Hero Motors IPO Day 3 Ends at 7.01x Subscription; NII Leads Demand
Veena Lathe
- 0 min read
Last Updated: 28th September 2026 - 12:06 pm
Hero Motors IPO was subscribed 7.01 times by 5:06 PM on Day 3, September 18, 2026. The public issue received bids for 58,39,03,190 shares against 8,33,33,334 shares available for subscription, based on the provided subscription data.
The Non-Institutional Investors (NII) category led the bidding on Day 3, with its reserved portion subscribed 10.47 times. The Retail Investors portion was subscribed 8.62 times, while the Qualified Institutional Buyers (QIB) portion recorded 1.59 times subscription.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Hero Motors IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (September 16) | 0.01 | 1.28 | 2.32 | 1.44 |
| Day 2 (September 17) | 0.07 | 4.14 | 5.34 | 3.58 |
| Day 3 (September 18) | 1.59 | 10.47 | 8.62 | 7.01 |
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 | 1.59 | 2,38,09,525 | 3,77,55,046 | 317.14 |
| NII | 10.47 | 1,78,57,143 | 18,69,46,636 | 1570.35 |
| Retail | 8.62 | 4,16,66,666 | 35,92,01,508 | 3017.29 |
| Total | 7.01 | 8,33,33,334 |
58,39,03,190 |
4,904.79 |
Key Highlights – Day 3
- Hero Motors IPO was subscribed 7.01 times overall on Day 3.
- The NII portion led the bidding at 10.47 times.
- The Retail portion was subscribed 8.62 times.
- The QIB portion was subscribed 1.59 times.
- The IPO received bids for 58,39,03,190 shares against 8,33,33,334 shares on offer.
Key Highlights – Day 2
- Hero Motors IPO was subscribed 3.58 times overall on Day 2.
- The Retail portion led the bidding at 5.34 times.
- The NII portion was subscribed 4.14 times.
- The QIB portion recorded 0.07 times subscription.
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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