8 hrs ago
Hero Motors IPO Allotment Status, Odds and GMP Details
Hero Motors sold shares to the public in an IPO.
People could buy shares between September 16 and September 18 at Rs 79-84 each.
Each application had to include at least 178 shares.
The IPO received much more demand than the number of shares available.
Investors can check whether they received shares on the KFin Technologies, NSE, or BSE websites.
They need details such as their PAN or application number.
The chances of receiving shares differed between investor groups.
The grey market premium fell to zero, which suggested that the market expected a weak listing.
Hero Motors IPO allotment can be checked through KFin Technologies, NSE, or BSE using application and PAN details.
The IPO was offered at Rs 79-84 per share from September 16 to September 18, with a 178-share lot size.
The issue raised Rs 1,000 crore and was subscribed 6.66 times, receiving nearly 16.26 lakh applications.
Estimated allotment odds were 50% for bNII, 7.69% for sNII, and 14.29% for retail investors.
The IPO’s grey market premium reportedly fell to zero after reaching about Rs 19-22 before bidding began.
- Who
- Hero Motors and investors who applied for its IPO; KFin Technologies Limited acted as registrar.
- What
- The IPO raised Rs 1,000 crore, and applicants can check their share allotment status online.
- Where
- Allotment status can be checked on the KFin Technologies, NSE, and BSE websites.
- When
- Bidding took place from September 16 to September 18; refunds were expected by Tuesday, September 22, and listing was scheduled for Wednesday, September 23.
- Why
- Applicants need to determine whether they received shares, while the subscription and grey market data indicated the likely demand and listing performance.
Key facts
- Issue price
- Rs 79-84 per share
- Lot size
- 178 equity shares
- Issue size
- Rs 1,000 crore
- Overall subscription
- More than 6.66 times
- Total applications
- Nearly 16.26 lakh
- Retail subscription
- 8.23 times
- Grey market premium
- No premium was reported near the allotment stage, compared with about Rs 19-22 before bidding
Sources
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