Hero Motors IPO
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Hero Motors IPO details
Schedule of Hero Motors
| Issue open date | 16 Sep 2026 |
| Issue close date | 18 Sep 2026 |
| UPI mandate deadline | 18 Sep 2026 (5 PM) |
| Allotment finalization | 21 Sep 2026 |
| Refund initiation | 22 Sep 2026 |
| Share credit | 22 Sep 2026 |
| Listing date | 23 Sep 2026 |
| Mandate end date | 03 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 20 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 19 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Hero Motors
Hero Motors Limited is a solution provider in the powertrain sector engaged in manufacturing and supplying a wide range of electrified and non-electrified powertrains along with alloy and metallic components. The company operates primarily through two distinct business segments, namely Powertrain Solutions and Alloys and Metallics, catering to two-wheelers, e-bikes, motorsport, and performance automotive industries. It generates revenue by selling specialized components, gears, transmissions, hubs, and metal assemblies directly to original equipment manufacturers operating across India, Europe, the United States, and other international markets. Supported by integrated design, research, and engineering capabilities, the company maintains manufacturing facilities and technology centers across India, the United Kingdom, and Thailand. Its operational specialization covers product design, prototyping, and large-scale manufacturing focused on delivering custom-engineered solutions to domestic and global automotive client bases.
Financials of Hero Motors
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 1000 |
| Fresh Issue – Proceeds go to the company | 600 |
| Offer for sale – Proceeds go to the existing investors | 400 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Repayment/prepayment of borrowings | 190 (31.67%) |
| Purchase of equipment for capacity expansion at Gautam Buddha Nagar facility | 200 (33.33%) |
| Inorganic growth, strategic initiatives & general corporate purposes | 210 (35%) |
Strengths
- Integrated design and manufacturing for global powertrain solutions.
- Diverse product offerings in Powertrains and Alloys & Metallics.
- Established international footprint with global manufacturing hubs.
- Strong relationships with key global and domestic automotive OEMs.
- Experienced management team with deep automotive industry expertise.
Risks
- Revenue is heavily reliant on the top 10 key customers.
- Business depends on performance in the two-wheeler and e-bike sectors.
- High revenue exposure to overseas markets and foreign currencies.
- Lack of long-term supply agreements for critical raw materials.
- Manufacturing involves hazardous materials and strict regulatory norms.
Allotment Status for Hero Motors
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Hero Motors
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 18, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 253.16 | 377.55 | 1.49x |
| NII | 189.87 | 1881.39 | 9.86x |
| Retail | 443.04 | 3648.31 | 8.23x |
| Total | 886.08 | 5897.24 | 6.66x |