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The Economic Times
The Economic Times
Kumar Gaurav

SS Retail IPO Day 3: Issue subscribed 14.45 times; GMP signals to 32% potential listing premium

GMP SS Retail IPO NSE

The SS Retail IPO enters its final day of bidding on September 18, drawing strong investor interest. The issue has been subscribed 14.45 times so far, against the 87.93 lakh shares on offer. In the grey market, the IPO’s premium (GMP) of Rs 137 per share indicates a potential listing gain of around 32% over the upper end of the price band.

The Rs 500-crore book-built IPO comprises a fresh issue of 85.08 lakh shares aggregating to Rs 360 crore, along with an offer for sale (OFS) of 33.02 lakh shares worth Rs 140 crore.

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