Hero Motors IPO listing: listed at ₹82, −2.4% under the issue price
Hero Motors listed on NSE, BSE on 23 Sep 2026 at ₹82 per share, −₹2 (−2.4%) against the upper price band of ₹84. The issue (price band ₹79 – ₹84, bidding 16 Sep 2026 to 18 Sep 2026) was subscribed 7.01x overall. The last grey-market premium we captured before listing was ₹6 on 19 Sep 2026 (daily average of 1 quote), which implied a listing price of ₹90; the shares listed at ₹82, ₹8 below that.
Updated 6 Oct 2026, 19:02 IST. Dated dealer references.
Listing day facts
| Listing date | 23 Sep 2026 |
|---|---|
| Exchange | NSE, BSE |
| Listing price | ₹82 |
| Upper price band (issue price basis) | ₹84 |
| Gain or loss vs upper band | −₹2 per share (−2.4%) |
| Price band | ₹79 – ₹84 |
| Issue dates | 16 Sep 2026 to 18 Sep 2026 |
| Subscription (overall, at close) | 7.01x, as of 18 Sep 2026 |
| Lot size | 178 shares |
| Gain or loss per lot vs upper band | −₹356 |
Grey-market premium against the actual listing
The last grey-market premium we captured before listing was ₹6 on 19 Sep 2026 (daily average of 1 quote), which implied a listing price of ₹90; the shares listed at ₹82, ₹8 below that.
| Date | GMP | Implied listing price | Actual listing vs implied | Quotes captured |
|---|---|---|---|---|
| 17 Sep 2025 | ₹7 | ₹91 | −₹9 (−9.9%) | 1 |
| 11 Sep 2026 | ₹9 | ₹93 | −₹11 (−11.8%) | 12 |
| 12 Sep 2026 | ₹20 | ₹104 | −₹22 (−21.2%) | 11 |
| 13 Sep 2026 | ₹24 | ₹108 | −₹26 (−24.1%) | 13 |
| 14 Sep 2026 | ₹24 | ₹108 | −₹26 (−24.1%) | 11 |
| 15 Sep 2026 | ₹22 | ₹106 | −₹24 (−22.6%) | 12 |
| 16 Sep 2026 | ₹14 | ₹98 | −₹16 (−16.3%) | 12 |
| 17 Sep 2026 | ₹8 | ₹92 | −₹10 (−10.9%) | 13 |
| 18 Sep 2026 | ₹5 | ₹89 | −₹7 (−7.9%) | 12 |
| 19 Sep 2026 | ₹6 | ₹90 | −₹8 (−8.9%) | 1 |
GMP is unofficial and unregulated; these are the quotes our desk feed captured, averaged by day. Only the price band and the exchange listing price are official.
Frequently asked questions
What was the Hero Motors IPO listing price?
Hero Motors listed on NSE, BSE on 23 Sep 2026 at ₹82 per share.
How did Hero Motors list against the issue price?
The listing price of ₹82 was −₹2 per share (−2.4%) against the upper price band of ₹84.
What did the grey market indicate before Hero Motors listed?
The last grey-market premium we captured before listing was ₹6 on 19 Sep 2026 (daily average of 1 quote), which implied a listing price of ₹90; the shares listed at ₹82, ₹8 below that. GMP is unofficial and not a forecast.
Where do Hero Motors shares trade now?
On NSE, BSE. Check the exchange for the current quote; BuyUnlistedShares tracks unlisted shares and does not quote listed prices.
Hero Motors IPO overview · GMP history · Subscription status · Allotment status · Hero Motors Limited before listing: unlisted price history · Recently listed: how unlisted holders fared
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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