Hero Motors Limited IPO Subscription Update: Issue Subscribed 5.44x on Day 3
Information Subscription
The Hero Motors IPO saw strong demand on its final day till 13:54 PM, with investors bidding for 48,20,76,688 shares against 8,86,07,596 shares offered, resulting in an overall subscription of 5.44 times.
The NII category recorded the highest demand at 7.60 times, with bids for around 14,42,79,858 shares against 1,89,87,342 shares reserved. The retail portion was subscribed 7.30x, receiving bids for approximately 32,33,96,808 shares against 4,43,03,798 shares offered.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.57x |
| 2. | Non-Institutional Investors | 7.60x |
| 3. | Retail Individual Investors (RIIs) | 7.30x |
| - | Total | 5.44x |
Hero Motors IPO Overview & Purpose
Hero Motors is raising rupee 1,000 crore through a combination of a rupee 600 crore fresh issue and an Offer for Sale (OFS) of rupee 400 crore. The IPO has a price band of rupee 79–84 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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