07-Jan-2025
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Hero FinCorp IPO GMP
The Hero FinCorp IPO GMP has not yet started. The IPO GMP today indicates the huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription is oversubscribed, then Hero FinCorp IPO GMP might rise in the coming days.
Hero FinCorp IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 10% or above, then the possibility of the oversubscription increases.
However, if the Live IPO GMP quotes is below 10% premium, then most investors tend to lose interest in applying in the IPO and the probability of the under-subscription increases. Here, in Hero FinCorp IPO GMP is expected to quote the initial ticks at the 10% or above premium.
Also Read:
Hero FinCorp IPO FAQ
1. What are the details of the Hero FinCorp IPO?
Hero FinCorp IPO is a book-built issue of Rs 3,668.13 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 2,100 crore and offer-for-sale is of Rs 1,568 crore. This issue size of Rs 3,668.13 is mentioned in Hero FinCorp IPO DRHP.
2. When will the Hero FinCorp IPO open and close?
Hero FinCorp IPOopen date and close date is expected to be near March 3, 2025 to March 5, 2025. However, as of now the open and close date is not yet finalised.
3. What are the details of Hero FinCorp IPO subscription status?
Hero FinCorp IPO subscription status will be available after the IPO opens on 20 December 2024. In the QIB category 75% of the net offer is reserved. The remaining 15% is reserved for the retail investors and 10% is for Non-Institutional investors.
4. Write the details of the IPO Allotment Status?
Hero FinCorp IPO allotment status (tentative) is expected to be finalised in the second week of March 2025. The listing will be on the BSE and NSE platforms in the second week of March 2025 (Tentative).
5. Who is the registrar and lead managers for Hero FinCorp IPO?
Hero FinCorp IPO's registrar is Link Intime India Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.
The lead managers' names are JM
Financial Limited, Axis Capital Limited, BOFA Securities Limited, HDFC Bank
Limited, HSBC Securities and Capital Market India Private Limited, Jefferies
India Private Limited and SBI Capital Markets Limited.
What is an IPO GMP?
IPO GMP, full form is Initial Public Offering Grey Market Premium. It refers to the premium price at which shares of the upcoming IPO are getting traded. IPO GMP gives an idea to the investors of the official IPO listing price.
The grey market is an unregulated platform where traders buy IPO shares based on demand and supply and aim for listing gains. The IPO GMP indicates market sentiments and expectations of the upcoming IPO.
A high IPO GMP indicates strong interest of investors and expectation of positive listing in the stock exchange. Whereas, low IPO GMP indicates lack of interest of the investors. However, IPO GMP is very speculative and doesn’t guarantee actual listing outcomes