment advice or a personal recommendation to apply for any specific IPO. GMP is unofficial and unregulated. TopFund is not a SEBI-registered investment adviser — please do your own research or consult a qualified adviser before applying.