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The Economic Times
The Economic Times
Ritesh Presswala

Hero Motors IPO Day 2: GMP signals 16% listing gain. Should you subscribe?

Hero Motors IPO GMP

The Hero Motors IPO has entered its second day of bidding, with investors showing healthy interest in the public issue. The IPO is currently commanding a 16% premium in the grey market (GMP), indicating that market participants are pricing in the possibility of a positive listing—provided the GMP trend holds through listing day.

On the first day of bidding, the IPO was subscribed 1.39 times overall, against the 8.86 crore shares on offer. The retail investor portion saw stronger demand, with the category subscribed 2.23 times against the 4.43 crore shares reserved for retail investors.

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