Investors in the Hero Motors IPO could receive the much-awaited allotment update today. After the issue was subscribed 6.6 times, investors are now awaiting the basis of allotment and looking ahead to the company’s stock-market debut.
The Rs 1,000 crore Hero Motors IPO is a book-built issue comprising a fresh issue of 7.14 crore shares worth Rs 600 crore and an offer for sale (OFS) of 4.76 crore shares worth Rs 400 crore.