Market Bizzz

Hero Motors IPO enters its final bidding day with 3.37x subscription by Day 2, led by strong retail demand. The ₹1,000 crore issue is priced at ₹79–₹84, while grey-market premium indicates a potential 7% upside. Funds will support debt repayment, capacity expansion and acquisitions, with analysts highlighting its automotive technology and EV exposure.

Sonaselection India IPO enters Day 2 with 47% subscription on the opening day, led by retail investors. The Rs 141.57-crore issue, priced at Rs 94–99 per share, is open until September 21, with shares set to list on September 24.

The Rs 141.57-crore public issue will remain open for subscription until September 21, 2026. The book-built issue comprises entirely of a fresh issue of 1.43 crore equity shares, with no offer-for-sale (OFS) component.

The Rs 414 crore IPO comprised a fresh issue of Rs 353 crore and an Offer for Sale (OFS) of Rs 61 crore. The company had set the IPO price band at Rs 77–Rs 81 per equity share.

The IPO, which opened for subscription on September 9, 2026, and closed on September 11, 2026, received an overwhelming response, with the issue subscribed 66.01 times overall.

Glass Wall Systems is set to debut on the NSE and BSE on September 16, with its shares commanding a 23% grey market premium over the IPO price. The Rs 427.89 crore issue was subscribed 81.65 times overall.

The Rs 550 crore public issue was priced at Rs 676 per share. The offering comprised a fresh issue of 11.83 lakh shares worth Rs 80 crore and an offer for sale (OFS) of 62.13 lakh shares aggregating to Rs 420 crore.

The strong grey market sentiment comes on the back of overwhelming investor demand for the public issue. The IPO was subscribed 90.59 times overall, with the retail portion booked 20.51 times. The non-institutional investor (NII) category saw subscription of 87.74 times, while the qualified institutional buyer (QIB) portion was subscribed a staggering 215.37 times.

The National Stock Exchange’s upcoming IPO will significantly boost India’s primary market. This listing is expected to cause a major decline in the booming unlisted shares trade. Platforms facilitating these transactions must now find new investment opportunities. Wealthy individuals and funds previously bet on companies in the listing pipeline. The unlisted market saw growth with companies like Sterlite Electric and Garuda Aerospace.

The Rs 351.03-crore public issue was priced in the range of Rs 118–Rs 124 per share. At the upper end of the price band, the issue price stood at Rs 124 per share.