Archive · 23 Sep 2026
Hero Motors Lists at 2.38% Discount After IPO
Hero Motors is a company that makes important parts for vehicles.
These parts are used in electric and non-electric vehicles.
The company sold shares to the public through an IPO.
Its shares were offered at Rs 84 each.
When trading began, the shares opened at Rs 82, which was slightly lower.
Investors had applied for many more shares than were available.
Anand Rathi said the company could be attractive for long-term investors.
Hero Motors works with vehicle makers and has operations in India, the United Kingdom and Thailand.
Hero Motors listed at Rs 82 per share, 2.38% below its Rs 84 issue price.
The company’s Rs 1,000 crore IPO was subscribed 7.01 times overall.
Retail investors subscribed 8.62 times, while QIBs subscribed 1.59 times and NIIs 10.47 times.
Hero Motors develops powertrain systems and components for automotive original equipment manufacturers across several regions.
Anand Rathi recommended subscribing for the long term, citing the company’s engineering capabilities and global operations.
- Who
- Hero Motors, an automotive technology company, and investors in its IPO.
- What
- Hero Motors shares began trading at Rs 82, a 2.38% discount to the Rs 84 issue price.
- When
- This morning, according to the article.
- Where
- On D’Street; the company has facilities in India, the United Kingdom and Thailand.
- Why
- The company listed after completing a Rs 1,000 crore IPO comprising fresh issuance and an offer for sale.
- Listing price
- Rs 82 per share
- Issue price
- Rs 84 per share
- Listing discount
- 2.38%
- IPO size
- Rs 1,000 crore
- Overall subscription
- 7.01 times
- Retail subscription
- 8.62 times
- QIB and NII subscription
- 1.59 times and 10.47 times, respectively
- Expert view
- Anand Rathi rated the issue “Subscribe for long-term”