Status
Listed
Price band
₹79–₹84
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
178 shares
Minimum money
₹14,952 for 1 lot
Issue size
₹1,000 crore
Dates
16 Sept 2026 – 18 Sept 2026
Official links
- Prospectus
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
Hero Motors Ltd. IPO is listed. It opens on 16 Sept 2026 and closes on 18 Sept 2026. The price band is ₹79 to ₹84. One lot is 178 shares, and the minimum amount is ₹14,952. The issue size is ₹1,000 crore, with a fresh issue of ₹600 crore and an offer for sale of ₹400 crore. In FY26, total income was ₹1,216.74 crore and profit after tax was ₹41.17 crore. Total income was up 9.5% from ₹1,111.23 crore in FY25. Profit after tax was up 25.5% from ₹32.8 crore in FY25.
The total subscription for Hero Motors Ltd. is 7.01 times.
Hero Motors Ltd. listed at ₹82.
Hero Motors is an automotive technology company that designs and makes engineered powertrain solutions. It supplies vehicle makers (OEMs).
Dates
Opens
16 Sept 2026
Closes
18 Sept 2026
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
21 Sept 2026
Refunds
22 Sept 2026
Demat credit
22 Sept 2026
Listing
23 Sept 2026
Objects of the issue
- Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by Company
- Capital expenditure of Company through purchase of equipment for expansion in capacity of Gautam Buddha Nagar, Uttar Pradesh facility
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes(
- Issue Expenses
Promoters
Pankaj Munjal, Charu Munjal, Abhishek Munjal and O P Munjal Holdings
Subscription
Subscribed 7.01x overall. Final, as of 18 Sept 5 pm IST.
Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
1.59x
Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
10.47x
Retail
8.62x
Total
7.01x
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹600 crore |
| Offer for sale | ₹400 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 35% |
| Large bids | 15% |
| Big funds | 50% |
Issue
- Face value
- ₹10
- Fresh issue
- ₹600 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹400 crore
- Exchanges
- BSE, NSE
- Registrar
- Kfin Technologies Ltd.
Reservation
- Retail
- 35%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 50%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
| Year | Total income | Profit |
|---|---|---|
| FY24 | ₹1,083.42 crore | ₹17.04 crore |
| FY25 | ₹1,111.23 crore | ₹32.8 crore |
| FY26 | ₹1,216.74 crore | ₹41.17 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY24 | ₹385.44 crore |
| FY25 | ₹423.95 crore |
| FY26 | ₹482.45 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY24 | 1,083.42 | 17.04 | 385.44 | — | — |
| FY25 | 1,111.23 | 32.8 | 423.95 | — | — |
| FY26 | 1,216.74 | 41.17 | 482.45 | — | — |
Listing
- Listing price
- ₹82
- Close on listing day
- ₹98.4
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- -2.38% versus ₹84
Frequently asked questions
When does this issue open?
It opens on 16 Sept 2026 and closes on 18 Sept 2026.
What is the lot size and the minimum amount?
One lot is 178 shares. The minimum amount is ₹14,952 for 1 lot.
When are allotment and listing?
Allotment is on 21 Sept 2026. Listing is on 23 Sept 2026.
What is the price band?
The price band is ₹79 to ₹84.
What is the issue size?
The issue size is ₹1,000 crore.
How many times was it subscribed?
The total subscription is 7.01 times, checked 18 Sept 2026, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is -2.38%.
This page is a calendar of dates and prices. It is not a recommendation to apply.