HERO MOTORS IPO
HERO MOTORS is a MAINBOARD IPO with a current status of LISTED. The price band is 79 - 84 . The issue opens on 16 SEP and closes on 18 SEP. The listing date is 23 SEP.
Price Band
79 - 84
Unofficial GMP
₹0
Lot Size
178 shares
Minimum Investment
₹14,952
HERO MOTORS IPO GMP
The latest available GMP is ₹0. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹84.00
Estimated Gain
0.0%
HERO MOTORS IPO GMP History
24
13 SEP
23
14 SEP
19
15 SEP
20
16 SEP
13
17 SEP
3
18 SEP
2
19 SEP
0
20 SEP
0
21 SEP
0
22 SEP
0
22 SEP
0
23 SEP
HERO MOTORS IPO Details
- IPO Type
- MAINBOARD
- Status
- LISTED
- Price Band
- 79 - 84
- Issue Size
- 1000.00 Cr
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹600.00 Cr
- Offer for Sale
- ₹400.00 Cr
- Face Value
- 10
- Lot Size
- 178
- Minimum Investment
- 14,952
- Exchange
- BSE, NSE
- Registrar
- Kfin Technologies Ltd.
- Lead Managers
- ICICI Securities Ltd.
HERO MOTORS IPO Dates
- Open Date
- 16 SEP
- Close Date
- 18 SEP
- Allotment Date
- 21 SEP
- Refund Date
- 22 SEP
- Demat Credit Date
- 22 SEP
- Listing Date
- 23 SEP
HERO MOTORS IPO Subscription
- QIB
- 1.49x
- NII / HNI
- 9.85x
- Retail
- 8.20x
- Employee
- --
- Total Subscription
- 6.64x
HERO MOTORS IPO Financials
Revenue
FY2026
₹1,188.35 Cr
+9.06% vs FY2025
PAT
FY2026
₹41.17 Cr
+25.52% vs FY2025
Total Assets
FY2026
₹1,371.83 Cr
+17.79% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 1,064.39 | 1,089.59 | 1,188.35 |
| Net Profit | 17.03 | 32.80 | 41.17 |
| Total Assets | 1,058.85 | 1,164.62 | 1,371.83 |
HERO MOTORS IPO Valuation
- Market Cap (Post IPO)
- ₹3815.41 Cr
- EPS
- 1.08
- P/E Ratio
- 77.78x
- Price to Book Value
- 6.60
- ROE
- 8.56%
- ROCE
- 19.77%
- RONW
- 8.53%
- Debt / Equity
- 0.83%
- PAT Margin
- 3.46%
- EBITDA Margin
- 12.44%
- Valuation
- EXPENSIVE
HERO MOTORS Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| CIE Automotive India Ltd. | 9,406.47 CR | 822.97 | 21.69 | 17.68x | 13.18% | 13.18% | -- |
| Endurance Technologies Ltd. | 14,595.88 CR | 951.71 CR | 67.66 | 40.84x | 15.29% | 15.29% | -- |
| Sona BLW Precision Forgings Ltd. | 4,449.46 CR | 629.19 CR | 10.30 | 76.50x | 10.77% | 10.77% | -- |
HERO MOTORS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 178 | ₹14,952 |
| Retail Maximum | 13 | 2,314 | ₹1,94,376 |
| Small HNI | 14 | 2,492 | ₹2,09,328 |
| Big HNI | 67 | 11,926 | ₹10,01,784 |
HERO MOTORS IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 35%
HERO MOTORS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 84.67%
- Post-IPO Promoter Holding
- 61.63%
- Anchor Allocation
- 3,57,14,284 SHARE
HERO MOTORS Company Overview
Hero Motors Limited is an automotive technology and manufacturing company focused on powertrain solutions for electric and non-electric vehicles. It supplies automotive OEMs across India, Europe, the US and ASEAN markets. Its operations include gears and transmission systems, e-bike powertrains and other mobility-related engineering solutions. The company combines manufacturing with engineering and R&D capabilities and has exposure to the growing e-mobility segment. Its customer base includes international automotive and mobility companies such as BMW, Ducati, Enviolo International, Formula Motorsport, Hummingbird EV and HWA AG.
HERO MOTORS Business Model
manufactures solutions for both conventional/internal-combustion and electric mobility applications. Its manufacturing footprint includes facilities in Gautam Budh Nagar and Ludhiana, while the group also has international operations and engineering capabilities. A notable part of its growth strategy is e-mobility, including electric-bike and premium two-wheeler applications. Its integrated engineering, R&D and manufacturing capabilities allow the company to work with global OEM customers on specialised powertrain requirements.
HERO MOTORS Objects of the Issue
Objects Amount Repayment/prepayment/redemption of certain outstanding borrowings ₹190 Cr Purchase of equipment for capacity expansion at Gautam Buddha Nagar facility ₹200 Cr Inorganic growth through unidentified acquisitions and other strategic initiatives + General Corporate Purposes Balance proceeds These are the revised IPO objects. The ₹400 crore OFS proceeds go to selling shareholders rather than Hero Motors.
HERO MOTORS Strengths
Objects Amount Repayment/prepayment/redemption of certain outstanding borrowings ₹190 Cr Purchase of equipment for capacity expansion at Gautam Buddha Nagar facility ₹200 Cr Inorganic growth through unidentified acquisitions and other strategic initiatives + General Corporate Purposes Balance proceeds These are the revised IPO objects. The ₹400 crore OFS proceeds go to selling shareholders rather than Hero Motors. Strengths Strong R&D and engineering capabilities: Hero Motors has in-house engineering and product-development capabilities, which support its ability to provide specialised powertrain solutions. Relationships with global OEMs: The company has established relationships with international automotive and mobility customers, giving it exposure beyond the Indian market. E-mobility exposure: Its presence in electric-bike and electric powertrain applications positions the business to participate in the transition toward vehicle electrification. Diversified powertrain offerings: Hero Motors operates across electric as well as non-electric powertrain applications rather than depending exclusively on a single propulsion technology. Manufacturing footprint: It has manufacturing operations in Uttar Pradesh and Punjab along with international engineering/manufacturing presence.
HERO MOTORS Risks
Customer concentration: Hero Motors derives a substantial portion of revenue from a relatively limited group of customers. Recent analysis based on its disclosures notes that the top 10 customers account for roughly 73–78% of revenue, making the business sensitive to loss or reduction of orders from major customers. Debt exposure: FY2026 borrowings were approximately ₹400.79 crore. The fact that ₹190 crore of IPO proceeds is earmarked for debt repayment also highlights the current leverage burden, although repayment should reduce it. Subsidiary performance: Certain subsidiaries have reported losses, which could adversely affect consolidated profitability if their performance does not improve. Automotive-sector dependence: Demand for the company's products depends on automotive production, OEM demand, vehicle cycles and the pace of EV adoption. Raw-material and supply-chain risk: Changes in input costs, availability of components and supply-chain disruptions can affect manufacturing costs and margins. International exposure: A meaningful global business brings foreign-currency, geopolitical, regulatory and overseas-demand risks.
HERO MOTORS Frequently Asked Questions
What is the HERO MOTORS IPO price band?
The HERO MOTORS IPO price band is 79 - 84 .
What is the latest HERO MOTORS IPO GMP?
The latest available HERO MOTORS IPO GMP in the IPOWEB database is ₹0. GMP is unofficial and does not guarantee a listing gain.
When does the HERO MOTORS IPO open and close?
The HERO MOTORS IPO opens on 16 SEP and closes on 18 SEP.
When is the HERO MOTORS IPO allotment date?
The HERO MOTORS IPO allotment date is 21 SEP.
When is the HERO MOTORS IPO listing date?
The HERO MOTORS IPO listing date is 23 SEP.
What is the HERO MOTORS IPO subscription?
The latest total subscription available for the HERO MOTORS IPO is 6.64x.