{"id":18751,"date":"2026-09-15T04:00:13","date_gmt":"2026-09-15T10:30:13","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=18751"},"modified":"2026-09-15T04:00:14","modified_gmt":"2026-09-15T10:30:14","slug":"hero-motors-limited-ipo","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/","title":{"rendered":"Hero Motors IPO | Key Dates, Price Band, and Lot Size"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/#Hero_Motors_Limited_IPO_Details\" >Hero Motors Limited | IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/#Hero_Motors_Limited_Company_Overview\" >Hero Motors Limited | Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/#Hero_Motors_Limited_Key_Dates\" >Hero Motors Limited | Key Dates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/#Hero_Motors_Limited_IPO_Lot_Size_Investment\" >Hero Motors Limited IPO | Lot Size &amp; Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/#Investor_Category_Reservations\" >Investor Category Reservations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/#Hero_Motors_Limited_Financial_Overview\" >Hero Motors Limited | Financial Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/#Hero_Motors_Limited_IPO_FAQs\" >Hero Motors Limited IPO | FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<nav style=\"--separator: &quot;\/&quot;\" class=\"wp-block-breadcrumbs\" aria-label=\"Breadcrumbs\"><ol><li><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/li><li><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/li><li><a href=\"https:\/\/shoonya.com\/blog\/investing\/ipo\/\">IPO<\/a><\/li><li><span aria-current=\"page\">Hero Motors IPO | Key Dates, Price Band, and Lot Size<\/span><\/li><\/ol><\/nav>\n\n\n<meta charset=\"UTF-8\">\n<meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n<link 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.faq-icon::before,.faq-icon::after{content:\"\";position:absolute;inset:0;margin:auto;background:#fff;border-radius:2px;}\n  .faq-icon::before{width:11px;height:2.5px;}\n  .faq-icon::after{width:2.5px;height:11px;transition:opacity .2s ease, transform .2s ease;}\n  .faq-item[open] .faq-icon{background:var(--forest);}\n  .faq-item[open] .faq-icon::after{opacity:0;transform:rotate(90deg);}\n  .tbl-scroll{overflow-x:auto;-webkit-overflow-scrolling:touch;margin:0 0 8px;}\n  table{width:100%;border-collapse:separate;border-spacing:0;font-size:16px;border:1px solid var(--line);border-radius:14px;overflow:hidden;background:#fff;}\n<\/style>\n\n<div class=\"body\">\n  <p>Hero Motors Limited is launching a \u20b91,000 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.<\/p>\n  <p>The price band is set at \u20b979 to \u20b984 per share, and the minimum lot size is 178 shares. Retail investors need a minimum investment of \u20b914,952 at the upper price band. In comparison, sNII investors must apply for at least 2,492 shares worth \u20b92,09,328, while bNII investors must apply for at least 11,926 shares worth \u20b910,01,784.<\/p>\n  <p>The Hero Motors IPO comprises a fresh issue of 7.14 crore shares aggregating to \u20b9600 crore and an offer for sale of 4.76 crore shares aggregating to \u20b9400 crore.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Hero_Motors_Limited_IPO_Details\"><\/span>Hero Motors Limited | IPO Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Detail<\/th>\n          <th>Information<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>IPO Opening Date<\/td><td>September 16, 2026<\/td><\/tr>\n        <tr><td>IPO Closing Date<\/td><td>September 18, 2026<\/td><\/tr>\n        <tr><td>Tentative IPO Listing Date<\/td><td>September 23, 2026<\/td><\/tr>\n        <tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr>\n        <tr><td>Price Band<\/td><td><span class=\"num\">\u20b979 \u2013 \u20b984<\/span> per share<\/td><\/tr>\n        <tr><td>Lot Size<\/td><td>178 shares<\/td><\/tr>\n        <tr><td>Total Issue Size<\/td><td>11,90,47,618 shares, aggregating to \u20b91,000 crore<\/td><\/tr>\n        <tr><td>Fresh Issue<\/td><td>7,14,28,571 shares, aggregating to \u20b9600 crore<\/td><\/tr>\n        <tr><td>Offer for Sale<\/td><td>4,76,19,047 shares, aggregating to \u20b9400 crore<\/td><\/tr>\n        <tr><td>IPO Segment<\/td><td>Main Board, Book-Building IPO<\/td><\/tr>\n        <tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr>\n        <tr><td>Shareholding Pre-Issue<\/td><td>38,27,87,005 shares<\/td><\/tr>\n        <tr><td>Shareholding Post-Issue<\/td><td>45,42,15,576 shares<\/td><\/tr>\n        <tr class=\"total\"><td>Market Cap (At Upper Price)<\/td><td><span class=\"num\">\u20b93,815.41 Cr<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Hero_Motors_Limited_Company_Overview\"><\/span>Hero Motors Limited | Company Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>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.<\/p>\n  <p>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.<\/p>\n  <p>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.<\/p>\n\n  <div class=\"cta-band\">\n    <div class=\"cta-band-text\">\n      <h4>Considering the Hero Motors IPO?<\/h4>\n      <p>Subscription open September 16\u201318, 2026 \u00b7 Price band \u20b979\u2013\u20b984 \u00b7 Min. investment \u20b914,952<\/p>\n    <\/div>\n    <a class=\"cta-btn\" href=\"https:\/\/apptrove.shoonya.com\/d\/ipos\" target=\"_blank\" rel=\"noopener\">Explore the IPO <\/a>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Hero_Motors_Limited_Key_Dates\"><\/span>Hero Motors Limited | Key Dates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <ul class=\"doc\">\n    <li><strong>IPO Opening Date:<\/strong> September 16, 2026<\/li>\n    <li><strong>IPO Closing Date:<\/strong> September 18, 2026<\/li>\n    <li><strong>Allotment Date:<\/strong> September 21, 2026<\/li>\n    <li><strong>Refunds Initiated:<\/strong> September 22, 2026<\/li>\n    <li><strong>Shares Credited to Demat:<\/strong> September 22, 2026<\/li>\n    <li><strong>Listing Date:<\/strong> September 23, 2026<\/li>\n    <li><strong>Cut-off Time for UPI Mandate Confirmation:<\/strong> 5 PM on September 18, 2026<\/li>\n  <\/ul>\n\n  <h2><span class=\"ez-toc-section\" id=\"Hero_Motors_Limited_IPO_Lot_Size_Investment\"><\/span>Hero Motors Limited IPO | Lot Size &amp; Investment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>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 \u20b984 per share.<\/p>\n  <div class=\"tbl-title\">Application-wise Lot Size<\/div>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Application<\/th>\n          <th>Lots<\/th>\n          <th>Shares<\/th>\n          <th>Amount<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Retail Minimum<\/td><td>1<\/td><td>178<\/td><td>\u20b914,952<\/td><\/tr>\n        <tr><td>Retail Maximum<\/td><td>13<\/td><td>2,314<\/td><td>\u20b91,94,376<\/td><\/tr>\n        <tr><td>sNII Minimum<\/td><td>14<\/td><td>2,492<\/td><td>\u20b92,09,328<\/td><\/tr>\n        <tr><td>sNII Maximum<\/td><td>66<\/td><td>11,748<\/td><td>\u20b99,86,832<\/td><\/tr>\n        <tr><td>bNII Minimum<\/td><td>67<\/td><td>11,926<\/td><td>\u20b910,01,784<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Investor_Category_Reservations\"><\/span>Investor Category Reservations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Category<\/th>\n          <th>Application Value<\/th>\n          <th>Cut-off Price Option<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>RII<\/td><td>Up to \u20b92 lakh<\/td><td>Yes<\/td><\/tr>\n        <tr><td>sNII<\/td><td>Above \u20b92 lakh and up to \u20b910 lakh<\/td><td>No<\/td><\/tr>\n        <tr><td>bNII<\/td><td>Above \u20b910 lakh<\/td><td>No<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p>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.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Hero_Motors_Limited_Financial_Overview\"><\/span>Hero Motors Limited | Financial Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Hero Motors&#8217; total income increased by approximately 9% between the financial years ending March 31, 2025, and March 31, 2026.<\/p>\n  <p>Here is a snapshot of its year-on-year financial performance:<\/p>\n  <div class=\"tbl-title\">Financial Performance (\u20b9 Crore)<\/div>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Detail<\/th>\n          <th>31-Mar-26<\/th>\n          <th>31-Mar-25<\/th>\n          <th>Change<\/th>\n          <th>Change %<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Assets<\/td><td>1,371.83<\/td><td>1,164.62<\/td><td>+207.21<\/td><td><span class=\"badge b-positive\">+17.79%<\/span><\/td><\/tr>\n        <tr><td>Total Income<\/td><td>1,216.74<\/td><td>1,111.23<\/td><td>+105.51<\/td><td><span class=\"badge b-positive\">+9.50%<\/span><\/td><\/tr>\n        <tr><td>Profit After Tax<\/td><td>41.17<\/td><td>32.80<\/td><td>+8.37<\/td><td><span class=\"badge b-positive\">+25.52%<\/span><\/td><\/tr>\n        <tr><td>EBITDA<\/td><td>147.78<\/td><td>114.00<\/td><td>+33.78<\/td><td><span class=\"badge b-positive\">+29.63%<\/span><\/td><\/tr>\n        <tr><td>Net Worth<\/td><td>482.45<\/td><td>423.95<\/td><td>+58.50<\/td><td><span class=\"badge b-positive\">+13.80%<\/span><\/td><\/tr>\n        <tr><td>Reserves and Surplus<\/td><td>116.32<\/td><td>67.71<\/td><td>+48.61<\/td><td><span class=\"badge b-positive\">+71.79%<\/span><\/td><\/tr>\n        <tr><td>Total Borrowings<\/td><td>400.79<\/td><td>407.62<\/td><td>-6.83<\/td><td><span class=\"badge b-negative\">-1.68%<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n \n\n  <h2><span class=\"ez-toc-section\" id=\"Hero_Motors_Limited_IPO_FAQs\"><\/span>Hero Motors Limited IPO | FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"faq\">\n    <details class=\"faq-item\" open=\"\">\n      <summary class=\"faq-q\">When does the Hero Motors IPO open and close?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">The Hero Motors IPO opens on September 16, 2026, and closes on September 18, 2026.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">What is the price band and lot size for the Hero Motors IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">The price band for Hero Motors IPO is \u20b979 to \u20b984 per share, and the minimum lot size is 178 shares. Retail investors must apply for at least one lot, amounting to \u20b914,952 at the upper price band.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">How can I check the allotment status of the Hero Motors IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">You can check the Hero Motors IPO allotment status on KFin Technologies Limited&#8217;s website using your PAN, application number or Demat account details.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">Who is the registrar for the Hero Motors IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">KFin Technologies Limited is the registrar for the Hero Motors IPO.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">What is the refund and Demat credit date for the Hero Motors IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">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&#8217; Demat accounts on the same date.<\/p>\n    <\/details>\n  <\/div>\n\n  <div class=\"disclaimer\">\n    <strong>Disclaimer:<\/strong> This content is for education and awareness purpose only and should not be considered investment advice or a recommendation. Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.\n  <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hero Motors Limited is launching a \u20b91,000 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 \u20b979 to \u20b984 per share, and &hellip; <a href=\"https:\/\/shoonya.com\/blog\/hero-motors-limited-ipo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hero Motors IPO | Key Dates, Price Band, and Lot Size&#8221;<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":18758,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7],"tags":[2441,5305,5430,2523,5309,5310,5311,5307,5306,5362,5304,5312],"class_list":["post-18751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-allotment-of-ipo","tag-bidding-date","tag-how-to-check-ipo-allotment-status-2","tag-ipo-allotment-status","tag-ipo-allotment-time","tag-ipo-bidding-time","tag-ipo-face-value","tag-ipo-launch-date","tag-ipo-lot-size","tag-ipo-refund-status","tag-ipo-segment","tag-ipo-subscription-status"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hero Motors Limited IPO | Issue Size \u20b91,000 Crore<\/title>\n<meta name=\"description\" content=\"Hero Motors Limited IPO opens on September 16, 2026, with a \u20b91,000 crore issue. 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