Now Reading: Hero Motors IPO closes today, GMP steady at Rs 5.5
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Hero Motors IPO closes today, GMP steady at Rs 5.5
The Rs 1,000 crore Hero Motors IPO closes for subscription today, 18 September. The price band is fixed at Rs 79 to Rs 84 per share, and the lot size is 178…
The Rs 1,000 crore Hero Motors IPO closes for subscription today, 18 September. The price band is fixed at Rs 79 to Rs 84 per share, and the lot size is 178 shares. Based on a grey market premium (GMP) of Rs 5.5, the estimated listing price is around Rs 89.5, a 6.55% premium over the upper price band.
Swastika Investmart has given a Neutral rating, citing strong EV prospects but flagging high valuation at a P/E of 69-74x compared to a peer average of 50.2x. Master Capital Services views it as a long-term opportunity, noting the company's first-mover advantage in e-bike powertrains. The IPO allotment is expected on 21 September, with listing on the BSE and NSE on 23 September.
Indian Opinion Analysis
All four sources are neutral-report, straight wire copy. Livemint provided the most detail on the GMP range, subscription levels by investor category, and brokerage reviews. The NDTV Profit sources were shorter, focusing on the final subscription day, the GMP of Rs 5.5, and the implied listing price. No source deviated from reporting facts or added an editorial stance. The key number to watch is the final subscription figure, set to be released after the issue closes on 18 September, as it will indicate retail and institutional demand.
Coverage: 4 sources, 4 neutral
Sources (4): livemint.com (neutral report), ndtvprofit.com (neutral report), ndtvprofit.com (2) (neutral report), ndtvprofit.com (3) (neutral report)
This brief was synthesised by AI from the 4 sources linked above, so one read covers every framing they carry.
Updated: this story now draws on 4 sources.
