Hero Motors hits 20% upper circuit, gains 69% from IPO price

Hero Motors shares hit the 20% upper circuit at ₹141.69 on their third trading session, taking gains to 68.7% above the ₹84 IPO price. The stock debuted at ₹82 on September 23. The ₹1,000 crore IPO was subscribed 6.66 times, with ₹190 crore earmarked for debt repayment and ₹200 crore for capacity expansion.