New Delhi, Sept. 23 -- Hero Motors share price hits 20% upper circuit after making a tepid debut on the bourses on Wednesday, 23 September. The stock opened below its IPO price of Rs.84 per share but saw fresh buying after listing.

Hero Motors share price was trading at Rs.98.40 apiece on the NSE, up 17.14% from its issue price of Rs.84. On the BSE, the stock was quoted at Rs.98.51, representing a 17.27% gain over the IPO issue price.

On the NSE, Hero Motors shares opened at Rs.82, down 2.38% from the issue price. On the BSE, the stock debuted at Rs.82.10, a 2.26% discount to the IPO price. The Rs.1,000-crore Hero Motors IPO was subscribed 6.66 times during the three-day bidding period.

The stock subsequently recovered from its weak de...