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Hero Motors Shares Debut Below Issue Price, Disappointing Investors
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CNBC TV18•23-09-2026, 10:01
Hero Motors Shares Debut Below Issue Price, Disappointing Investors
- •Hero Motors Ltd. shares made a subdued debut on the bourses, listing at ’82 per share, marginally below its IPO price of ’84.
- •The Grey Market Rates had predicted a listing at a discount of ’2 to ’3 below the issue price.
- •The ’1,000 crore IPO of Hero Motors was subscribed 6.66 times, with strong interest from non-institutional and retail investors.
- •Hero Motors is an automotive technology company providing engineering powertrain solutions to OEMs globally, including BMW and Ducati.
- •Proceeds from the IPO will be used for debt repayment, capital expenditure, and general corporate purposes.
Key Questions Answered
Hero Motors shares made a subdued debut on the bourses, beginning trade at ₹82 per share, which was marginally lower than its IPO price of ₹84.
The ₹1,000 crore IPO of Hero Motors was subscribed 6.66 times the total shares on offer during the three days of bidding.
Hero Motors stated that ₹190 crore of the fresh issue proceeds will be used for the repayment, pre-payment, and redemption of existing debt, while ₹200 crore will be allocated for capital expenditure and general corporate purposes.
