Hero Motors IPO Subscription Status Day 1: Issue Subscribed 1.48 Times

Authored By HDFC SKY | Published at: Sep 16, 2026 06:25 PM IST

Hero Motors IPO Day 1 subscription reached 1.48x overall, with Retail at 2.38x, NII at 1.33x and QIB at 0.01x as of September 16, 2026.

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Mumbai, September 16: The Hero Motors IPO received bids on the opening day of the issue, with the ₹1,000 crore offering getting subscribed 1.48 times by the evening of September 16, 2026. The IPO comprises a fresh issue of ₹600 crore and an offer for sale of ₹400 crore.

The issue opened for subscription on September 16 and will close on September 18, 2026. The price band has been fixed at ₹79 to ₹84 per share, while the lot size is 178 shares.

Hero Motors IPO Day 1 Subscription Status

The Hero Motors IPO was subscribed 1.48 times overall by 5:08:34 PM on September 16, 2026, based on the shares offered across investor categories.

The Retail category recorded a subscription of 2.38 times, while the NII segment was subscribed 1.33 times. The QIB portion, excluding the anchor allocation, stood at 0.01 times.

Investor Category	Subscription
QIB	0.01x
NII/HNI	1.33x
Retail	2.38x
Total	1.48x

Category-wise Hero Motors IPO Subscription Status

Bidding in the NII segment varied across its two sub-categories. The portion for applications below ₹10 lakh was subscribed 2.46 times, while applications above ₹10 lakh recorded a subscription of 0.76 times.

Category	Day 1 Subscription
QIB, excluding anchor	0.01x
NII	1.33x
bNII, above ₹10 lakh	0.76x
sNII, below ₹10 lakh	2.46x
Retail	2.38x
Total	1.48x

Hero Motors Day-Wise Subscription Summary

The IPO recorded an overall subscription of 1.48 times on its opening day. Retail investors subscribed 2.38 times, followed by the NII category at 1.33 times. The QIB portion, excluding the anchor allocation, was subscribed 0.01 times.

IPO Day	QIB	NII	Retail	Total
Day 1, September 16	0.01x	1.33x	2.38x	1.48x

Hero Motors IPO Timeline

IPO Event	Date
Issue Open Date	September 16 2026
Issue Close Date	September 18 2026
Basis of Allotment Date	September 21 2026
Initiation of Refunds	September 22 2026
Credit of Shares	September 22 2026
Listing Date	September 23 2026

Brief Overview Of The IPO

Hero Motors is raising ₹1,000 crore through the IPO. The issue comprises a fresh issue of 7.14 crore shares aggregating to ₹600 crore and an offer for sale of 4.76 crore shares worth ₹400 crore.

The price band has been fixed at ₹79 to ₹84 per share, with a lot size of 178 shares. For retail investors, the minimum application at the upper end of the price band amounts to ₹14,952.

The IPO is scheduled to close on September 18, 2026, with the shares proposed to list on BSE and NSE on September 23, 2026. ICICI Securities Ltd. is the book running lead manager, while KFin Technologies Ltd. is the registrar.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=HEROMOTORS&series=EQ&type=Active

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