Hero Motors Shares List at 2% Discount on NSE
Hero Motors made a weak stock market debut on Wednesday, September 23, 2026, with its shares listing at a 2.83% discount on the NSE. The stock opened at ₹82 apiece on the NSE against its IPO issue price of ₹84 per share. On the BSE, the shares debuted at ₹82.10 per share, representing a 2.26% discount over the issue price.
The company’s ₹1,000.00 crore IPO was open for subscription from September 16 to September 18, 2026, and witnessed modest investor interest. The issue was subscribed 4.01 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Hero Motors IPO Overall Subscription Status
[September 18, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.78x |
|
Non-Institutional Investors (NIIs) |
7.25x |
|
Retail Individual Investors (RIIs) |
4.46x |
|
Total |
4.01x |
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 advanced powertrain solutions for original equipment manufacturers (OEMs) across India, the US, Europe, and ASEAN. The company provides end-to-end capabilities, covering product design, prototyping, testing, validation, and large-scale manufacturing for both electric and internal combustion engine (ICE) vehicles.
Hero Motors operates through two business segments: Powertrain Solutions and Alloys & Metallics (A&M). Its portfolio includes gears, transmissions, CVTs, EV powertrains, electric motors, and precision drivetrain components used in two-wheelers, passenger vehicles, e-bikes, heavy-duty mobility, and aerospace applications.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
1,188.35 |
1,089.59 |
1,064.39 |
|
EBITDA |
147.78 |
114.01 |
86.28 |
|
Profit After Tax (PAT) |
41.17 |
32.79 |
17.04 |
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