Hero Motors Limited
ListedMainboardIndustrials / Automotive · NSE / BSE
Hero Motors, which began operations in 2001 in the Alloys and Metallics segment, has grown into one of India’s leading automotive technology companies. The company specializes in designing, developing, manufacturing, and supplying advanced powertrain solutions for automotive OEMs worldwide. Its products cater to a wide range of vehicles, including two-wheelers, performance vehicles, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and electric vertical take-off and landing (eVTOL) systems. Hero Motors has a diverse portfolio for both electric vehicles (EVs) and internal combustion engine vehicles (ICEs), and it is the only Indian manufacturer exporting CVT hubs to global e-bike OEMs, as well as producing integrated electric powertrain products for e-bikes. The company has expanded through acquisitions and joint ventures, developing strong in-house design, engineering, manufacturing, and validation capabilities, supported by R&D resources, specialized equipment, assembly lines, and end-of-line testing machines.
Price Band
₹79 – ₹84
Issue Size
₹11904.76 L Cr
Lot Size
178 shares
GMP
₹3
-3.6%
Est. Listing
₹81
at current GMP
Subscribed
7.08x
overall
Open
16 Sep 2026
Close
18 Sep 2026
Allotment
21 Sep 2026
Refund
22 Sep 2026
Demat Credit
23 Sep 2026
Listing
23 Sep 2026
Last updated 5 days ago
Overall Subscription
7.08x
Total Demand
QIB Multiplier
1.59x
Institutions & Funds
NII / HNI
10.48x
High Net-Worth
Retail (RII)
8.76x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 23,809,525 | 37,755,046 | 1.59x |
| NIB | 17,857,143 | 187,138,520 | 10.48x |
| HNIs(10L +) | 11,904,762 | 102,602,048 | 8.62x |
| HNIs (2-10L) | 5,952,381 | 84,536,472 | 14.20x |
| RETAIL | 41,666,666 | 364,833,072 | 8.76x |
| Total | 101,190,477 | 776,865,158 | 7.08x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 234,082 | 3,440,989 | 14.70x |
| HNIs(10L +) | 4,777 | 11,419 | 2.39x |
| HNIs (2-10L) | 2,389 | 53,253 | 22.29x |
| Total Applications | 241,248 | 3,505,661 | 14.53x |
Day-Wise Subscription Progress
About Hero Motors Limited Public Issue & Market Profile
Hero Motors Limited is bringing an initial public offering (IPO) in the Industrials / Automotive sector with an aggregate issue size of ₹11,90,47,618 Crores. The shares are offered at a price band of ₹79 to ₹84 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2026-09-18, the basis of allotment is scheduled to be finalized on 2026-09-21. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is the issue size and price band for Hero Motors Limited IPO?
The Hero Motors Limited IPO aggregate issue size is ₹11,90,47,618 Crores with an equity price band set at ₹79 to ₹84 per equity share. The retail lot size is 178 shares requiring a minimum capital outlay of approx. ₹14,952.
How can I check Hero Motors Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Hero Motors Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-09-21.