Hero Motors IPO
Hero Motors Limited is one of the leading companies in the case of design, development, and supply of advanced powertrain solutions to OEMs in the US, Europe, India, and ASEAN. The company offers a variety of products used in different types of vehicles, such as two-wheelers, e-bikes, high-performance cars, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL aircraft.
IPO GMP
₹0
+0% expected gain
Price Band
₹84
Lot Size
178 shares
Min Investment
₹14,952
Listing Date
September 23, 2026
About Hero Motors
Company overview, business, and key facts.
Hero Motors Limited is one of the leading companies in the case of design, development, and supply of advanced powertrain solutions to OEMs in the US, Europe, India, and ASEAN. The company offers a variety of products used in different types of vehicles, such as two-wheelers, e-bikes, high-performance cars, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL aircraft.
The company is blessed with various products, as its products are deployed in various things such as bikes, e-bikes, cars, off-road and heavy vehicles, electric and hybrid models, and flying vehicles like eVTOLs. Hero Motor Limited has two main business areas: Powertrain Solutions, systems that help vehicles move by turning energy into motion. Alloys and Metallics, which are Special materials used in electric, fuel-based, and hybrid vehicles, are suitable for all types of powertrains.
Headquarters
Ludhiana, Punjab
Promoters
Pankaj Munjal, Charu Munjal, Abhishek Munjal, O P Munjal Holdings
Website
http://www.heromotors.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Hero Motors IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹3,815.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
92.7x
Peer median 56.2x (premium of 64.9%)
Price to sales
3.14x
Revenue growth, 2026
+9.5%
6% a year over the period
Profit growth, 2026
+25.5%
55.4% a year over the period
Profit margin (PAT)
3.4%
EBITDA margin 12.44%
ROE / ROCE
8.56% / 19.77%
As published in the offer document
Promoter holding
85.57% → 61.63%
Before → after the IPO
Issue mix
60% fresh / 40% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹0
178 shares on ₹14,952. GMP is unofficial.
What stands out
- Profit grew 25.5% in 2026.
- GMP has been rising over the last three readings.
Watch-outs
- Thin profit margin: PAT margin was 3.4% in 2026.
- Priced at a 64.9% premium to the peer median P/E of 56.2.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Hero Motors's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Hero Motors IPO Review
Analysis based on live GMP, subscription, and issue details.
Hero Motors IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
The IPO has been subscribed 6.64x overall — QIB: 1.49x, NII: 9.85x, Retail: 8.2x.
Hero Motors IPO subscription has closed. The shares are expected to list on September 23, 2026.
The minimum investment required is ₹14,952 for 178 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Hero Motors IPO — Frequently Asked Questions
What is Hero Motors IPO GMP today?
Hero Motors IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0%. GMP is indicative and subject to change.
What is the price band of Hero Motors IPO?
The price band for Hero Motors IPO is ₹84 with a lot size of 178 shares. The minimum investment required is ₹14,952.
When is Hero Motors IPO allotment date?
Hero Motors IPO allotment is expected to be finalised on September 21, 2026. You can check your allotment status on the registrar's website (KFin Technologies Limited) using your PAN number.
When will Hero Motors IPO list on NSE/BSE?
Hero Motors IPO is expected to list on BSE & NSE on September 23, 2026.
How to check Hero Motors IPO allotment status?
To check Hero Motors IPO allotment status, visit the registrar's website (KFin Technologies Limited) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Hero Motors IPO?
Hero Motors IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Hero Motors IPO?
The lot size for Hero Motors IPO is 178 shares per lot. The minimum investment for retail investors is ₹14,952. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.