GENERAL18 Sept 2026
Hero Motors IPO GMP rises 7% on Day 3; check key dates, review, subscription. Should you apply or not? | Stock Market News
Hero Motors' IPO closed on 18 September after opening on 16 September, priced at ₹79 to ₹84 per share with a lot of 178 shares. The issue had a ₹600 crore fresh issue and ₹400 crore offer for sale. Allotment is expected on 21 September, listing on 23 September, and grey market premium points to about ₹90. Analysts still flag the high valuation.
Key Statutory Highlights
- The Hero Motors IPO price band was ₹79 to ₹84 per share, with a lot size of 178 shares, and bidding closed on 18 September.
- The IPO had a fresh issue of ₹600 crore and an offer for sale of ₹400 crore, with allotment expected on 21 September and listing on 23 September.
- Swastika Investmart said the IPO's P/E of about 69–74x is higher than the peer average of 50.2x, and the top 10 customers bring in 73–78% of revenue.
Actionable Advice for Taxpayers / Founders:If you applied, watch for the allotment update on 21 September and confirm your demat credit before listing on 23 September. If you are still deciding, study the valuation and customer concentration risks carefully before investing, since grey market premium is not a guarantee of listing gains.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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