Hero Motors Limited
Key dates
Issue reservation
₹1,000 CrLot ladder — how much to bid
1 lot = 178 sharesIssue details
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB (Ex. Anchor) | 2,38,09,494₹200.00 Cr | 3,77,55,046₹317.14 Cr | 1.59× |
| HNI | 1,78,56,960₹150.00 Cr | 18,71,23,212₹1,572 Cr | 10.48× |
| HNI (10L+) | 1,19,04,640₹100.00 Cr | 10,26,02,048₹861.86 Cr | 8.62× |
| HNI (2-10L) | 59,52,320₹50.00 Cr | 8,45,21,164₹709.98 Cr | 14.20× |
| Retail | 4,16,66,596₹350.00 Cr | 36,46,41,544₹3,063 Cr | 8.75× |
| Total | 8,33,33,050₹700.00 Cr | 58,95,19,802₹4,952 Cr | 7.07× |
*QIB Book Size EXCLUDES the anchor portion of 3,57,14,240 shares, which is ESTIMATED from the reserved percentage rather than the allotment.
Application-wise
| Category | Req 1× | Total | Times |
|---|---|---|---|
| HNI (10L+) | 998 | 8,093 | 8.11× |
| HNI (2-10L) | 2,389 | 31,441 | 13.16× |
| Retail | 2,34,082 | 16,01,191 | 6.84× |
Total applications: 16,40,725
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 317.14 |
| HNI | 1571.83 |
| HNI (10L+) | 861.86 |
| HNI (2-10L) | 709.98 |
| Retail | 3062.99 |
| Total | 4951.97 |
Amounts at the upper band (₹84). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Particulars | FY26 | FY25 | FY24 |
Assets | 1,371.83 | 1,164.62 | 1,059.86 |
Total Income | 1,216.74 | 1,111.23 | 1,083.42 |
Profit After Tax (PAT) | 41.17 | 32.8 | 17.04 |
Net Worth | 482.45 | 423.95 | 385.44 |
Reserves & Surplus | 116.32 | 67.71 | 32.26 |
Total Borrowing | 400.79 | 407.62 | 304 |
Debt Repayment: ₹190 crore to repay/prepay outstanding borrowings and accrued interest.
Capital Expenditure: ₹200 crore for equipment to expand manufacturing capacity in Gautam Buddha Nagar, Uttar Pradesh.
Inorganic Growth & General Corporate Purposes: Remaining funds for strategic initiatives, potential acquisitions, and general corporate needs.
Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing and manufacturing engineered powertrain solutions for automotive OEMs across the US, Europe, India and ASEAN markets. The Company provides solutions for both electric and non-electric powertrains across two-wheelers, e-bikes, performance vehicles, off-road vehicles, electric and hybrid cars, heavy-duty vehicles and eVTOL applications.
Its product portfolio includes CVTs, EV transmissions, electric motors, integrated drive units and gear sets, supported by in-house design, engineering and development capabilities. The Company has also established a strong position in the global e-bike powertrain market.
Hero Motors operates through two segments: Powertrain Solutions, comprising Gears & Transmissions and Bike Powertrain, and Alloys & Metallics, which supplies sheet metal and tubular components to automotive OEMs. The Company serves global customers including BMW, Ducati, enviolo and other leading automotive and e-bike manufacturers.
As of March 31, 2026, the Company had 1,388 permanent employees and 707 contract labourers.
Company strengths
Strong R&D and engineering expertise.
Established relationships with global OEMs.
Strong presence in e-mobility and EV markets.
Diversified powertrain product portfolio.
Experienced management and sound governance.
Growing presence in e-bikes and premium two-wheelers.
Promoters
Registered office & contact
Hero Motors Limited
Address - Hero Nagar
GT Road
Ludhiana
Ludhiana, Punjab, 141003
📞 +91 120441200
✉️ investorrelations@heromotors.com
What is the minimum investment in the Hero Motors Limited IPO?
One lot of 178 shares — ₹14,952 at the upper price band of ₹84.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2026-09-23 on NSE / BSE.