Hero Motors logo

Hero Motors

Closed

IPO Timeline

Issue open date

16 Sep 2026

Issue close date

18 Sep 2026

UPI mandate deadline

18 Sep 2026

Allotment finalization

21 Sep 2026

Refund initiation

22 Sep 2026

Share credit

22 Sep 2026

Listing date

23 Sep 2026

Mandate end date

3 Oct 2026

Lock-in end date for anchor investors (50%)

20 Oct 2026

Lock-in end date for anchor investors (remaining)

19 Dec 2026

Grey Market Premium Trend

₹3
Current GMP
₹87
Est. Listing Price
3.6%
Est. Listing Gain
₹79 - ₹84
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
16 Sep₹3₹873.57%
15 Sep₹13₹9715.48%
14 Sep₹19₹10322.62%
13 Sep₹23₹10727.38%
12 Sep₹24₹10828.57%
11 Sep₹24₹10828.57%
10 Sep₹10₹9411.90%
9 Sep₹8₹929.52%
💸

IPO Subscription Status

CategoryTimesAllotment Chances
HNIs (Total)10.48🔥9.5%
bHNI8.62🔥11.6%
sHNI14.2🔥7.0%
QIBs1.5962.9%
Retail8.72🔥11.5%
Last updated: 18 September'26 04:43PM

Key Dates

Open
16 Sep 2026
Close
18 Sep 2026
Listing
23 Sep 2026

Quick Stats

Issue Size:1000cr
Lot Size:178 shares

About the Company

Hero Motors Limited is a solution provider in the powertrain sector engaged in manufacturing and supplying a wide range of electrified and non-electrified powertrains along with alloy and metallic components. The company operates primarily through two distinct business segments, namely Powertrain Solutions and Alloys and Metallics, catering to two-wheelers, e-bikes, motorsport, and performance automotive industries. It generates revenue by selling specialized components, gears, transmissions, hubs, and metal assemblies directly to original equipment manufacturers operating across India, Europe, the United States, and other international markets. Supported by integrated design, research, and engineering capabilities, the company maintains manufacturing facilities and technology centers across India, the United Kingdom, and Thailand. Its operational specialization covers product design, prototyping, and large-scale manufacturing focused on delivering custom-engineered solutions to domestic and global automotive client bases.  

Strengths

  • Integrated design and manufacturing for global powertrain solutions.
  • Diverse product offerings in Powertrains and Alloys & Metallics.
  • Established international footprint with global manufacturing hubs.
  • Strong relationships with key global and domestic automotive OEMs.
  • Experienced management team with deep automotive industry expertise.

Risks

  • Revenue is heavily reliant on the top 10 key customers.
  • Business depends on performance in the two-wheeler and e-bike sectors.
  • High revenue exposure to overseas markets and foreign currencies.
  • Lack of long-term supply agreements for critical raw materials.
  • Manufacturing involves hazardous materials and strict regulatory norms.

Hero Motors IPO – Frequently Asked Questions

  • The price band for the Hero Motors IPO is set at ₹79 to ₹84 per share.
  • The Hero Motors IPO opens on September 16, 2026 and closes on September 18, 2026.
  • The tentative listing date for the Hero Motors IPO is September 23, 2026.
  • You can apply for the Hero Motors IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Hero Motors, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Hero Motors IPO is 178 shares. Investors must apply for at least one lot (i.e., 178 shares).