Hero Motors Limited MAINBOARD IPO Analysis

AUTOMOBILE & EV ANCILLARY | BSE, NSE

OPEN: 24-SEP-2026 CLOSE: 28-SEP-2026 LISTING: 01-OCT-2026

Hero Motors Limited Mainboard IPO worth ₹900.00 Cr is in upcoming pipeline. Listing on BSE, NSE.

Hero Motors Limited is a leading Indian automotive component manufacturer, specializing in precision engineering, transmissions, gears, and electric vehicle powertrain systems for global two-wheeler and four-wheeler OEMs.

₹1,400 - 1,480

PRICE BAND

+₹125

LIVE GMP

—

SUBSCRIPTION

₹900.00 Cr

ISSUE SIZE

₹1,605

EST. LISTING

Grey Market Valuation (GMP)

All GMP Feeds →

RECORDED PREMIUM (05-Nov-2026)

+₹125

▲ 8.45% estimated listing premium over upper price band

Disclaimer: Grey Market Premium (GMP) is an unofficial, unregulated sentiment indicator based on dealer communications. Investment decisions should be based on company offer documents (RHP/DRHP).

Issue Timeline & Key Dates

Bidding Schedule

OPENS

24-Sep-2026

CLOSES

28-Sep-2026

ALLOTMENT

29-Sep-2026

REFUNDS

30-Sep-2026

DEMAT CREDIT

30-Sep-2026

LISTING

01-Oct-2026

* All dates are tentative and subject to final exchange & registrar notifications.

Key Issue Parameters

Listing Exchange	BSE, NSE
Issue Structure	Book Built Issue
Total Issue Size	₹900.00 Cr (5,777,027 Shares)
Fresh Issue	₹500.00 Cr
Offer for Sale (OFS)	₹400.00 Cr
Face Value	₹10 Per Equity Share
Official Registrar	KFin Technologies Limited
Lead Managers	ICICI Securities, DAM Capital Advisors, JM Financial
Regulatory Filings	View DRHP / RHP

Reservation Quota Breakdown

INVESTOR CATEGORY	SHARES	% OF NET ISSUE	% OF TOTAL
QIB (Institutional)	2,888,514	49.93%	47.43%
• Anchor Portion	1,733,108	—	28.43%
• QIB (Ex-Anchor)	1,155,406	—	19.00%
NII (Non-Institutional / HNI)	866,554	15.03%	14.28%
• bNII (> ₹10L)	577,703	—	9.52%
• sNII (< ₹10L)	288,851	—	4.76%
Retail Individual (RII)	2,021,959	35.04%	33.28%
Market Maker Quota	304,054	—	5.01%
TOTAL ISSUE	6,081,081	100.00%	100.00%

Lot Size & Capital Allocation

Category	Lots	Shares	Investment Required (₹)
Retail (Min)	1 Lot	10 Shares	₹14,800
Retail (Max)	13 Lots	130 Shares	₹1,92,400
sHNI (Min ₹2L - ₹10L)	14 Lots	140 Shares	₹2,07,200
bHNI (Min > ₹10L)	68 Lots	680 Shares	₹10,06,400