Hero Motors shares hit 5% lower circuit, remain 42% above IPO price
Quick Summary
Hero Motors shares experienced a 5% lower circuit. Despite this, the stock is still trading approximately 42% above its initial public offering price of ₹84. The share price is approaching a significant support level at ₹112.
Key Takeaways
- Hero Motors shares reached a 5% lower circuit.
- The stock remains about 42% above its IPO price.
- The IPO price was ₹84.
- A key support level of ₹112 is being approached.
Why It Matters
Understanding support levels is crucial for investors as they can indicate potential price reversal points or areas where buying interest might increase. A break below a key support level could signal further downward price movement.
The IPO in numbers
The IPO for Hero Motors Limited was a Mainboard Book Building issue with a price band of ₹79 to ₹84 per share. The lot size was 178 shares, meaning one lot would cost ₹14952 at the upper price band. The bidding window was from 2026-09-16 to 2026-09-18.
Figures from CAPITA1's own IPO record, not from the news report.
The headline, summary, takeaways and analysis on this page are written by CAPITA1's AI from the source report. For educational purposes only. Not investment advice.
The IPO in this story
Hero Motors Limited
- Price Band
- ₹79 – ₹84
- GMP
- ₹0 (+0.00%)
- Subscription
- —
Opens 16 Sept 2026 · Closes 18 Sept 2026
CAPITA1 desk — unofficial grey-market estimate — Unofficial grey-market estimate — not an exchange price. Updated 20 Sept 2026, 05:17 pm.
View Full IPO DetailsMore on Hero Motors Limited
- Hero Motors shares surged 20% to upper circuit after debutEconomic Times · 23 Sept 2026
- IPO allotment status for SS Retail, Hero Motors, Jindal Supreme onlineLiveMint · 19 Sept 2026
- Hero Motors, NSE show two realities of India’s unlisted marketLiveMint · 19 Sept 2026
- Hero Motors IPO ranks among India's top ten largest offeringsJagran Josh · 18 Sept 2026
Understanding the terms
- Hero Motors IPO: Dates, Price Band, GMP and What the Prospectus ShowsHero Motors' IPO, at ₹79–₹84 a share, was open from 16 September 2026 to 18 September 2026 and listed on 23 Se…
- Deepa Jewellers IPO: Complete Details, Dates, Price, Financials & ReviewDeepa Jewellers opened its mainboard IPO on 1 September 2026. Unlike a consumer-facing jewellery chain, it pri…
- Three IPOs listed on 23 September 2026: SS Retail +47%, Jindal Supreme +29%, Hero Motors −2%Three mainboard IPOs listed on 23 September 2026. Two opened well above their issue price and one opened below…