Hero Motors IPO Day 3: Subscription Status, Timeline & Key Issue Details

Hero Motors's ₹1,000 crore initial public offering (IPO) entered its third day of public subscription today, September 18, 2026, with a price band of ₹79 to ₹84 per share. As of 9:15 A.M on the third day of bidding, the issue had been subscribed 3.41 times.

The basis of allotment is expected to be finalised on September 21, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 23, 2026.

Hero Motors IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹1,000.00 crore
• Fresh Issue: Up to ₹600.00 crore
• Offer for Sale (OFS): Up to ₹400.00 crore
• Face Value: ₹10 per equity share
• Price Band: ₹79 to ₹84 per share
• Lot Size: 178 shares
• Minimum Investment Amount (Retail Investor): ₹14,952 (178 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: ICICI Securities Limited, DAM Capital Advisors Limited, JM Financial Limited
• Registrar: KFin Technologies Limited

Hero Motors IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Hero Motors IPO Day 3 Subscription Status

[September 18, 2026, 9:15 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by the company
• Capital expenditure of the company through purchase of equipment required for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility
• Funding inorganic growth through unidentified acquisitions and other strategic initiatives
• General corporate purposes

About Hero Motors Limited

Incorporated in 1998, Hero Motors Limited is an automotive technology company that designs and manufactures powertrain solutions for OEMs across India, the US, Europe, and ASEAN markets. Its capabilities span product design, prototyping, testing, validation, and large-scale manufacturing for both electric and internal combustion engine (ICE) vehicles.

The company operates across two segments: Powertrain Solutions and Alloys & Metallics (A&M). Its product portfolio includes gears, transmissions, CVTs, EV powertrains, electric motors, and precision drivetrain components, catering to applications in two-wheelers, passenger vehicles, e-bikes, heavy-duty mobility, and aerospace.

Key Financial Highlights 

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