BY THE NUMBERS.
TICKET CLASSES.
WHAT THE CHATTER IMPLIES.
GMP +₹23 (+27.38%)
RECORDED 14 SEPT 2026, 21:33 IST
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
WHO GETS WHICH SEATS.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
Notes: Basic/diluted earnings per share refers to the basic/diluted earnings per share sourced from the financial statements of the respective peer group companies for the financial year ended. Net asset value per equity share = Net asset value per share represents Net assets divided by total number of shares at the end of the year. Net assets is total assets minus current liability minus non-current liability minus capital reserve minus foreign currency translation reserve minus non-controlling interest. Total number of shares at the end of the year is the number of equity shares outstanding at the end of the year plus weighted average number of potential equity shares on account of compulsory convertible preference shares / share pending issue Price/earnings ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on September 7, 2026 divided by the diluted earnings per share for financial year ended March 31, 2026. Return on Net Worth is calculated as Profit for the period / year as a percentage of Net Worth. In relation to CIE Automative India Ltd., please read Financial Year 2026 as Calendar year 2025.
WHAT THE MONEY IS FOR.
Hero Motors Limited is one of India's automotive technology companies, specializing in the design, development, manufacturing, and supply of highly engineered powertrain solutions for automotive original equipment manufacturers (OEMs) across the United States, Europe, India, and the ASEAN region. The company's diverse product portfolio serves a wide range of mobility applications, including two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and electric vertical take-off and landing (eVTOL) aircraft. Hero Motor Limited supplies powertrain solutions to globally recognized brands such as BMW AG, Ducati Motor Holding S.P.A., Enviolo International Inc., Formula Motorsport Ltd., Hummingbird EV, HWA AG, and leading global electric bicycle (e-bike) manufacturers. The company's expertise extends beyond automotive applications into aerospace and other mobility sectors. Hero Motor Limited operates through two key business segments: Powertrain Solutions - Integrated systems designed to propel vehicles by converting energy into motion. Alloys and Metallics (A&M) - Advanced materials used in EVs, internal combustion engine vehicles (ICEs), and hybrid vehicles, making them powertrain-neutral. As of March 31, 2024, Hero Motor Limited operated six manufacturing facilities strategically located across India, the United Kingdom, and Thailand to enhance customer proximity and cost efficiency. The company's Samut Prakan, Thailand facility, which began operations in Fiscal 2024, caters specifically to the ASEAN market. Its Maidenhead, United Kingdom facility, equipped with design and prototyping capabilities, has enabled Hero Motor Limited to evolve into a complete systems manufacturer for the global automotive sector. In India, the company's manufacturing units are located in Gautam Buddha Nagar, Uttar Pradesh, and Ludhiana, Punjab. Additionally, two technology centres operate in Southam, United Kingdom, and Gautam Buddha Nagar, Uttar Pradesh, reinforcing Hero Motor Limited's commitment to innovation and technological excellence in the global automotive industry.
ON THE ROSTER.
COMMON QUESTIONS.
What is the Hero Motors IPO price band?+
The indicative price band is ₹79–84 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).
What is the lot size of the Hero Motors IPO?+
One lot is 178 shares. At the upper band of ₹84, one lot works out to ₹14,952.
How many lots can a retail investor apply for in the Hero Motors IPO?+
A retail application runs from 1 lot (178 shares, ₹14,952) up to 13 lots (2,314 shares, ₹1,94,376) — the most that fits under SEBI's ₹2 lakh retail ceiling.
What is the minimum HNI application in the Hero Motors IPO?+
A small-HNI (sHNI) application starts at 14 lots — 2,492 shares, ₹2,09,328. A big-HNI (bHNI) application starts at 67 lots — 11,926 shares, ₹10,01,784, above the ₹10 lakh boundary.
When does the Hero Motors IPO open and close?+
The issue opens on 16 Sept 2026 and closes on 18 Sept 2026. Dates can move — the registrar and the exchange notices are the record.
When is the Hero Motors IPO allotment?+
Allotment is scheduled for 21 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.
When does Hero Motors list?+
Listing is scheduled for 23 Sept 2026 on NSE, BSE.
Where will Hero Motors be listed?+
Hero Motors is proposed for listing on NSE, BSE. It is a mainboard issue.
How large is the Hero Motors IPO?+
The issue size is ₹1000.00 Cr — a fresh issue of ₹600 cr and an offer for sale of ₹400 cr. Figures are indicative and subject to the RHP.
What is the difference between the fresh issue and the offer for sale in the Hero Motors IPO?+
Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.
What is the grey market premium (GMP) for the Hero Motors IPO?+
The last GMP we recorded is +₹23 (+27.38%), as at 14 SEPT 2026, 21:33 IST. GMP is unofficial grey-market chatter. It is not a quote from any exchange, it is not a price anyone is obliged to honour, it moves through the day and it often does not match the eventual listing price. We publish it as information only.
What listing price does the GMP imply for Hero Motors?+
Adding the last recorded GMP to the upper band gives ₹107. That is a calculation, not a forecast or an investment recommendation, and it is built on an unofficial grey-market figure.
Who is the registrar for the Hero Motors IPO?+
The registrar to the issue is Kfin Technologies Ltd. (040-79615565), heromotors.ipo@kfintech.com.
Where can I check the Hero Motors IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://ipostatus.kfintech.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.