The Hero Motors IPO entered its final bidding day on September 18, 2026. The ₹1,000 crore mainboard IPO opened on September 16 with a price band of ₹79 to ₹84 per share. The issue comprises a fresh issue of ₹600 crore and an offer for sale of ₹400 crore. The shares are scheduled to list on both NSE and BSE on September 23, 2026.
| Particular | Details |
|---|---|
| IPO Name | Hero Motors IPO |
| IPO Dates | Sep 16–18, 2026 |
| IPO Type | Mainboard |
| Price Band | ₹79–₹84 |
| Issue Size | ₹1,000 Cr |
| Fresh Issue | ₹600 Cr |
| OFS | ₹400 Cr |
| Lot Size | 178 Shares |
| Min Investment | ₹14,952 |
| Allotment | Sep 21, 2026 |
| Refund | Sep 22, 2026 |
| Demat Credit | Sep 22, 2026 |
| Listing Date | Sep 23, 2026 |
| Listing | NSE & BSE |
| Registrar | KFin Technologies |
Hero Motors IPO GMP Today
The latest Hero Motors IPO GMP is being reported around ₹5.5 per share in grey-market tracking. At the upper price band of ₹84, this indicates an unofficial implied price of approximately ₹89.50. Another report on the morning of September 18 put the GMP at ₹5.5, while recent tracking shows the premium has declined from higher levels earlier in the week.
The GMP is unofficial and unregulated. It can change during the remaining trading hours and does not guarantee the actual listing price.
Hero Motors IPO Subscription Status
The Hero Motors IPO subscription crossed the full-issue level on the first day itself. The issue closed Day 1 with approximately 1.39x subscription, with retail investors at 2.23x, NIIs at 1.25x and QIBs excluding anchors at 0.01x.
By the end of Day 2, reports showed overall subscription had increased to around 3.37x, with retail demand continuing to account for a significant portion of the bids.
| Investor Category | Day 1 Subscription |
|---|---|
| QIB | 0.01x |
| NII | 1.25x |
| Retail | 2.23x |
| Overall | 1.39x |
The final subscription figures will be available after bidding closes on September 18.
Hero Motors IPO Lot Size and Minimum Investment
The Hero Motors IPO lot size is 178 shares. At the upper price band of ₹84, one lot requires an investment of ₹14,952.
| Particular | Details |
|---|---|
| Lot Size | 178 Shares |
| Upper Price | ₹84 |
| Minimum Investment | ₹14,952 |
| Face Value | ₹10 |
The relatively low minimum application compared with SME IPOs makes the issue accessible to retail investors under the applicable IPO rules.
Hero Motors Company Business
Hero Motors Limited is an automotive technology and component manufacturer based in Ludhiana, Punjab. The company develops and manufactures powertrain and automotive technology products used in conventional and electric vehicle applications.
Its product and technology portfolio includes components and systems related to powertrain, driveline and other automotive applications. The company serves customers in the automotive industry and has exposure to both internal-combustion-engine and electric-vehicle platforms.
The business is part of the wider Hero Group ecosystem and has manufacturing and technology operations serving automotive customers.
Hero Motors IPO Automotive and EV Exposure
The Hero Motors IPO offers exposure to the automotive component and technology segment at a time when vehicle manufacturers are developing both conventional and electric platforms.
The company's business includes technology and components used across different vehicle applications. Its EV-related capabilities provide exposure to an evolving part of the automotive supply chain, while its existing conventional powertrain business remains an important part of operations.
The actual contribution from individual product categories and customers should be assessed from the company's IPO documents and financial disclosures.
Hero Motors IPO Financial Performance
Hero Motors reported total income of approximately ₹1,216.74 crore in FY26, with profit after tax of around ₹41.17 crore. The company's financial performance provides context for evaluating the ₹1,000 crore IPO and its planned use of proceeds.
| Financial Year | Total Income | PAT |
|---|---|---|
| FY26 | ₹1,216.74 Cr | ₹41.17 Cr |
The company operates in a capital-intensive automotive component industry, so investors should also examine borrowings, margins, cash flows and return ratios in the detailed financial statements.
Hero Motors IPO Objects of the Issue
The Hero Motors IPO includes both a fresh issue and an offer for sale. The fresh proceeds are intended to support the company's financial and growth requirements.
According to the IPO information, approximately ₹190 crore is earmarked for repayment or prepayment of certain outstanding borrowings. The remaining fresh proceeds are intended for purposes including capital expenditure, strategic initiatives and acquisitions.
The OFS component, meanwhile, represents shares being sold by existing shareholders rather than new capital being raised by the company.
Hero Motors IPO Strengths
The Hero Motors IPO has several notable business characteristics:
- Established presence in the automotive component industry.
- Exposure to powertrain and automotive technology.
- Products applicable to conventional as well as electric vehicles.
- Established customer relationships in the automotive sector.
- Planned investment in capacity and technology.
- IPO proceeds include a debt-reduction component.
- Exposure to the continuing development of India's automotive manufacturing ecosystem.
These points describe the company's business profile and IPO plans and should not be interpreted as guarantees of future performance.
Hero Motors IPO Risks
The Hero Motors IPO is exposed to the normal risks associated with the automotive component industry. Demand for its products depends partly on vehicle production volumes and the business performance of its customers.
The company also faces competition from other automotive component manufacturers and technology suppliers. Changes in vehicle technology, customer requirements and the transition toward EVs can require continuing investment in research, manufacturing capabilities and product development.
Raw-material costs, customer concentration, supply-chain conditions, foreign-market exposure and execution of expansion or acquisition plans are additional factors investors should review.
Hero Motors IPO Important Dates
The Hero Motors IPO opened on September 16 and closes on September 18, 2026. The basis of allotment is expected on September 21, refunds are scheduled to begin on September 22 and shares are expected to be credited to demat accounts on September 22. The listing is scheduled for September 23 on NSE and BSE.
| Event | Date |
|---|---|
| IPO Opens | Sep 16, 2026 |
| IPO Closes | Sep 18, 2026 |
| Allotment | Sep 21, 2026 |
| Refund | Sep 22, 2026 |
| Demat Credit | Sep 22, 2026 |
| Listing | Sep 23, 2026 |
Hero Motors IPO Key Highlights
- Hero Motors IPO issue size is ₹1,000 crore.
- Price band is ₹79–₹84 per share.
- Fresh issue size is ₹600 crore.
- OFS component is ₹400 crore.
- Lot size is 178 shares.
- Minimum investment is ₹14,952.
- The latest reported GMP is around ₹5.5.
- Day 1 subscription was around 1.39x.
- Day 2 subscription was reported around 3.37x.
- FY26 total income was approximately ₹1,216.74 crore.
- FY26 PAT was approximately ₹41.17 crore.
- ₹190 crore is earmarked for repayment/prepayment of borrowings.
- Shares are scheduled to list on NSE and BSE on September 23, 2026.
Hero Motors IPO Review
The Hero Motors IPO is a ₹1,000 crore mainboard issue from an automotive technology and component manufacturer. The company has exposure to powertrain and other automotive applications, including both conventional and electric vehicles.
The IPO combines a ₹600 crore fresh issue with a ₹400 crore OFS. The fresh proceeds include a planned debt-reduction component along with funding for business and strategic requirements. Subscription crossed 1x on the first day and increased further during Day 2, while the grey-market premium has moderated from earlier levels.
Investors should therefore consider the company's financial performance, automotive-sector exposure, customer concentration, debt position, technology requirements and the final IPO valuation alongside subscription and GMP data.
Hero Motors IPO Conclusion
The Hero Motors IPO closes on September 18, 2026, with a price band of ₹79–₹84 and an issue size of ₹1,000 crore. The company operates in automotive components and technology, with exposure to both conventional and electric vehicle applications.
The latest grey-market premium is around ₹5.5, while the issue had already received more than three times subscription by Day 2 according to reports. GMP remains an unofficial indicator, so investors should also review the company's financial statements, IPO documents, business risks and final subscription data before making an investment decision.
Disclaimer: Hero Motors IPO GMP is unofficial and unregulated. GMP and subscription figures can change frequently. Investors should verify the latest IPO documents and exchange disclosures before making any investment decision.
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