Hero Motors IPO to Open on September 16, 2026; Check Price Band, Issue Size and Key Details

The ₹1,000.00 Hero Motors IPO is set to open for public subscription on September 16, 2026. According to the Red Herring Prospectus (RHP), the book-built issue comprises a fresh issue of 7.14 crore equity shares aggregating up to ₹600.00 crore and an offer for sale (OFS) of 4.76 crore equity shares worth ₹400.00 crore by its existing shareholders.

The IPO will remain open until September 18, 2026. The basis of allotment is expected to be finalised on September 21, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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 Category-wise Investment Limits

The application size for each category is as follows -

The minimum investment amount for each category, based on the upper price band of ₹84 per share, is as follows -

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 one of India's leading automotive technology companies, specializing in the design, development, manufacturing, and supply of highly engineered powertrain solutions for automotive OEMs across the United States, Europe, India, and the ASEAN region. It offers end-to-end powertrain solutions, from design and prototyping to validation and production, for both electric and internal combustion engine (ICE) vehicles, serving segments such as two-wheelers, hybrid and electric cars, performance vehicles, e-bikes, off-road vehicles, heavy-duty vehicles, and aerospace mobility applications.

The company's operations are divided into two business segments: Powertrain Solutions and Alloys & Metallics (A&M). Its Powertrain Solutions business includes Gears & Transmissions for automotive and mobility applications, and Bike Powertrain focused on global e-bike manufacturers. Known for its expertise in CVTs, EV transmissions, electric motors, integrated drive units, and gear systems, the company is also the only Indian manufacturer exporting CVT hubs and integrated electric powertrain products for global e-bike OEMs from India.

Key Financial Highlights 

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