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Hero Motors IPO Allotment Today: Check Status on KFin, BSE, NSE

· · 3 min read

Hero Motors is set to finalize its IPO share allotment today, September 21. Investors can verify their application status on KFin Technologies, BSE, or NSE. The Rs 1,000 crore IPO was subscribed 6.66 times overall.

Hero Motors, the prominent auto-ancillary player, is finalizing the basis of allotment for its equity shares today, Monday, September 21. Investors who participated in the initial public offering (IPO) can now check the status of their applications via the registrar's website, KFin Technologies, or directly on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) platforms.

The IPO, which aimed to raise Rs 1,000 crore, was open for subscription between September 16 and September 18, with shares priced in the range of Rs 79-84 apiece. Successful applicants will have their shares allotted, while mandates for those not receiving an allotment are expected to be revoked by the end of today.

How to Check Hero Motors IPO Allotment Status

Here’s a step-by-step guide to checking your allotment status on the various platforms:

Checking Status on KFin Technologies (Registrar)

  1. Visit the official web portal of KFin Technologies Limited.
  2. Select the 'Hero Motors IPO' from the dropdown menu (this option will appear once allotment is finalized).
  3. Choose one of three modes to proceed: Application number, Demat Account number, or PAN ID.
  4. Specify your application type as either ASBA or non-ASBA.
  5. Enter the required details corresponding to your chosen mode.
  6. Complete the security captcha accurately.
  7. Click 'Submit' to view your allotment status.

Checking Status on NSE

  1. Navigate to NSE's dedicated IPO allotment page.
  2. Select 'Equity & SME IPO Bid details'.
  3. Under 'Select Symbol', choose 'HEROMOTORS'.
  4. Input your PAN Number and Application Number.
  5. Click 'Submit' to view the details.

Checking Status on BSE

  1. Go to BSE's IPO allotment page.
  2. Under 'Issue Type', select 'Equity'.
  3. From the 'Issue Name' dropdown, choose 'Hero Motors Limited'.
  4. Enter your application number.
  5. Provide your PAN card ID.
  6. Click on 'I am not a Robot' and then hit the 'Search' button.

Subscription Details and Allotment Odds

The Hero Motors IPO saw an overall subscription of 6.66 times, attracting over 16.26 lakh applications and bids worth more than Rs 4,900 crore. The non-institutional investors (NIIs) portion was subscribed 9.86 times, while retail investors' bids reached 8.23 times. Qualified institutional bidders (QIBs) subscribed to their allocated portion 1.49 times.

  • Big HNI category (bNII): Approximately 50% probability (1 out of 2 investors) to receive 2,492 shares.
  • Small HNI category (sNII): Approximately 7.69% probability (1 out of 13 investors) to receive 2,492 shares.
  • Retail category: Approximately 14.29% probability (1 out of 7 investors) to receive 178 shares.

Grey Market Premium (GMP) and Listing

Following the subscription period, the Grey Market Premium (GMP) for Hero Motors IPO has seen a significant correction. The IPO is currently not commanding any GMP, indicating a potentially weak listing for investors. Prior to the bidding, the GMP stood in the range of Rs 19-22.

Refunds for unallotted applications are anticipated to be processed by Tuesday, September 22. The shares of Hero Motors are scheduled to be listed on both BSE Ltd and NSE on Wednesday, September 23.

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