Hero Motors
· Mainboard · NSE, BSE
Price Band
₹79–84
Lot Size
178 shares
Issue Size
₹1,000 Cr
Min. Investment
₹14,952
Grey Market Premium
Last unofficial quote before listing
Cap price plus current GMP: ₹81 — arithmetic, not a forecast
Subscription Status
Hero MotorsIPO: Overview & Key Facts
Hero Motors IPO is a Mainboard issue that listed on NSE, BSE on 23 September 2026. The price band is ₹79–₹84 per equity share, with a market lot of 178 shares. The total issue size is ₹1,000 Cr. At the upper price band, the minimum application for an individual investor is 1 lot (178 shares), amounting to ₹14,952.
Hero Motors IPO GMP & Listing
The last grey market discount (GMP) reported for Hero Motors IPO before listing was ₹3, about 3.57% under the upper price band of ₹84, and informal quotes had eased over the sessions we recorded. The shares opened at ₹82 on listing day, 2.4% below the issue price of ₹84. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy.
Hero MotorsIPO Subscription Status & Demand Analysis
On the latest figures we have, Hero Motors IPO was subscribed 7.01x overall — with QIB at 1.59x, NII at 10.47x, bNII at 8.62x, sNII at 14.17x, Retail at 8.62x, from about 16,24,016 applications. Where the individual-investor category is oversubscribed, allotment in it is decided by a computerised lottery: as many applicants as possible receive the minimum application, chosen at random.
Hero Motors IPO Allotment & Listing
The registrar for this issue is KFin Technologies Ltd.; the basis of allotment was finalised on 21 September 2026 and the shares listed on 23 September 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹84
Listed At
₹82
Current Price
₹110.76
Issue Objectives
- 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
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 5,95,23,808 | 50% |
| − Anchor Investor | 3,57,14,284 | 30% |
| − QIB (Ex. Anchor) | 2,38,09,524 | 20% |
| NII (HNI) | 1,78,57,143 | 15% |
| − bNII > ₹10L | 1,19,04,762 | 10% |
| − sNII < ₹10L | 59,52,381 | 5% |
| Retail | 4,16,66,667 | 35% |
- QIB30.3%
- − Anchor Investor18.2%
- − QIB (Ex. Anchor)12.1%
- NII (HNI)9.1%
- − bNII > ₹10L6.1%
- − sNII < ₹10L3.0%
- Retail21.2%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 178 | ₹14,952 |
| Retail (Max) | 13 | 2314 | ₹1,94,376 |
| S-HNI (Min) | 14 | 2492 | ₹2,09,328 |
| S-HNI (Max) | 66 | 11748 | ₹9,86,832 |
| B-HNI (Min) | 67 | 11926 | ₹10,01,784 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
1.08
EPS (Post IPO)
0.91
ROE
8.53%
P/E (Pre IPO)
77.78
P/E (Post IPO)
92.31
Market Cap
₹3,215.41 Cr.
Contact Details
Hero Motors Ltd. Address
- 91 120441200
- investorrelations@heromotors.com
- https://www.heromotors.com/
Registrar Contact Details
KFin Technologies Ltd.
- +91 40 6716 2222
- einward.ris@kfintech.com
- https://kfintech.com
- Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Hyderabad – 500032
Frequently Asked Questions
Key Dates
- Open Date
- 16 Sept 2026
- Close Date
- 18 Sept 2026
- Basis of Allotment
- 21 Sept 2026
- Listing Date
- 23 Sept 2026
Issue Details
- Registrar
- KFin Technologies
- Exchange
- NSE, BSE