Hero Motors IPO

Hero Motors IPO is a book-built issue worth Rs 1,000.00 crores, comprising a fresh issue of 7.14 crore shares worth Rs 600.00 crores and an Offer for Sale of 4.76 crore shares worth Rs 400.00 crores. The IPO opens for subscription on September 16, 2026, and closes on September 18, 2026, with allotment expected on September 21, 2026. The shares are scheduled to list on NSE and BSE on September 23, 2026. The price band is fixed at Rs 79–84 per share, with a lot size of 178 shares requiring a minimum retail investment of Rs 14,952. ICICI Securities is the lead manager, while Kfin Technologies is the registrar.

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Hero Motors IPO Details

Check out the issue details for Hero Motors IPO as disclosed in SEBI.

Price Band

₹ 79 - 84

Issue Size

1,000.00 Cr.

Issue Type

Book Built

Open

2026-09-16

Close

2026-09-18

Listing Date

2026-09-23

Hero Motors News

Hero Motors gets Sebi's nod to raise Rs 1,200 crore via IPO 16 Sep 2025, 1:15PM Hero Motors files DRHP for Rs 1,200 crore IPO 2 Jul 2025, 12:38PM

Company Financials

You can get the following financial statements of Hero Motors as of now.

Company Name

Hero Motors

Exchange

NSE: HEROMOTORS

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Hero Motors IPO Details

The details about the Hero Motors IPO are as follows:

  • The issue size of the IPO is Rs 1,000.00 Cr.
  • The price band for Hero Motors IPO is Rs 79 to Rs 84.
  • The shares of Hero Motors IPO will list on BSE and NSE.
  • The latest tentative GMP of Hero Motors IPO is Rs 0.
  • The shares of Hero Motors IPO are subscribed 7.01 Times.

 

Hero Motors IPO Valuation

The approximate valuation of Hero Motors IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 84
Existing Shares (Qty) 38.68 Cr
Fresh Issue Rs 600 Cr
Market Cap Rs 3849.12 Cr
EPS (FY26) Rs 1.15
PE Ratio 73.04x
Industry PE 50.20x

 

Hero Motors IPO Issue Size

Hero Motors IPO issue size is Rs 1,000.00 Cr.

Issue Amount
Fresh Issue Rs 600.00 Cr
Offer For Sale Rs 400.00 Cr

 

Hero Motors IPO Market Lot

An individual can apply for a minimum of 1 lot of 178 shares and a maximum of 13 lots (2,314 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 178 Rs 14,952
Retail Maximum 13 2,314 Rs 1,94,376

 

Hero Motors IPO Share Offer

The shares of Hero Motors IPO are subscribed 7.01 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Hero Motors IPO GMP (Grey Market Premium)

As on GMP (Tentative)
18 September 2026 Rs 0

Hero Motors IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Hero Motors IPO Dates

Find below the dates for Hero Motors IPO

Schedule Date
Basis of Allotment 21 Sep 2026
Refunds 22 Sep 2026
Credit to Demat Account 22 Sep 2026
IPO Listing Date 23 Sep 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 903.98 1055.28 891.2 897.87 1007.75
Total Expenditure 809.64 965.28 846.05 833.98 890.75
Operating Profit 94.34 89.99 45.15 63.89 117
Other Income 6.37 14.04 20.56 19.13 26.78
Interest 14.59 26.55 26.65 31.02 31.57
Depreciation 15.9 17.25 14.89 18.94 22.46
Exceptional Items 65.74 0 0 0 -1.96
Profit Before Tax 135.95 60.23 24.16 33.07 87.79
Provision for Tax 38.08 11.61 5.19 9.46 22.18
Net Profit 97.87 48.62 18.97 23.61 65.62
Adjusted EPS (Rs.) 2.83 0.14 0.05 0.07 0.18

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 34.6 353.58 353.58 378.36 379.31
Total Reserves 122.31 2.03 51.81 59.61 137.38
Borrowings 58.33 60.64 74.4 89.06 69.56
Other N/C liabilities 23.07 52.13 49.59 60.51 69.69
Current liabilities 461.21 426.06 443.43 420.23 501.18
Total Liabilities 699.52 894.44 972.8 1007.77 1157.11
Assets
Net Block 164.96 218.07 246.05 339.49 357.8
Capital WIP 9.12 4.77 49.47 27.57 46.38
Intangible WIP 0 0 0.01 0.96 0
Investments 3.98 45.22 74.8 101.54 128.83
Loans & Advances 16.58 96.43 123.56 76.12 110.27
Other N/C Assets 5.37 0.38 8.72 2.41 0.14
Current Assets 499.51 529.58 470.18 459.69 513.7
Total Assets 699.52 894.44 972.8 1007.77 1157.11
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 135.95 60.23 24.16 33.07 87.79
Adjustment -36.86 49.25 68.13 52.33 49.4
Changes in Assets & Liabilities -16.35 -19.78 31.08 -40.68 18.46
Tax Paid -22.47 -18.83 -7.47 -9.69 -11.57
Operating Cash Flow 60.28 70.88 115.9 35.03 144.09
Investing Cash Flow 29.76 -222.72 -101.78 -54.55 -72.07
Financing Cash Flow -55.06 105.57 11.17 -2.17 -67.77
Net Cash Flow 34.98 -46.26 25.3 -21.69 4.24

Hero Motors IPO: Date, Share Price, Review & Details

Hero Motors, a key player in the auto-component sector and part of the Hero Group, is set to launch its Initial Public Offering (IPO) after receiving approval from the Securities and Exchange Board of India (SEBI) on September 12, 2025. The IPO is expected to be one of the significant public issues in the automotive industry this year.

About Hero Motors Ltd.

Hero Motors Limited is an auto-component and mobility solutions provider that specialises in designing, developing, and supplying advanced powertrain solutions to original equipment manufacturers (OEMs) across the US, Europe, India, and the ASEAN region. Distinct from Hero MotoCorp, which focuses on manufacturing two-wheelers, Hero Motors is dedicated to high-precision engine and transmission components.

The company's diverse product portfolio caters to a wide range of vehicles, including:

  • Two-wheelers and e-bikes

  • High-performance cars and off-road vehicles

  • Electric and hybrid cars

  • Heavy-duty vehicles

Hero Motors operates two primary business segments: Powertrain Solutions, which includes systems like gearboxes and transmission assemblies, and Alloys and Metallics, which involves special materials for various vehicle types. The company is a key supplier to global automotive giants such as BMW and Ducati.

Hero Motors IPO Details (2025)

  • IPO Dates: The official dates for the IPO are yet to be announced. The company refiled its Draft Red Herring Prospectus (DRHP) on June 30, 2025.

  • Issue Size: The IPO is expected to raise approximately Rs 1,200 crore. This includes a fresh issue of shares worth Rs 800 crore and an Offer for Sale (OFS) of Rs 400 crore by the promoters.

  • Price Band & Lot Size: The price band and minimum lot size are yet to be announced.

  • Listing: The shares will be listed on both the BSE and NSE.

  • Registrar: KFin Technologies Limited has been appointed as the registrar for the IPO.

Use of IPO Proceeds

The funds raised from the fresh issue will be utilised for several key objectives, including:

  • Repayment or pre-payment of certain borrowings.

  • Investment in new equipment for capacity expansion at its facility in Gautam Buddha Nagar, Uttar Pradesh.

  • Funding the company's working capital requirements.

  • General corporate purposes.

What You Can Find on This Page

This page provides a comprehensive overview of the Hero Motors IPO, including:

  • Live IPO Subscription Status: Track the subscription numbers once the IPO is open.

  • Grey Market Premium (GMP): Get the latest GMP updates to gauge market sentiment.

  • Allotment and Listing Information: Find out the allotment status and track the share price once it is listed.

  • Financial Data: Access detailed financial statements and key performance indicators from the company's DRHP.

  • Analyst Reviews: Read expert opinions and recommendations on whether to subscribe to the IPO.

Frequently Asked Questions (FAQs) about Hero Motors IPO

Q1: What is the issue size of the Hero Motors IPO?
The total IPO size is approximately Rs 1,200 crore, comprising a fresh issue of Rs 800 crore and an OFS of Rs 400 crore.

Q2: When will the Hero Motors IPO be launched?
The official dates have not been announced yet, but with SEBI's approval, the launch is expected soon.

Q3: What does Hero Motors do?
Hero Motors is an auto-component company that specialises in advanced powertrain solutions, such as gearboxes and transmission systems, for a wide range of vehicles.

Q4: How will the IPO proceeds be used?
The funds will be used for debt reduction, capacity expansion, and to meet working capital requirements.

For the latest updates on the Hero Motors IPO, including dates, price band, and other details, keep visiting this page.

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