Hero Motors initial public offer gets strong start with retail investors

Hero Motors has launched a public share offering worth one thousand crore rupees, which drew strong interest from investors on its opening day. The share sale reached one point three nine times subscription on the first day itself, driven largely by retail investors. The price band for the share issue is set between seventy-nine rupees and eighty-four rupees each. The unlisted market grey market premium for the shares stands at around thirteen rupees, pointing toward a possible positive debut on the stock exchange.