Investors are bracing for the debut of SS Retail as the company prepares to list its shares on the bourses today. Following a successful initial public offering, the sentiment remains bullish, with current grey market premiums suggesting a potential 35% surge over the issue price.
The company’s Rs 500 crore IPO saw strong participation, balancing a fresh equity issuance worth Rs 360 crore with an offer for sale amounting to Rs 140 crore. The final pricing was solidified at Rs 424 per share, the upper limit of the previously announced band.
Market analysts are closely watching the opening session to see if the listing will hold its premium. With a lot size of 35 shares, successful applicants are anticipating a profitable start to their holdings as trading begins.
