07-Jan-2025
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Hero FinCorp IPO Subscription Status
Hero FinCorp IPO subscription status will be available after the IPO opens on 3 March 2025. 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.
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 IPO open 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 is 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.
4. Write the details of the IPO Allotment Status?
Hero FinCorp IPOallotment 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 Subscription?
The IPO subscription is a process by which investors bid for shares of the company during its first public offer. Investors from the different categories like retail, institutional and non-institutional apply for shares within the IPO price-band. The level of subscription is measured in terms of how many times shares offered are applied.
A higher subscription time in a specific category reflects strong investors' interest and high demand. Whereas, low subscription reflects lack of demand and under subscription. The subscription data is updated daily which drives the investors sentiment while applying for any IPO.