Hero Motors IPO
Hero Motors opens for subscription on 16 Sept 2026 and closes on 18 Sept 2026, at a price band of ₹79 – ₹84 with a lot of 178 shares. Listing is expected on 23 Sept 2026.
Updated 22 Oct 2026
Important dates
Opens
16 Sept 2026
Closes
18 Sept 2026
Allotment
21 Sept 2026
Listing
23 Sept 2026
IPO details
| Price band | ₹79 – ₹84 |
|---|---|
| Lot size | 178 shares |
| Minimum investment | ₹14,952 |
| Issue size | ₹1,000 crore |
| Face value | ₹10 per share |
| Board | Mainboard |
| Listing at | BSE & NSE |
| Retail quota | 35% |
| EPS | ₹1.15 |
| RoNW | 8.53% |
Grey market premium (GMP)
No meaningful grey market premium was reported at the last update.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 7.01 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.01× | 2.23× | 3.65× | 2.31× |
| Day 2 | 0.07× | 4.14× | 5.34× | 3.58× |
| Day 3 | 1.59× | 10.47× | 8.62× | 7.01× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 178 | ₹14,952 |
| Retail (max) | 13 | 2,314 | ₹1,94,376 |
| sHNI (min) | 14 | 2,492 | ₹2,09,328 |
| sHNI (max) | 66 | 11,748 | ₹9,86,832 |
| bHNI (min) | 67 | 11,926 | ₹10,01,784 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 1,083.42 | 1,059.12 | 17.04 |
| FY25 | 1,111.23 | 1,072.16 | 32.8 |
| FY26 | 1,216.74 | 1,153.78 | 41.17 |
About Hero Motors
Hero Motors Limited is one of the leading companies in the case of design, development, and supply of advanced powertrain solutions to OEMs in the US, Europe, India, and ASEAN. The company offers a variety of products used in different types of vehicles, such as two-wheelers, e-bikes, high-performance cars, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL aircraft.
The company is blessed with various products, as its products are deployed in various things such as bikes, e-bikes, cars, off-road and heavy vehicles, electric and hybrid models, and flying vehicles like eVTOLs. Hero Motor Limited has two main business areas: Powertrain Solutions, systems that help vehicles move by turning energy into motion. Alloys and Metallics, which are Special materials used in electric, fuel-based, and hybrid vehicles, are suitable for all types of powertrains.
Objects of the issue
- Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by our Company
- Capital expenditure of our Company through purchase of equipment for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Allotment status and registrar
KFin Technologies Limited is the registrar. After 21 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: 04067162222, 04079611000 · hml.ipo@kfintch.com
Lead managers and offer documents
- ICICI Securities Limited
- Dam Capital Advisors Ltd
- Jm Financial Limited
Hero Motors IPO: FAQs
When does the Hero Motors IPO open and close?
The Hero Motors IPO opens on 16 Sept 2026 and closes on 18 Sept 2026.
What is the Hero Motors IPO price band?
The price band is ₹79 – ₹84 per share (face value ₹10).
What is the Hero Motors IPO lot size?
One lot is 178 shares, so the minimum investment is ₹14,952 at the upper price band.
When is the Hero Motors IPO allotment date?
Allotment is expected on 21 Sept 2026. Check the status on the registrar's site (KFin Technologies Limited) or the BSE/NSE allotment pages using your PAN.
When will Hero Motors shares list?
Listing is expected on 23 Sept 2026 on BSE & NSE.
What is the Hero Motors IPO GMP today?
No meaningful grey market premium was reported when this page was last updated. GMP is unofficial and unregulated, so it should not drive your decision.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.