Hero Motors IPO is a mainboard IPO aggregating up to 1,000 crore rupees. The issue consists of a fresh issue of 7,14,28,571 shares (aggregating up to 600 crore rupees) and an offer for sale of 4,76,19,047 shares (aggregating up to 400 crore rupees).
The IPO opened for subscription on 16 September 2026 and closes on 18 September 2026. The basis of allotment will be finalised on 21 September 2026. The shares will be listed on BSE and NSE on 23 September 2026.
The price band for the IPO is set at ₹79 to ₹84 per share. The minimum amount required for a retail investor is ₹14,952 (178 shares, 1 lot). The minimum amount required for an sHNI investor is ₹2,09,328 (2492 shares, 14 lots).
Dam Capital Advisors, ICICI Securities and JM Financial is the lead manager and KFin Technologies is the registrar of the IPO.
Refer to Hero Motors RHP for more detailed information.
Hero Motors IPO Details Live
IPO Issue Details
Hero Motors IPO Lot Size & Required Amount
Number of Shares Per Lot = Shares
| Application | Lot(s) | Shares | Amount |
|---|---|---|---|
|
Retail (Min) Minimum investment required for Retail Individual Investors (RII). |
1 | 178 | ₹14,952 |
|
Retail (Max) Maximum investment allowed for Retail Individual Investors (Must be under ₹2 Lakhs). |
13 | 2314 | ₹1,94,376 |
|
S-HNI (Min) Minimum investment for Small High Net-worth Individuals (sHNI) (Must be above ₹2 Lakhs). |
14 | 2492 | ₹2,09,328 |
|
S-HNI (Max) Maximum investment for Small High Net-worth Individuals (sHNI) (Must be up to ₹10 Lakhs). |
66 | 11748 | ₹9,86,832 |
|
B-HNI (Min) Minimum investment for Big High Net-worth Individuals (bHNI) (Must be above ₹10 Lakhs). |
67 | 11926 | ₹10,01,784 |
IPO Reservation
Hero Motors IPO offers total 11,90,47,618 shares (100.00%) . Out of which Not more than 50% of the offer allocated to QIB, Not less than 15% of the offer allocated to NII, Not less than 35% of the offer allocated to RII.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered
Qualified Institutional Buyers (e.g., mutual funds, banks). |
Not more than 50% of the offer |
|
NII (HNI) Shares Offered
Non-Institutional Investors, also known as High Net-worth Individuals. |
Not less than 15% of the offer |
|
Retail Shares Offered
Retail Individual Investors applying for up to ₹2 Lakh. |
Not less than 35% of the offer |
| Total Shares Offered | 11,90,47,618 shares (100.00%) |
Company not found.
Financial Performance Indicator (FPI)
| FPI | 31 March 2026 | |
|---|---|---|
ROE Return on Equity (ROE) is a measure of financial performance... | 8.56% | |
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 19.77% | |
Debt/Equity A ratio comparing total liabilities to shareholder equity. | 0.83 | |
RoNW RoNW (Return on Net Worth) is the percentage of profit earned relative to the company's net worth and reflects overall profitability for shareholders. | 8.53% | |
PAT Margin Profit After Tax as a percentage of revenue. Shows how much net profit is retained from every rupee of sales. | 3.46% | |
EBITDA Margin EBITDA Margin indicates earnings before interest, tax, depreciation, and amortisation as a percentage of revenue; reflects core operating efficiency. | 12.44% | |
Price to Book Value Compares the stock's market price to its book value per share. A higher ratio may indicate market premium. | 6.60 |
| Pre IPO | Post IPO | |
|---|---|---|
Promoter Holding The percentage of total shares held by the company's founders or promoter group. | 84.67% | 61.63% |
Market Cap Total market value of a company's outstanding shares. | ₹3,815.41 crore | |
Weaknesses
- weakness weakness
Hero Motors Object of Issue
| S.No | Objects | Amount (in ₹, Cr) |
|---|---|---|
| 1 | Repayment/prepayment/redemption in full or in part, of certain outstanding borrowings availed by the Company | 1,90.00 |
| 2 | Capital expenditure of the Company through purchase of equipment required for expansion in capacity of the Gautam Buddha Nagar, Uttar Pradesh facility | 200.00 |
| 3 | Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | [●] |
| Total: | [●] | |
Hero Motors IPO Peer Comparison
IPO Subscription Status
Hero Motors IPO Frequently Asked Questions (FAQ)
Hero Motors IPO is a Mainboard IPO. The company will raise upto 1,000 crore rupees for 11,90,47,618 shares. Face value is ₹10 per share, Price band is ₹79 to ₹84 per share, and cut off price is ₹84 per share. The IPO opens on 16 September 2026 and closes on 18 September 2026. Kfin Technologies Ltd is the registrar and shares of Hero Motors IPO will be listed at NSE, BSE.
The issue size of IPO is 11,90,47,618 shares (aggregating up to 1,000 crore rupees). For fresh issue: 7,14,28,571 shares (aggregating up to 600 crore rupees). For offer for sale: 4,76,19,047 shares (aggregating up to 400 crore rupees).
Price band for IPO is ₹79 to ₹84 per share. Applying IPO application at cut off price ₹84 per share (the upper end of price band) is considered safer than applying at the lower end of the price band.
The lot size of Hero Motors IPO is 178 shares. Minimum order quantity for retail investor is 178 shares (1 lots) and required amount is ₹14,952. Minimum order quantity for sHNI is 2492 shares (14 lots) and required amount is ₹2,09,328. Minimum order quantity for bHNI investor is 11926 shares (67 lots) and required amount is ₹10,01,784.
The investors portion reserved for QIB is Not more than 50% of the offer, reserved for NII (HNI) is Not less than 15% of the offer, Not less than 35% of the offer reserved for retail investors.
The IPO will be available for subscription from 16 September 2026 to 18 September 2026. IPO open date is 16 September 2026 and close date is 18 September 2026.
Allotment date for IPO is 21 September 2026. On the allotment date, After the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is Kfin Technologies Ltd.
The IPO will be listed on 23 September 2026 at NSE, BSE.