Markets / IPO / Hero Motors

Hero Motors IPO

Updated 17:43

Mainboard IPO on NSE and BSE · Auto Components & Equipments

Status
Listed
Price band
₹79–84
Lot size
178 shares · ₹14,952
Subscribed
6.66×

How it listed

Issue price
₹84
Listing price (open)
₹82.00 -2.38%
First-day close
₹98.40 +17.14%
Price now
₹120.23 +43.13%
Listing day23 Sept 2026
Open / high / low / close₹82.00 / ₹98.40 / ₹80.50 / ₹98.40
Shares traded on NSE13,98,42,838
Market value at the listing-day close₹3,535 cr

Closing prices since listing: 26 Oct ₹105.69, 27 Oct ₹110.97, 28 Oct ₹116.51, 29 Oct ₹122.33, 30 Oct ₹124.05, 2 Nov ₹117.88, 3 Nov ₹118.22, 4 Nov ₹119.55, 5 Nov ₹123.20, 6 Nov ₹120.37.

Hero Motors share price, live chart and technicals →

Key dates

Bidding opens16 Sept 2026
Bidding closes18 Sept 2026
Allotment21 Sept 2026
Refunds and shares in demat22 Sept 2026
Listing23 Sept 2026

Issue reservation

Investor groupShares% of issueMost applicants allotted
Anchor investors3,57,14,28428.73%–
Institutions (QIB)2,53,16,45620.36%–
HNI / NII1,89,87,34215.27%–
  HNI, above ₹10 lakh1,26,58,22810.18%1,061
  HNI, ₹2–10 lakh63,29,1145.09%2,539
Retail4,43,03,79835.64%2,48,897

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)1178₹14,952
Retail (maximum)132,314₹1,94,376
Small HNI (minimum)142,492₹2,09,328
Small HNI (maximum)6611,748₹9,86,832
Big HNI (minimum)6711,926₹10,01,784

At ₹84 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance
At least 1 in 8
Retail allotments available
2,48,897 × one lot
Retail portion subscribed
8.23×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)2,53,16,4563,77,55,0461.49×
HNI / NII1,89,87,34218,71,38,5209.86×
  HNI, above ₹10 lakh1,26,58,22810,26,02,0488.11×
  HNI, ₹2–10 lakh63,29,1148,45,36,47213.36×
Retail4,43,03,79836,48,33,0728.23×
Total8,86,07,59658,97,26,6386.66×

NSE and BSE bids together, as of 18 Sept 2026 19:00.

Demand at each price

Top price ₹842,633.08 lakh shares44.5%
Cut-off final price, whatever it is; mostly retail3,256.55 lakh shares55.1%
Lower prices ₹79–8323.13 lakh shares0.4%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date15 Sept 2026
Anchor shares3,57,14,284
Raised from anchors₹300.00 cr
Lock-in ends for the first 50% (30 days)20 Oct 2026
Lock-in ends for the remaining 50% (90 days)19 Dec 2026 (in 43 days)

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹3,018 cr₹4,320 cr
P/E (last 12 months' profit)––
Revenue, last 12 months–
Profit, last 12 months–
Return on equity–
Debt to equity–

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Auto Components & Equipments

CompanyListedSubscribedOn listingSince IPO
Adroit Industries (India) 30 Sept176.85×+75.37%+23.08%
Kheria Autocomp SME24 Sept–+3.86%-5.05%
Sumax Engineering SME2 Sept–+9.90%-7.52%
Dhoot Transmission 17 Aug74.21×+37.77%+83.88%
Happy Steels SME16 Jul–+3.03%0.00%
Sedemac Mechatronics 11 Mar2.68×+13.54%+123.66%
Tenneco Clean Air India 19 Nov58.83×+27.20%+6.61%
Studds Accessories 7 Nov73.25×-3.42%-31.92%

IPO details

Price band₹79–84
Final issue price₹84
Lot size178 shares
Minimum investment₹14,952 (1 lot)
MarketNSE mainboard
Issue typeBook Building
Face value₹10 per Equity Share
IndustryAuto Components & Equipments
Issue size₹1,000.00 crore (about 11.90 crore shares) · Fresh issue + offer for sale: fresh ₹600.00 cr, offer for sale ₹400.00 cr
ISININE012G01022
RegistrarKFin Technologies Limited
Helpline: +91 40 6716 2222, heromotors.ipo@kfintech.com
Lead managersICICI Securities Limited, DAM Capital Advisors Limited and JM Financial Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 21 Sept 2026. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Hero Motors IPO price band and lot size?

The price band is ₹79–84 per share, and one lot is 178 shares (₹14,952 at the upper price).

When is the Hero Motors IPO allotment date?

Allotment was finalised on 21 Sept 2026, the next working day after bidding closed on 18 Sept 2026.

How many times was the Hero Motors IPO subscribed?

In total 6.66 times, on NSE and BSE together; retail 8.23 times.

What is the Hero Motors IPO listing date?

It listed on 23 Sept 2026 on NSE and BSE.

What is the chance of getting Hero Motors IPO shares?

At least 1 in 8 retail applicants got the minimum lot: 2,48,897 retail allotments with the retail portion subscribed 8.23 times. Winners are picked by lottery.

When does the Hero Motors anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 20 Oct 2026 and the 90-day lock-in on the rest ends on 19 Dec 2026; they can sell from the next trading day.

What was the Hero Motors listing gain?

It opened at ₹82.00 against an issue price of ₹84, a loss of 2.38%. It is now up 43.13% from the issue price.