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Hero Motors IPO
Hero Motors IPO
Overview
Hero Motors IPO is a book build issue of ₹1,000.00 crores. The issue is a combination of fresh issue of 7.14 crore shares aggregating to ₹600.00 crores and offer for sale of 4.76 crore shares aggregating to ₹400.00 crores. Hero Motors IPO opens for subscription on Sep 16, 2026 and closes on Sep 18, 2026. The allotment for the Hero Motors IPO is expected to be finalized on Sep 21, 2026. Hero Motors IPO will list on NSE and BSE with a tentative listing date fixed as Sep 23, 2026. Hero Motors IPO is set issue price band at ₹79 to ₹84 per share. The lot size for an application is 178 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,952 (178 shares) (based on upper price). ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
11,90,47,618
Issue Size
₹1,000 Cr
Price Band
₹79 – ₹84
Lot Size
178 shares
Min. Investment
₹14,952
Max. Investment
₹1,94,376
Open Date
16 Sep, 2026
Close Date
18 Sep, 2026
Allotment
21 Sep, 2026
Listing
23 Sep, 2026
Max. Investment
₹1,94,376
Announced
16 Sep, 2026
Opening Date
16 Sep, 2026
Closing Date
18 Sep, 2026
Basis of Allotment
21 Sep, 2026
Initiation of Refunds
22 Sep, 2026
Credit of Shares
22 Sep, 2026
Listing Date
23 Sep, 2026
Live GMP
Est. Listing: ₹92
Apply via UPI in 5 minutes
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About Hero Motors IPO
Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs) across the United States, Europe, India and ASEAN region. The Company provides integrated solutions for both electric and non-electric powertrains, serving two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicl
Hero Motors IPO Share Price
Issue Breakdown
Shareholding
Dilution: 18.7% increase in shares
Hero Motors IPO Financial Health
Hero Motors Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2026 and March 31, 2025.
Hero Motors IPO Lot Size
Investors can bid for a minimum of 178 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 178 | ₹14,952 |
| Retail (Max) | 13 | 2314 | ₹1,94,376 |
| S-HNI (Min) | 14 | 2492 | ₹2,09,328 |
| S-HNI (Max) | 66 | 11748 | ₹9,86,832 |
| B-HNI (Min) | 67 | 11926 | ₹10,01,784 |
(All values in CR)
Hero Motors IPO Valuations
| Metric | Value |
|---|---|
| ROE | 8.56 |
| ROCE | 19.77 |
| Debt/Equity | 0.83 |
| RoNW | 8.53 |
| PAT Margin | 3.46 |
| EBITDA Margin | 12.44 |
| NAV | 12.72 |
| Price to Book Value | 6.60 |
(All values in CR)
Hero Motors IPO Strength & Risk
Hero Motors IPO Strength
- Strong presence in automotive components and mobility solutions
- Diversified product portfolio across EV and internal-combustion powertrain applications
- Established relationships with global OEM customers
- Manufacturing and engineering capabilities across multiple geographies
- Strong focus on electric mobility and e-bike segments
- Experienced management and promoter backing
- In-house engineering and R&D capabilities support product development
Hero Motors IPO Risk
- High dependence on a limited number of major customers
- Significant exposure to the European market
- Business is sensitive to cyclical demand in the automotive industry
- Dependence on a limited supplier base creates supply-chain risks
- Raw-material price fluctuations can affect margins
- Capacity expansion and EV-related investments carry execution risks
Hero Motors IPO GMP
Hero Motors IPO last GMP is ₹8, last updated Sep 11th 2026 02:02 PM. With the upper price band of ₹84.00, Hero Motors IPO's estimated listing price is ₹92 (cap price + today's GMP). The expected percentage gain/loss per share is 9.52%. >> Hero Motors IPO Retail Subject to Sauda: ₹1100 >> Hero Motors IPO Small HNI Subject to Sauda: ₹15400 The GMP for Hero Motors IPO has started trading and has been available for the last 2 sessions.
Last updated 11 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 11 Sep, 2026 | 84 | ₹8 | - | ₹92 (9.52%) | 1424 | 11 Sep, 2026 |
| 10 Sep, 2026 | 84 | ₹8 | - | ₹92 (9.52%) | 1424 | 10 Sep, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Hero Motors IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Hero Motors IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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