Hero Motors IPO Opens Sept 16: Rs 1063 Cr Issue Details

Hero Motors is launching its initial public offering to raise up to Rs 1063 crore through a 100 percent book building process. The issue consists of 12,65,82,278 shares with a face value of Rs 10 each, set within a price band of Rs 79 to Rs 84 per equity share.

Key IPO Dates And Share Allocation

• Subscription opening date: September 16, 2026.
• Subscription closing date: September 18, 2026.
• Qualified Institutional Buyers allocation: Not more than 50%, including 5 percent to mutual funds.
• Non-institutional bidders allocation: Not less than 15%.
• Retail investors allocation: Remaining 35%.
• Listing venues: BSE and NSE.

The share is priced at 7.90 times its face value on the lower end and 8.40 times on the higher end. ICICI Securities, DAM Capital Advisors, and JM Financial are the book running lead managers for the issue, while Sakshi Dureja serves as the compliance officer.

Company Profile And Global Footprint

• Business focus: Designing, developing, manufacturing, and supplying engineered powertrain solutions for original equipment manufacturers.
• Global markets: United States, Europe, India, and the Association of Southeast Asian Nations region.
• Key offerings: Powertrain solutions for electric and non-electric vehicles including two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy duty vehicles, and electric vertical take-off and landing categories.
• Core competencies: Continuously variable transmissions, electric vehicle transmissions, electric motors, integrated drive units, and gear sets.

The company maintains a focus on the premium ICE and performance ICE segment requiring transmission systems capable of handling tough torque needs while remaining lightweight. Leadership highlights a first-mover advantage in capitalizing on the global e-bike powertrain opportunity alongside significant investments in in-house design and technology partnerships.