Hero Motors Limited
Hero Motors, incorporated in 1998, designs and makes powertrain solutions for automotive OEMs in the United States, Europe, India and ASEAN, counting BMW and Ducati among its customers. The offer is a fresh issue of up to ₹6,000.00 million and an offer for sale, repaying borrowings and expanding a plant.
- Price band. The range of prices, per share, within which bids are taken in a book-built IPO. The final issue price is set inside it after bidding closes. Learn more ₹ per share
- ₹84
- Listing price ₹ per share
- ₹82
- NSE open, 23 Sep
- Listing gain. The opening price on listing day against the issue price, in rupees and per cent. Learn more %
- −2.4%
- −₹2 per share
- Current market price. We take the price from the exchange every 5 minutes while the market is open (9:15 to 3:30 IST), and again after the close at 3:45 and 4:00. Outside those hours you are seeing the last reading. Learn more ₹ per share
- ₹155.71
- 12 Oct, 15:30 IST
- Gain to date % on IPO price
- +85.4%
- GMP. Grey market premium. The premium over the issue price at which unlisted IPO shares change hands in the unofficial grey market. It is unofficial and unregulated. Learn more ₹ per share
- −₹3
- −3.6% of IPO price
Timeline
- Tue 15 SepAnchor bidding
- Wed 16 SepBidding opens
- Fri 18 SepBidding closes, 5 PM IST
- Mon 21 SepAllotment
- Tue 22 SepRefunds
- Tue 22 SepShares in demat
- Wed 23 SepListing
Grey market premium (GMP)
−₹3 per share
−3.6% of the issue price
The last reading before listing, 22 Sep, 16:30 IST. Grey market figures (GMP) are unofficial and unverified.
| Recorded | GMP ₹ |
|---|---|
| 22 Sep, 16:30 IST | −₹3 |
| 19 Sep, 16:00 IST | −₹2 |
| 18 Sep, 16:00 IST | ₹1 |
| 18 Sep, 14:45 IST | ₹4 |
| 18 Sep, 14:30 IST | ₹3 |
| 18 Sep, 14:00 IST | ₹4 |
| 18 Sep, 12:00 IST | ₹3 |
| 18 Sep, 11:45 IST | ₹4 |
Subscription
| Category | Subscribed × |
|---|---|
| QIB. Qualified institutional buyers: mutual funds, banks, insurers and registered foreign investors. Usually up to 50% of a mainboard book-built issue. Learn more | 1.49× |
| HNI / NII. Non-institutional investors: individuals and others bidding above ₹2 lakh. Split into small (₹2–10 lakh) and big (above ₹10 lakh). Learn more | 9.86× |
| Big HNI (above ₹10L) | 8.11× |
| Small HNI (₹2–10L) | 13.36× |
| Retail. Individual investors bidding up to ₹2 lakh in one IPO. Learn more | 8.23× |
| Total | 6.66× |
As of 18 Sep, 18:00 IST, from the exchange.
Issue details
- Lists on
- NSE and BSE
- Fresh issue
- ₹600 crore, money to the company
- Offer for Sale
- ₹400 crore, money to selling holders
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- ICICI Securities Limited, DAM Capital Advisors Limited, JM Financial Limited
- Symbol
- HEROMOTORS
- Promoter holding
- 84.67% before
What the money is for
- Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by our Company
- Capital expenditure of our Company through purchase of equipment required for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Grey market figures are unofficial and unverified. Nothing here is investment advice. Verify with official sources. Full disclaimer.