SS Retail IPO
SS Retail IPO is a mainboard IPO raising ₹500 Cr at ₹403 – ₹424 a share. It listed on 23 Sept 2026 at ₹624, +47.2% against its issue price of ₹424, and trades at ₹658 today (+55.3% since issue). It was subscribed 103× in total.
103.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 24,21,834 | 49,30,99,775 | 204× |
| Foreign Institutional Investors | no separate quota | 12,33,73,880 | n/a |
| Domestic Financial Institutions | no separate quota | 21,51,20,955 | n/a |
| Mutual funds | no separate quota | 3,71,31,955 | n/a |
| Others | no separate quota | 11,74,72,985 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 18,16,377 | 26,03,27,515 | 143× |
| Non Institutional Investors | 12,10,918 | 18,99,79,440 | 157× |
| Corporates | no separate quota | 19,36,375 | n/a |
| Individuals | no separate quota | 18,22,57,810 | n/a |
| Others | no separate quota | 57,85,255 | n/a |
| Non Institutional Investors | 6,05,459 | 7,03,48,075 | 116× |
| Corporates | no separate quota | 2,17,910 | n/a |
| Individuals | no separate quota | 6,82,99,350 | n/a |
| Others | no separate quota | 18,30,815 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 42,38,213 | 15,41,18,475 | 36× |
| Cut Off | no separate quota | 13,49,53,350 | n/a |
| Price bids | no separate quota | 1,91,65,125 | n/a |
| Employees | 3,17,460 | 8,53,230 | 2.69× |
| Cut Off | no separate quota | 6,30,980 | n/a |
| Price Bids | no separate quota | 2,22,250 | n/a |
| Total | 87,93,884 | 90,83,98,995 | 103× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 19 Sept, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 15% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.25 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.