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Hero Motors Ltd IPO
NSE & BSE Bookbuilding IPO Fresh capital cum OFS Upcoming
GMP +₹23 +27.38% Est. Listing ₹107 P&L/Lot +₹4,094
Issue Price
₹84
Face ₹10
GMP
+₹23
+27.38% premium
Est. Listing
₹107
GMP based
Lot Size
178
shares / lot
Min Amount
₹14,952
1 lot · 178 shares
Opens
16 Sep
Upcoming
Allotment
Important Dates
0/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Soon
Open Date
16 Sep 2026
Wed Upcoming
Soon
Close Date
18 Sep 2026
Fri Upcoming
Soon
Allotment
21 Sep 2026
Mon Upcoming
Soon
Refund
22 Sep 2026
Tue Upcoming
Soon
Demat Credit
22 Sep 2026
Tue Upcoming
Soon
Listing Date
23 Sep 2026
Wed Upcoming
Issue Details
Pricing & Size
Issue Price
₹84 Face ₹10
Lot Size
178 shares
Min Investment
₹14,952
Total Issue Size
11,90,47,618 shares (agg. up to ₹1,000 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh capital cum OFS
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
Not more than 50% of the Offer
NII / HNI
Not less than 15% of the Offer
Retail
Not less than 35% of the Offer
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
38,27,87,005 shares
Post-Issue Shareholding
45,42,15,576 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 178 ₹14,952
HNI / NII 14 2492 ₹2,09,328
bHNI / bNII 67 11926 ₹10,01,784
Objects of Issue
3 objectives
1
Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by Company
190.00 Cr
2
Capital expenditure of Company through purchase of equipment for expansion in capacity of Gautam Buddha Nagar, Uttar Pradesh facility
200.00 Cr
3
Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes(
Lead Managers & Market Maker
Book Running Lead Managers
ICICI Securities Ltd
Dam Capital Advisors Ltd
JM Financial Ltd
IPO Timeline
Open
16 Sep
Upcoming
Close
18 Sep
Upcoming
Allotment
21 Sep
Upcoming
Listing
23 Sep
Upcoming
Registrar Details
Kfin Technologies Ltd
SEBI Registered Registrar & Transfer Agent
Phone
040-79615565
Email
heromotors.ipo@kfintech.com
Company Contact
Email
investorrelations@heromotors.com
Phone
+ 91 120441200
Address
Hero Nagar GT Road Ludhiana Ludhiana, Punjab, 141003
Grey Market Premium
LIVE
Current GMP
+₹23
+27.38% vs Issue Price
Issue Price
₹84
Est. Listing
₹107
Lot Size
178 shares
P&L / Lot
+₹4,094
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Category-wise Subscription
Category Sub (×) Offered Bid For
QIB Not more than 50% of the Offer
NII / HNI (Total) Not less than 15% of the Offer
Retail Investors Not less than 35% of the Offer
Total **
Market Maker *
* Based on ₹84.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
Not more than 50% of the Offer
NII
Not less than 15% of the Offer
Retail
Not less than 35% of the Offer
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Revenue1216.741111.231083.42
PAT41.1732.8017.04
EBITDA147.78114.0086.28
Net Worth482.45423.95385.44
Total Assets1371.831164.621059.86
Reserves116.3267.7132.26
Borrowings400.79407.62304.00
Key Financial Ratios
8.56
ROE
Return on Equity
19.77
ROCE
Return on Capital Employed
8.53
RONW
Return on Net Worth
3.46
PAT Margin
PAT / Revenue
12.44
EBITDA Mgn
EBITDA / Revenue
0.83
D/E Ratio
Debt to Equity
6.60
P/BV
Price to Book Value
1.08
Pre EPS
EPS Pre-Issue
0.91
Post EPS
EPS Post-Issue
77.78
Pre P/E
P/E Pre-Issue
92.31
Post P/E
P/E Post-Issue
About Hero Motors Ltd

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 vehicles and eVTOL applications.

The Company offers system-level and component-level solutions covering designing, prototyping, validation, development and delivery of powertrain systems. It is recognized for its expertise in continuously variable transmissions (CVT), EV transmissions, electric motors, integrated drive units and gear sets. The Company also has a first-mover position in the global e-bike powertrain market and is the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrain products for e-bikes.

The Company's operations are divided into Powertrain Solutions and Alloys and Metallics (A&M) segments. Powertrain Solutions comprises Gears and Transmissions (G&T), serving automotive and mobility applications, and Bike Powertrain (BPT), focused on micro-mobility applications and global e-bike manufacturers. The A&M segment provides sheet metal and tubular assemblies and components primarily to automotive OEMs.

The Company has established relationships with global customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV and HWA, along with leading global e-bike manufacturers. It focuses on technology and innovation through in-house design and engineering capabilities and partnerships with global technology players.

As of March 31, 2026, the Company had 1,388 permanent employees and 707 contract labourers.

Competitive Strengths

  • Strong R&D and engineering capabilities.
  • Long-term relationships with global OEMs.
  • Strong presence in the global e-mobility industry.
  • Diversified powertrain product and service offerings.
  • Experienced management and strong corporate governance.
  • Growing presence in electric bikes and premium two-wheelers.

     
Frequently Asked Questions
What is the issue price of Hero Motors Ltd IPO?
The issue price of Hero Motors Ltd IPO is ₹84 per share, face value ₹10.
What is the lot size?
Minimum lot size is 178 shares, requiring ₹14,952.
What are the IPO dates?
Opens 16 Sep 2026, closes 18 Sep 2026.
When is the listing date?
Tentative listing: 23 Sep 2026 on NSE & BSE.
What is the current GMP?
Current GMP is +₹23, estimated listing ₹107 (+27.38%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Hero Motors Ltd IPO · Expected 21 Sep 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
21 Sep 2026
Refund Initiation
22 Sep 2026
Demat Credit
22 Sep 2026
Listing Date
23 Sep 2026
Quick Facts
Upcoming
GMP Signal
Bullish
+₹23
+27.38%
Issue Price
₹84
Face ₹10
Lot Size
178
shares / lot
Min Amount
₹14,952
1 lot
Est. Listing
₹107
GMP +₹23
Key Dates
Open
16 Sep Soon
Close
18 Sep Soon
Listing
23 Sep Soon
Registrar
Kfin Technologies Ltd
A
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