Hero Motors

Hero Motors

LISTED

IPO Date: 16 Sept - 18 Sept 2026

Listing Date: 23 Sept 2026

Price Range

₹79 to ₹84

Issue Size

1000 Cr

Min Investment

₹14,062

Min Application

178 Shares

View IPO Document

Schedule of Hero Motors

  1. Issue open date

    16 Sept 2026

  2. Issue close date

    18 Sept 2026

  3. UPI mandate deadline

    18 Sept 2026 (5 PM)

  4. Allotment finalization

    21 Sept 2026

  5. Share credit

    22 Sept 2026

  6. Listing date

    23 Sept 2026

  7. Mandate end date

    3 Oct 2026

Issue size

Funds Raised in the IPOAmount
Overall1000 Cr
Fresh Issue7.14 Cr
Offer for Sale4.76 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date21 Sept 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
23 Sept 2026Latest₹84₹-3₹81(-3.57%)
22 Sept 2026₹84₹-3₹81(-3.57%)
21 Sept 2026₹84₹-2₹82(-2.38%)
20 Sept 2026₹84₹-2₹82(-2.38%)
19 Sept 2026₹84₹-2₹82(-2.38%)
18 Sept 2026₹84₹0₹84(0%)
17 Sept 2026₹84₹6₹90(+6.55%)
16 Sept 2026₹84₹13₹97(+15.48%)
15 Sept 2026₹84₹19₹103(+22.62%)
14 Sept 2026₹84₹23₹107(+27.38%)
13 Sept 2026₹84₹24₹108(+28.57%)
12 Sept 2026₹84₹24₹108(+28.57%)
11 Sept 2026₹84₹10₹94(+11.9%)
10 Sept 2026₹84₹8₹92(+9.52%)

Performance Hero Motors

Issue PriceListing GainCurrent Market PriceP/L
₹79 to ₹84₹ 82 (-2.38%) ₹ 110.9732.11%

About Hero Motors

Hero Motors Limited is an automotive engineering and manufacturing company focused on powertrain solutions and alloy & metallic components. The company develops both electrified and non-electrified powertrain systems, gears, transmissions, hubs and other precision-engineered components for automotive OEMs. Its products serve two-wheelers, e-bikes, motorsport and performance automotive applications across India and international markets. The company has engineering and manufacturing operations in India, the UK and Thailand, supporting product development from design and prototyping through large-scale production.

Founded in1998
Managing directorPankaj M. Munjal
Parent organizationHero Motor Company (HMC)

Financial Overview

Strengths

4
  1. 1

    Diversified powertrain capabilities. Operates across both electrified and conventional powertrain technologies, allowing it to serve different automotive applications.

  2. 2

    Global customer and manufacturing presence. Operations and engineering capabilities across India, the UK and Thailand provide access to international automotive markets.

  3. 3

    Integrated engineering capabilities. Covers product design, development, prototyping and manufacturing, supporting customized solutions for OEM customers.

  4. 4

    Established automotive expertise. The company has developed specialized capabilities in gears, transmissions and powertrain systems and serves global OEMs.

Risks

4
  1. 1

    Automotive industry dependence. Demand is closely linked to vehicle production and sales, so a slowdown in the automotive sector can affect orders and revenue.

  2. 2

    Technology transition risk. The shift from internal-combustion powertrains toward EVs requires continued investment in new technologies and products.

  3. 3

    Customer concentration. Dependence on major automotive OEM customers can create revenue and bargaining-power risks if key contracts or programs are reduced.

  4. 4

    Global operating exposure. Manufacturing and engineering operations across multiple countries expose the company to foreign-exchange movements, regulatory changes, geopolitical issues and international supply-chain disruptions.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)1.59
Non-Institutional Investors (NIIs)10.47
Retail Individual Investors (RIIs)8.62
EmployeeN/A
Total7.01