India's Hero Motors debuts lower after $104 million IPO
23/09/2026 05:24
India's Hero Motors debuts lower after $104 million IPO Sept 23 (Reuters) - Shares of Hero Motors HERT.NS debuted 2.38% lower on Wednesday in pre-open trade after the Indian auto parts maker raised $104.2 million in its initial public offering.
The stock pre-opened at 82 rupees on the National Stock Exchange, compared with its IPO price of 84 rupees, giving the company a valuation of 37.25 billion rupees ($389.49 million).
($1 = 95.6375 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru; Editing by Sherry Jacob-Phillips)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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