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_ |;))
Recent news on Hero Motocorp
See all newsBrief: India Auto Industry Body SIAM Says India's September Total Domestic Passenger Vehicle Sales 4,54,574 Units
India's Hero Motors rebounds after weak debut, valued at over $400 million (updated)
India's Hero Motors debuts lower after $104 million IPO
Brief: India Auto Industry Body SIAM Says India's Aug Total Domestic Passenger Vehicle Sales 4,39,309 Units
Hero Motors targets $401 million valuation in India IPO