Hero Motors’ ₹1,000-crore IPO was fully subscribed on its opening day on Wednesday, September 16, led by strong retail investor demand. The IPO is open until September 18, with the price band fixed at ₹79-84 per share.
The issue includes a ₹600-crore fresh share sale and ₹400 crore through an offer for sale. Hero Motors plans to use the proceeds partly for debt repayment and capital expenditure. The company makes powertrain and automotive components for global customers and is expanding its electric mobility business.
Its shares are expected to list on September 23.