Hero Motors IPO fully subscribed on day one
Indian auto parts maker Hero Motors saw its 104 million dollar initial public offering fully subscribed on the first day of bidding. Retail investors drove the demand for the share sale, which aims to raise funds for debt reduction and facility expansion.
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Hero Motors launched its $104.2M IPO in India on Wednesday, securing full subscription on its opening day. Retail investors drove the demand for the auto parts maker's share offering.
