Hero Motors IPO Subscription Status Day 2: Issue Subscribed 3.58 Times

Authored By HDFC SKY | Published at: Sep 17, 2026 06:36 PM IST

Hero Motors IPO Day 2 subscription reached 3.58x overall, with Retail at 5.34x, NII at 4.14x and QIB at 0.07x as of September 17, 2026.

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Mumbai, September 17: The Hero Motors IPO saw bidding pick up on the second day of the issue, with the overall subscription reaching 3.58 times by the reported time. The ₹1,000 crore 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. The Hero Motors IPO was subscribed 3.58 times overall by 5:07:59 PM on September 17, 2026, based on the shares offered across investor categories.

The Retail category recorded a subscription of 5.34 times, while the NII segment was subscribed 4.14 times. The QIB portion, excluding the anchor allocation, stood at 0.07 times.

Hero Motors IPO Day 2 Subscription Status

Investor Category	Subscription
QIB	0.07x
NII/HNI	4.14x
Retail	5.34x
Total	3.58x

Category-wise Hero Motors IPO Subscription Status

The NII segment recorded a subscription of 4.14 times on Day 2. Within this category, the small NII segment, covering applications below ₹10 lakh, was subscribed 6.87 times, while the big NII segment, covering applications above ₹10 lakh, recorded subscription of 2.78 times.

Retail investors bid for 5.34 times the shares reserved for the category. The QIB portion, excluding anchors, stood at 0.07 times by the reported time.

Category	Day 2 Subscription
QIB, excluding anchor	0.07x
NII	4.14x
bNII, above ₹10 lakh	2.78x
sNII, below ₹10 lakh	6.87x
Retail	5.34x
Total	3.58x

Hero Motors Day-Wise Subscription Summary

The IPO ended its first day with an overall subscription of 1.48 times. On Day 2, the subscription figure moved up to 3.58 times by 5:07:59 PM on September 17.

IPO Day	QIB	NII	Retail	Total
Day 1, September 16	0.01x	1.33x	2.38x	1.48x
Day 2, September 17	0.07x	4.14x	5.34x	3.58x

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 its 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 aggregating to ₹400 crore.

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

The issue has allocated 50% of the total issue size to QIBs, 15% to NIIs and 35% to Retail investors. The QIB portion includes a 30% anchor allocation, while 20% of the total issue is reserved for QIBs excluding anchors.

ICICI Securities Ltd. is the book running lead manager, while KFin Technologies Ltd. is the registrar to the issue. The shares are proposed to be listed on the BSE and NSE. The IPO is scheduled to close on September 18 2026, with the tentative listing date set for September 23 2026.

Source:

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

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