Hero Motors IPO Details
Hero Motors IPO Summary
Hero Motors IPO opens for subscription on 16 Sep 2026 and closes on 18 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 23 Sep 2026.
Hero Motors IPO price band has been fixed at ₹79 – ₹84 per share. The face value is ₹10 per share with a lot size of 178.
Hero Motors IPO total issue size comprises 11,90,47,618 shares (aggregating up to ₹1000.00 Cr). This includes a fresh issue of 7,14,28,571 shares (aggregating up to ₹600.00 Cr). Offer for Sale consists of 4,76,19,047 shares (aggregating up to ₹400.00 Cr). Pre-issue shareholding stands at 38,27,87,005, which will increase to 45,42,15,576 post-issue.
Hero Motors IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Hero Motors IPO Lot Size :Retail Minimum is 1 lot (178 shares) amounting to ₹14,952. Retail Maximum is 13 lots (2,314 shares) amounting to ₹1,94,376. SHNI Minimum is 14 lots (2,492 shares) amounting to ₹2,09,328. SHNI Maximum is 66 lots (11,748 shares) amounting to ₹9,86,832. BHNI Minimum is 67 lots (11,926 shares) amounting to ₹10,01,784.
Hero Motors IPO Details
Hero Motors IPO Subscription
Hero Motors IPO Application Wise Breakup (Approx)
Hero Motors IPO Dates
- 16 Sep 2026Opening dateOpen
- 18 Sep 2026Closing dateClose
- 21 Sep 2026Allotment Date Allotment
- 22 Sep 2026Initiation of RefundsRefund
- 22 Sep 2026Credit of SharesCredit
- 23 Sep 2026Listing dateListing
Hero Motors IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 178 | ₹14,952 |
| Retail Maximum | 13 | 2314 | ₹1,94,376 |
| SHNI Minimum | 14 | 2492 | ₹2,09,328 |
| SHNI Maximum | 66 | 11748 | ₹9,86,832 |
| BHNI Minimum | 67 | 11926 | ₹10,01,784 |
Hero Motors IPO Reservation
Promoter Holding
Documents
Hero Motors IPO Valuations
Hero Motors Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,371.83 | 1,164.62 | 1,059.86 |
| Total Income | 1,216.74 | 1,111.23 | 1,083.42 |
| Profit After Tax | 41.17 | 32.80 | 17.04 |
| EBITDA | 147.78 | 114.00 | 86.28 |
| NET Worth | 482.45 | 423.95 | 385.44 |
| Reserves and Surplus | 116.32 | 67.71 | 32.26 |
| Total Borrowing | 400.79 | 407.62 | 304.00 |
| Amount in ₹ Crore | |||
About Hero Motors IPO
Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs) across the United States, Europe, India and ASEAN region. The Company provides integrated solutions for both electric and non-electric powertrains, serving two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles and eVTOL applications.
The Company offers system-level and component-level solutions covering designing, prototyping, validation, development and delivery of powertrain systems. It is recognized for its expertise in continuously variable transmissions (CVT), EV transmissions, electric motors, integrated drive units and gear sets. The Company also has a first-mover position in the global e-bike powertrain market and is the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrain products for e-bikes.
The Company's operations are divided into Powertrain Solutions and Alloys and Metallics (A&M) segments. Powertrain Solutions comprises Gears and Transmissions (G&T), serving automotive and mobility applications, and Bike Powertrain (BPT), focused on micro-mobility applications and global e-bike manufacturers. The A&M segment provides sheet metal and tubular assemblies and components primarily to automotive OEMs.
The Company has established relationships with global customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV and HWA, along with leading global e-bike manufacturers. It focuses on technology and innovation through in-house design and engineering capabilities and partnerships with global technology players.
As of March 31, 2026, the Company had 1,388 permanent employees and 707 contract labourers.
Strength Of Hero Motors IPO
- Among India's Leading Solutions Provider to Global E-Mobility Industry backed by Diversified Product and Service Offerings.
- Growing Market Presence in the Electric Bikes and Premium Two-Wheelers Segments.
- Longstanding Relationships with Premier Global Original Equipment Manufacturers and Expertise in Delivering Solutions.
- Advanced Infrastructure with Geographically Diverse Operations.
- Strong Research and Development Capabilities and Long-Term Partnerships.
Risk Of Hero Motors IPO
- The company generates a portion of its revenue from operations from jurisdictions outside India, in particular, from Europe which contributed 26.27%, 29.33%, 32.47% and 29.34% of the company's revenue from operations, in the nine months ended December 31, 2024 and Fiscal 2024, 2023 and 2022, respectively. Any adverse events affecting these jurisdictions could have an adverse impact on its revenue from operations.
- The company's business is dependent on the performance of certain industries particularly e-bikes and two wheelers, both in the Indian and overseas markets. Any adverse changes in the conditions affecting these industries can adversely impact its business, results of operations, cash flows and financial condition.
- The company depends on a certain limited set of suppliers for the supply of critical raw materials. Further, the company does not have definitive supply agreements with all the company's suppliers for the supply of raw materials. Interruptions in the supply of raw materials could adversely affect its business, financial condition, results of operations and cash flows.
- The company is subject to strict performance requirements, including, but not limited to, quality and delivery, by its customers, and any failures by the company to comply with these performance requirements may lead to recalls or warranty liability claims, reduction of share of business or the cancellation of existing or future orders, which could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The company's business largely depends upon its top 10 customers. In the nine months ended December 31, 2024 and Fiscal 2024, 2023 and 2022 the company's revenue from operations from top 10 customers was Rs. 6,010.73 million, Rs. 8,191.86 million, Rs. 9,369.23 million, and Rs. 7,859.23 million, representing 74.46%, 76.96%, 88.84%, and 85.97% of its revenue from operations, respectively. The loss of any of these customers could have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The company may not be able to anticipate and respond swiftly to changing technological and market trends, as well as to develop new products aligned with customer demands in the automotive sector, which could have an adverse impact on its financial condition.
- The company may not be able to compete effectively in the global powertrain solutions industry which could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The company's inability to maintain and protect its brand and business reputation could adversely affect the company's business, prospects and financial performance.
- The company's manufacturing facilities and technology centres are subject to operating risks. Any shutdown of its existing technology centres and manufacturing facilities or future technology centres and manufacturing facilities or any other operational problems caused by unforeseen events may reduce sales, market share and adversely affect its business, cash flows, results of operations and financial condition.
- The Company may not be successful in implementing its strategies, including increasing focus on providing complete systems and powertrain solution for e-mobility segment, expanding into other market segments and geographies which may adversely affect its business, cash flows, results of operations and future prospects.
Objectives Hero Motors IPO
1. Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by Company
2. Capital expenditure of Company through purchase of equipment for expansion in capacity of Gautam Buddha Nagar, Uttar Pradesh facility
3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Company Contact Details
Hero Motors Ltd.
Hero Nagar,
GT Road,
Ludhiana
Ludhiana, Punjab, 141003
Phone: + 91 120441200
Email: investorrelations@heromotors.com
Website: http://www.heromotors.com/
Registrar Contact Details
Hero Motors FAQs
The Hero Motors IPO is a MAINBOARD public issue comprising 119047618 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹1000.00 Cr. The issue price has been fixed at ₹84 per equity share, and the minimum application size is 178 shares.
The IPO opens for subscription on 16 Sep 2026, and closes on 18 Sep 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹0 (0%).
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