The record
Written from the 1 report below. Nothing here is unsourced.
- Hero Motors IPO entered its second day of bidding after strong demand on day one.
- The issue received a subscription of 3.27 times on the first day.
- The grey market premium for the IPO stands at Rs 5.5 per share.
- At that premium, the implied listing price would be around Rs 89.5 against the upper price band of Rs 84 per share.
- The strong first-day demand and positive grey market signals matter for investors tracking the stock's listing prospects.
What to watch next
- Final subscription figures at the close of bidding on day two
- Movement in the grey market premium ahead of listing
- The actual listing price compared with the upper band of Rs 84
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English national1
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Named India · Hero Motors
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