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Hero Motors IPO | Key Dates, Price Band, and Lot Size
Author
Shoonya Team
Hero Motors Limited is launching a ₹1,000 crore IPO, opening for subscription on September 16, 2026. The IPO will close on September 18, 2026. The shares will be listed on the BSE and NSE, with a tentative listing date of September 23, 2026.
The price band is set at ₹79 to ₹84 per share, and the minimum lot size is 178 shares. Retail investors need a minimum investment of ₹14,952 at the upper price band. In comparison, sNII investors must apply for at least 2,492 shares worth ₹2,09,328, while bNII investors must apply for at least 11,926 shares worth ₹10,01,784.
The Hero Motors IPO comprises a fresh issue of 7.14 crore shares aggregating to ₹600 crore and an offer for sale of 4.76 crore shares aggregating to ₹400 crore.
Hero Motors Limited | IPO Details
| Detail | Information |
|---|---|
| IPO Opening Date | September 16, 2026 |
| IPO Closing Date | September 18, 2026 |
| Tentative IPO Listing Date | September 23, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹79 – ₹84 per share |
| Lot Size | 178 shares |
| Total Issue Size | 11,90,47,618 shares, aggregating to ₹1,000 crore |
| Fresh Issue | 7,14,28,571 shares, aggregating to ₹600 crore |
| Offer for Sale | 4,76,19,047 shares, aggregating to ₹400 crore |
| IPO Segment | Main Board, Book-Building IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 38,27,87,005 shares |
| Shareholding Post-Issue | 45,42,15,576 shares |
| Market Cap (At Upper Price) | ₹3,815.41 Cr |
Hero Motors Limited | Company Overview
Hero Motors Limited is an automotive technology company that designs, develops and manufactures engineered powertrain solutions. It serves automotive original equipment manufacturers across India, Europe, the US and the ASEAN region.
The company provides solutions for electric and non-electric powertrains used in two-wheelers, e-bikes, performance vehicles, off-road vehicles, electric and hybrid cars, heavy-duty vehicles and electric vertical take-off and landing aircraft.
Hero Motors serves customers including BMW, Ducati, Enviolo, Formula Motorsport, Hummingbird EV and HWA. As of March 31, 2026, it had 1,388 permanent employees and 707 contract workers.
Considering the Hero Motors IPO?
Subscription open September 16–18, 2026 · Price band ₹79–₹84 · Min. investment ₹14,952
Hero Motors Limited | Key Dates
- IPO Opening Date: September 16, 2026
- IPO Closing Date: September 18, 2026
- Allotment Date: September 21, 2026
- Refunds Initiated: September 22, 2026
- Shares Credited to Demat: September 22, 2026
- Listing Date: September 23, 2026
- Cut-off Time for UPI Mandate Confirmation: 5 PM on September 18, 2026
Hero Motors Limited IPO | Lot Size & Investment
Investors can bid for a minimum of 178 shares and in multiples thereof. The application amounts below are calculated at the upper price band of ₹84 per share.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 178 | ₹14,952 |
| Retail Maximum | 13 | 2,314 | ₹1,94,376 |
| sNII Minimum | 14 | 2,492 | ₹2,09,328 |
| sNII Maximum | 66 | 11,748 | ₹9,86,832 |
| bNII Minimum | 67 | 11,926 | ₹10,01,784 |
Investor Category Reservations
| Category | Application Value | Cut-off Price Option |
|---|---|---|
| RII | Up to ₹2 lakh | Yes |
| sNII | Above ₹2 lakh and up to ₹10 lakh | No |
| bNII | Above ₹10 lakh | No |
Up to 50% of the offer is available to Qualified Institutional Buyers, at least 35% to retail investors, and at least 15% to Non-Institutional Investors.
Hero Motors Limited | Financial Overview
Hero Motors’ total income increased by approximately 9% between the financial years ending March 31, 2025, and March 31, 2026.
Here is a snapshot of its year-on-year financial performance:
| Detail | 31-Mar-26 | 31-Mar-25 | Change | Change % |
|---|---|---|---|---|
| Assets | 1,371.83 | 1,164.62 | +207.21 | +17.79% |
| Total Income | 1,216.74 | 1,111.23 | +105.51 | +9.50% |
| Profit After Tax | 41.17 | 32.80 | +8.37 | +25.52% |
| EBITDA | 147.78 | 114.00 | +33.78 | +29.63% |
| Net Worth | 482.45 | 423.95 | +58.50 | +13.80% |
| Reserves and Surplus | 116.32 | 67.71 | +48.61 | +71.79% |
| Total Borrowings | 400.79 | 407.62 | -6.83 | -1.68% |
Hero Motors Limited IPO | FAQs
When does the Hero Motors IPO open and close?
The Hero Motors IPO opens on September 16, 2026, and closes on September 18, 2026.
What is the price band and lot size for the Hero Motors IPO?
The price band for Hero Motors IPO is ₹79 to ₹84 per share, and the minimum lot size is 178 shares. Retail investors must apply for at least one lot, amounting to ₹14,952 at the upper price band.
How can I check the allotment status of the Hero Motors IPO?
You can check the Hero Motors IPO allotment status on KFin Technologies Limited’s website using your PAN, application number or Demat account details.
Who is the registrar for the Hero Motors IPO?
KFin Technologies Limited is the registrar for the Hero Motors IPO.
What is the refund and Demat credit date for the Hero Motors IPO?
Refunds or the release of blocked funds for Hero Motors are tentatively scheduled for September 22, 2026. Shares are also expected to be credited to successful applicants’ Demat accounts on the same date.
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