Mumbai, Sept. 21 -- Hero Motors received bids for 58,97,26,638 shares as against 8,86,07,596 shares on offer. The issue was subscribed 6.66 times.

The qualified institutional buyers' (QIB) portion was subscribed 1.49 times, while the non-institutional investors' (NII) category was subscribed 9.86 times. The retail individual investors' (RII) segment was subscribed 8.23 times.

The issue opened for bidding on 16 September 2026 and closed on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share.

The IPO comprised a fresh issue of equity shares worth up to Rs 600 crore and an offer aggregating up to Rs 400 crore by O P Munjal Holdings and Hero Cycle.

As of July 31, 2026, Hero Motors had total outstanding bor...