Hero Motors IPO Day 3: GMP at 7%; Check subscription status and key details. Should you subscribe?
· economictimes.indiatimes.com
Hero Motors IPO enters its final bidding day with 3.37x subscription by Day 2, led by strong retail demand. The ₹1,000 crore issue is priced at ₹79–₹84, while grey-market premium indicates a potential 7% upside. Funds will support debt repayment, capacity expansion and acquisitions, with analysts highlighting its automotive technology and EV exposure.
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Hero Motors IPO Subscription Status
Retail Individual Investors (RIIs): Showed the highest demand, subscribing 5.02 times their allocated 4.43 cro...