Hero Motors Limited, a powertrain solutions and automotive components manufacturer promoted by the Hero Group, is set to enter the primary market with its ₹1,000 crore initial public offering (IPO). The public issue will open for subscription on September 16, 2026, and close on September 18, 2026.
The company has fixed the Hero Motors IPO price band at ₹79 to ₹84 per equity share. At the upper end of the price band, the company will be valued at around ₹3,815 crore. The shares are expected to be listed on both the BSE and NSE on September 23.
Hero Motors IPO: Key Details
Particulars Details
IPO Size ₹1,000 crore
Price Band ₹79–₹84 per share
IPO Opening Date: September 16, 2026
IPO Closing Date: September 18, 2026
Face Value ₹10 per equity share
Fresh Issue ₹600 crore
Offer for Sale ₹400 crore
Lot Size 178 shares
Minimum Investment ₹14,952 at the upper price band
Allotment Date: September 21, 2026
Expected Listing Date: September 23, 2026
Listing Exchanges: BSE and NSE
The face value of Hero Motors shares is ₹10, correcting the ₹2 figure mentioned in the supplied copy. Retail investors will need to bid for a minimum of 178 shares, requiring ₹14,952 at the upper end of the price band.
Hero Motors IPO: Fresh Issue and OFS
The ₹1,000 crore public issue comprises a ₹600 crore fresh issue and a ₹400 crore Offer for Sale (OFS).
The proceeds from the fresh issue will be used partly to repay debt and to purchase equipment for capacity expansion at the company's facility in Gautam Buddha Nagar, Uttar Pradesh. The company also plans to use part of the proceeds for inorganic growth and general corporate purposes.
The OFS component will allow existing shareholders to sell their stakes. The revised structure includes shares worth approximately ₹395 crore from O P Munjal Holdings and ₹5 crore from Hero Cycles.
Hero Motors IPO: Important Dates
The IPO will open for public subscription on Wednesday, September 16, and close on Friday, September 18. Anchor investors can participate on September 15.
The share allotment is scheduled for September 21, with shares expected to be credited to successful bidders' demat accounts on September 22. Hero Motors shares are expected to make their market debut on September 23, 2026.
Hero Motors Business
Hero Motors provides engineered powertrain solutions to automotive original equipment manufacturers and mobility companies. The company has manufacturing facilities in India, the UK and Thailand and serves customers across markets including the US, Europe, India and ASEAN.
Its customer base includes global names such as BMW and Ducati, among others.
Hero Motors IPO: Lead Managers and Registrar
ICICI Securities, DAM Capital Advisors and JM Financial are the book-running lead managers for the Hero Motors IPO. KFin Technologies is the registrar to the issue.
Hero Motors IPO: What Investors Should Know
The IPO allows investors to participate in Hero Motors' planned expansion and deleveraging strategy. However, investors should examine the company's financial performance, valuation, IPO objectives, and associated risks before making an investment decision.
At the upper end of the price band, Hero Motors is seeking a valuation of approximately ₹3,815 crore.
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