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Hero Motors IPO

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

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

8

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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

Total Issue11,90,47,618 shares₹1,000 Cr
Fresh Issue7,14,28,571 shares₹600 Cr
Offer for Sale4,76,19,047 shares₹400 Cr

Shareholding

Pre-Issue38,27,87,005
Post-Issue45,42,15,576

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.

ApplicationLotsSharesAmount
Retail (Min)117814,952
Retail (Max)1323141,94,376
S-HNI (Min)1424922,09,328
S-HNI (Max)66117489,86,832
B-HNI (Min)671192610,01,784

(All values in CR)

Hero Motors IPO Valuations

MetricValue
ROE8.56
ROCE19.77
Debt/Equity0.83
RoNW8.53
PAT Margin3.46
EBITDA Margin12.44
NAV12.72
Price to Book Value6.60

(All values in CR)

Hero Motors IPO Strength & Risk

+Strengths

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
!Risks

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.

+8+9.5%

Last updated 11 Sep, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
11 Sep, 202684₹8-₹92 (9.52%)142411 Sep, 2026
10 Sep, 202684₹8-₹92 (9.52%)142410 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

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

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).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

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