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The Economic Times
The Economic Times
Business
Ritesh Presswala

Hero Motors shares list at 2% discount on IPO price

Hero Motors GMP IPO NSE BSE

Shares of Hero Motors made a lackluster debut on Dalal Street on Wednesday, listing at 2% discount on IPO price. The stock opened at Rs 82 on BSE and NSE as compared to its issue price of Rs 84 per share.

The Rs 1,000 crore Hero Motors IPO was a book-built issue comprising a fresh issue of 7.14 crore shares aggregating to Rs 600 crore and an offer for sale (OFS) of 4.76 crore shares worth Rs 400 crore. The IPO was priced in the range of Rs 79–Rs 84 per share, with a minimum lot size of 178 shares.

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