Hero Motors IPO Day 1 Subscription at 1.44x; Retail Leads

Generic user silhouette icon Veena Lathe - 0 min read

Last Updated: 16th September 2026 - 05:00 pm

Hero Motors IPO was subscribed 1.44 times by 5:06 PM on Day 1, September 16, 2026. The public issue received bids for 11,98,14,114 shares against 8,33,33,334 shares available for subscription, based on the provided subscription data.

Retail Investors led the bidding on Day 1, with their reserved portion subscribed 2.32 times. The Non-Institutional Investors (NII) portion was subscribed 1.28 times, while the Qualified Institutional Buyers (QIB) portion recorded 0.01 times subscription.

Subscription Status of Hero Motors IPO

Date QIB NII Retail Total
Day 1 (September 16) 0.01 1.28 2.32 1.44

Here are the subscription details for Hero Motors IPO Day 1, as of 5:06 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total
Anchor 1 3,57,14,284    3,57,14,284  300.00   
QIB 0.01 2,38,09,525     1,88,146     1.580   
NII 1.28 1,78,57,143          2,28,14,082 191.638
Retail 2.32 4,16,66,666  9,68,11,886    813.220
Total 1.44 8,33,33,334

11,98,14,114           

1,006.439        

Key Highlights – Day 1

  • Hero Motors IPO was subscribed 1.44 times overall on Day 1.
  • The Retail portion led the bidding at 2.32 times.
  • The NII portion was subscribed 1.28 times.
  • The QIB portion recorded 0.01 times subscription.

About Hero Motors

Hero Motors Limited is an automotive technology company providing powertrain solutions for electric and non-electric vehicles. Its portfolio includes electric and conventional powertrain products used across two-wheelers, e-bikes, passenger vehicles and other mobility applications. The company serves customers in India and international markets, with its electric vehicle business contributing a growing share of revenue.

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