Hero Motors IPO Subscription Status Day 3: Issue Subscribed 7.01 Times

Authored By HDFC SKY | Published at: Sep 18, 2026 05:51 PM IST

Hero Motors IPO Day 3 subscription stood at 7.01 times, with Retail at 8.62x, NII at 10.47x and QIB (Ex Anchor) at 1.59x as of September 18, 2026.

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Mumbai, September 18: Hero Motors IPO entered its third and final day of bidding on September 18, 2026. The bookbuilding issue opened on September 16 and is scheduled to close on September 18. The ₹1,000 crore issue comprises a fresh issue of 7.14 crore shares aggregating up to ₹600 crore and an offer for sale of 4.76 crore shares aggregating up to ₹400 crore. The price band has been fixed at ₹79 to ₹84 per share. The lot size is 178 shares, with retail investors required to apply for a minimum of one lot. At the upper price band, the minimum investment is ₹14,952.

Hero Motors IPO Day 3 Subscription Status

Hero Motors IPO was subscribed 7.01 times by 4:05:51 PM on September 18, 2026, according to the subscription data available on Day 3.

Subscription Category	Subscription
Total	7.01x
Retail	8.62x
NII/HNI	10.47x
QIB (Ex Anchor)	1.59x
Anchor Investor	1.00x

The issue received bids for 58,39,03,190 shares against 8,33,33,334 shares offered for subscription, excluding the anchor portion.

Category-wise Hero Motors IPO Subscription Status

Category	Shares Offered	Shares Bid For	Subscription
Anchor Investor	3,57,14,284	3,57,14,284	1.00x
QIB (Ex Anchor)	2,38,09,525	3,77,55,046	1.59x
NII/HNI	1,78,57,143	18,69,46,636	10.47x
bNII (>₹10L)	1,19,04,762	10,26,02,048	8.62x
sNII (<₹10L)	59,52,381	8,43,44,588	14.17x
Retail	4,16,66,666	35,92,01,508	8.62x
Total	8,33,33,334	58,39,03,190	7.01x

The subscription figures are calculated using the upper price of the issue price range. The anchor investor portion is not included in the total number of shares offered for subscription.

Hero Motors Day-wise Subscription Summary

The overall subscription stood at 1.48x on Day 1 and 3.58x on Day 2 before reaching 7.01x on Day 3.

Date	QIB (Ex Anchor)	NII	NII (>₹10L)	NII (<₹10L)	Retail	Total
September 16, 2026 (Day 1)	0.01x	1.32x	0.76x	2.46x	2.38x	1.48x
September 17, 2026 (Day 2)	0.07x	4.14x	2.78x	6.87x	5.34x	3.58x
September 18, 2026 (Day 3)	1.59x	10.47x	8.62x	14.17x	8.62x	7.01x

Hero Motors IPO Timeline

IPO Milestone	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 Hero Motors IPO

Hero Motors IPO is a ₹1,000 crore bookbuilding issue comprising a fresh issue of 7.14 crore shares aggregating up to ₹600 crore and an offer for sale of 4.76 crore shares aggregating up to ₹400 crore.

The price band is ₹79 to ₹84 per share, with a lot size of 178 shares. The minimum retail application is one lot, or 178 shares, amounting to ₹14,952 at the upper price band.

The IPO is scheduled to list on both the BSE and NSE, with the tentative listing date set for September 23, 2026. ICICI Securities Ltd. is the book running lead manager, while Kfin Technologies Ltd. is the registrar to the issue.

Source:

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

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