Hero Motors Limited IPO Subscription Update: Issue Subscribed 3.37x on Day 2
On the second day, Hero Motors Limited received bids for 16,70,530 shares against 2,53,16,456 shares available for subscription, according to NSE data. The retail investor category was subscribed 5.02, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 3.90 and 0.07 bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.07x |
| 2. | Non-Institutional Investors | 3.90x |
| 3. | Retail Individual Investors (RIIs) | 5.02x |
| - | Total | 3.36x |
Hero Motors IPO Overview & Purpose
Hero Motors is raising Rs 1,000 crore through a combination of a Rs 600 crore fresh issue and an Offer for Sale (OFS) of Rs 400 crore. The IPO has a price band of Rs 79-Rs 84 per share, with a lot size of 178 shares. The company plans to use the fresh issue proceeds for business requirements and strengthening its capital base. The IPO opened on September 16, 2026, and will close on September 18, 2026.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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