Hero Motors IPO GMP jumps 23% on Day 1; check key dates, review, subscription. Should you apply or skip?
New Delhi, Sept. 16 -- The Hero Motors IPO will open for subscription on Wednesday, 16 September, and will close on Friday, 18 September. The Hero Motors IPO price band has been set at Rs.79- Rs.84 per equity share, with a face value of Rs.10 per share. The Hero Motors IPO IPO lot size is 178 equity shares, and bids can be placed in multiples of 178 shares thereafter. Hero Motors IPO subscription for the public issue will open at 10:00 IST on Wednesday during the deals.
Hero Motors IPO GMP today is +19. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Hero Motors share price was indicated at Rs.103 apiece, which is 22.62% higher than the IPO price of Rs.84.
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