Hero Motors IPO Price: ₹79 to ₹84 per share
IPO Dates: 16 to 18 Sept, 2026
Company Overview
Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing, manufacturing, and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs) across the United States, Europe, India, and the ASEAN region.
The company provides integrated solutions for electric and non-electric powertrains across two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL applications.
As of March 31, 2026, the company had 1,388 permanent employees and 707 contract labourers.
Business Operations
The company provides system-level and component-level powertrain solutions covering design, prototyping, validation, development, and delivery.
Its key areas of expertise include continuously variable transmissions (CVT), EV transmissions, electric motors, integrated drive units, and gear sets.
The company’s operations are divided into two segments:
- Powertrain Solutions, comprising Gears and Transmissions (G&T), which serves automotive and mobility applications, and Bike Powertrain (BPT), which focuses on micro-mobility applications and global e-bike manufacturers.
- Alloys and Metallics (A&M), which provides sheet metal and tubular assemblies and components primarily to automotive OEMs.
Product Portfolio
The company’s powertrain solutions cater to two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL applications.
The company has a first-mover position in the global e-bike powertrain market and is the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrain products for e-bikes.
Customer Base
The company has established relationships with global customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV, and HWA, along with leading global e-bike manufacturers.
Global Presence
The company supplies engineered powertrain solutions to automotive OEMs across the United States, Europe, India, and the ASEAN region.
Technology and Innovation
The company focuses on technology and innovation through its in-house design and engineering capabilities and partnerships with global technology players.
Competitive Strengths
- Strong R&D and engineering capabilities.
- Long-term relationships with global OEMs.
- Strong presence in the global e-mobility industry.
- Diversified powertrain product and service offerings.
- Experienced management and strong corporate governance.
- Growing presence in electric bikes and premium two-wheelers.
Bidding Starts In
Hero Motors Limited IPO Specifics:
| IPO Date | 16 to 18 Sep, 2026 |
| Listing Date | Wed, Sep 23, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹79 to ₹84 |
| Lot Size | 178 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 11,90,47,618 shares (agg. up to ₹1,000 Cr) |
| Fresh Issue | 7,14,28,571 shares (agg. up to ₹600 Cr) |
| Offer for Sale | 4,76,19,047 shares of ₹10 (agg. up to ₹400 Cr) |
| Share Holding Pre Issue | 38,27,87,005 shares |
| Share Holding Post Issue | 45,42,15,576 shares |
Hero Motors IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Sep 16, 2026 |
| IPO Close | Fri, Sep 18, 2026 |
| Allotment | Mon, Sep 21, 2026 |
| Refund | Tue, Sep 22, 2026 |
| Credit of Shares | Tue, Sep 22, 2026 |
| Listing | Wed, Sep 23, 2026 |
Hero Motors Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 178 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 178 | ₹14,952 |
| Retail (Max) | 13 | 2,314 | ₹1,94,376 |
| S-HNI (Min) | 14 | 2,492 | ₹2,09,328 |
| S-HNI (Max) | 66 | 11,748 | ₹9,86,832 |
| B-HNI (Min) | 67 | 11,926 | ₹10,01,784 |
Hero Motors Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Issue |
Hero Motors Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,371.83 | 1,164.62 | 1,059.86 |
| Total Income | 1,216.74 | 1,111.23 | 1,083.42 |
| Profit After Tax | 41.17 | 32.80 | 17.04 |
| EBITDA | 147.78 | 114.00 | 86.28 |
| NET Worth | 482.45 | 423.95 | 385.44 |
| Reserves and Surplus | 116.32 | 67.71 | 32.26 |
| Total Borrowing | 400.79 | 407.62 | 304.00 |
Key Performance Indicator- Hero Motors Limited IPO
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 8.56% |
| ROCE | 19.77% |
| Debt/Equity | 0.83 |
| RoNW | 8.53% |
| PAT Margin | 3.46% |
| EBITDA Margin | 12.44% |
| NAV | 12.72 |
| Price to Book Value | 6.60 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.08 | 0.91 |
| P/E (x) | 77.78 | 92.31 |
| Market Cap at Offer Price | ₹3,215Cr. | ₹3,815.41 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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