India, Sept. 17 -- The initial public offer of auto parts maker Hero Motors Ltd was fully subscribed on the first day of bidding on Wednesday. The Rs 1,000-crore IPO received bids for 9,75,33,498 shares against 8,86,07,596 shares on offer, registering 1.10 times subscription, according to NSE data till 14:42 hours. The retail investors' category was subscribed 1.83 times, while the quota for non-institutional investors received 86 per cent subscription. The portion for qualified institutional buyers (QIBs) was subscribed 1 per cent. Hero Motors Ltd on Tuesday garnered nearly '300 crore from anchor investors.

The company has fixed a price band of Rs 79-84 per equity share for its Rs 1,000-crore IPO, which will remain open for subscription...