Hero Motors IPO: Fully subscribed on day one, GMP positive | Will you bid?

This week Hero Motors IPO is the second most high-profile public issue after the mega NSE IPO. The issue was subscribed 1.48 times with 2.38 times bids in the retail category. The GMP of the issue is running positive.

Kolkata: The Hero Motors IPO has been subscribed 1.48 times overall in its first day of bidding, September 16. The public issue was subscribed 2.38 times in the retail category, 0.01 times in QIB (Ex Anchor) category and 1.33 times in the NII category. Hero Motors IPO is a book build issue designed to mobilise Rs 1,000.00 crore through a combination of fresh issue of 7.14 crore shares aggregating to Rs 600.00 crores and offer for sale of 4.76 crore share aggregating to Rs 400.00 crore.

According to investorgain, Hero Motors........

© News9Live