Hero Motors IPO Opens September 16 With 28% GMP Gain

Hero Motors' ₹1,000 crore initial public offering opens for subscription on September 16 with a price band fixed between ₹79 and ₹84 per share.

Grey market trends indicate a listing price of ₹108 apiece, reflecting a 28.57% premium over the upper end of the issue price.

The IPO comprises a fresh issue of ₹600 crore and an Offer for Sale of ₹400 crore, with shares expected to list on BSE and NSE on September 23.