Updated · GMP, subscription and listing data refresh through the day.
Detailed financials for this issue aren’t available yet.
| Application | Shares | Amount at ₹84 |
|---|---|---|
| Retail (min)1 lot | 178 | ₹14,952 |
| Retail (max)13 lots | 2,314 | ₹1,94,376 |
| sHNI (min)14 lots | 2,492 | ₹2,09,328 |
| bHNI (min)67 lots | 11,926 | ₹10,01,784 |
One lot is 178 shares, so a single application at the ₹84 cut-off costs ₹14,952. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
Strengths and risk factors from this issue’s prospectus aren’t available yet.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Hero Motors Limited, the registrar is KFin Technologies Limited — allotment is finalised in the days between the issue closing on 18 Sept 2026 and listing on 23 Sept 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.
As of 19 Sept, 3:37 am the Hero Motors Limited IPO is subscribed 6.66× overall: QIB 1.49×, non-institutional 9.86× and retail 8.23×. Figures are the exchange's consolidated demand across NSE and BSE.
The retail portion is subscribed 8.23× as of 19 Sept, 3:37 am. Retail applications are those up to ₹2,00,000 at the cut-off price.
NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.
Overall subscription at the end of each bidding day — day 1 (16 September 2026): 1.38×, day 2 (17 September 2026): 3.36×, day 3 (18 September 2026): 6.66×, day 4 (19 September 2026): 6.66× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.
Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹0 on a ₹84 upper band means the grey market is dealing at ₹84.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.