Hero Motors IPO Opens Tomorrow, GMP Signals 29% Listing Upside

Hero Motors IPO opens for subscription on September 16, 2026, with a three-day bidding window. The issue comprises a fresh issue of 7.14 crore shares and an offer for sale of 4.76 crore shares, priced at Rs 79-84 per share. The IPO is currently commanding a 27% premium in the grey market, indicating a potential listing gain of nearly 27% if the current GMP trend holds. The allotment is expected to be finalized on September 21, 2026, with a tentative listing date fixed as September 23, 2026.