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Hero Motors Ltd.

NSE & BSE
ListedListed on 23 Sept 2026-2.3%

₹79–84

₹ 744 Cr

178 Shares

₹ 14,062

₹10

Financial Summary

Consolidated(in ₹ million)
ParticularsFY 2025-26FY 2024-25
11,883.5110,895.93
283.91216.4
12,167.4211,112.33
10,657.869,961.68
610.04390.76
411.68327.96

Subscription Details

6.66xTotal
Subscription
8.23x
9.86x
1.49x
0.00x

IPO Timeline

IPO Offer Start

16 Sept 2026

IPO Offer Ends

18 Sept 2026

23 Sept 2026

Use of Proceeds

#PurposeAmount (₹ Million)
1Repayment/prepayment/redemption in full or in part, of certain outstanding borrowings availed by our1,900
2Capital expenditure of our Company through purchase of equipment required for expansion in capacity 2,000
3Funding inorganic growth through unidentified acquisitions and other strategic initiatives & general1,719.88

Promoters

Pankaj MunjalCharu MunjalAbhishek MunjalO P Munjal Holdings

Book Running Lead Managers

ICICI Securities LtdDam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)JM Financial Ltd.

Promoter Shareholding

Pre-IPO

84.67%

Promoter stake

Post-IPO

61.08%

Promoter stake

Offered to Public

8,86,07,596

shares

Post Share Capital

27,99,21,139

shares

IPO Registrar

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

About the Company

We are one of India’s leading automotive technology companies (Source: CRISIL Report) engaged in designing,developing, manufacturing and supplying highly engineered powertrain solutions catering to automotive originalequipment manufacturers (“OEMs”) in United States, Europe, India and the Association of Southeast Asian Nations(“ASEAN”) region. We are a fully integrated powertrain systems provider offering comprehensive solutions fordesigning, prototyping, validating, developing, and delivering system-level powertrain solutions for both electric as wellas non-electric powertrains. Our products find application in two-wheelers, performance automotive, e-bikes, off-roadvehicles, electric and hybrid cars, heavy duty vehicles, and electric vertical take-off and landing (“eVTOL”) categories.We cater to requirements of our global customers such as BMW AG (“BMW”), Ducati Motor Holding S.P.A.(“Ducati”), Enviolo International Inc (“enviolo”), Formula Motorsport Ltd (“Formula Motorsport”),HUMMINGBIRDEV Inc. (“Hummingbird EV”), HWA AG (“HWA”) and leading global electric bicycle (“e-bike”)manufacturers and other mobility applications such as aerospace. We are among the few companies globally thataddresses the requirements of the premium ICE and performance ICE segment that require high-performancetransmission systems capable of handling tough torque needs while keeping components lightweight. (Source: CRISILReport) We are a technology and innovation driven company and have made significant investments into our in-housedesign and engineering capabilities as well as forging technology partnerships with global players to enhance ourexpertise and product offerings.

Use of Proceeds

1. Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company;2. Capital expenditure of our Company through purchase of equipment required for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility; and3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

IPO FAQs

The Hero Motors Ltd. IPO has a total of ₹744 crore, calculated at the upper end of the .

The Hero Motors Ltd. IPO is priced at ₹79–84 per share. bids must fall within this , against a of ₹10 per share.

The for the Hero Motors Ltd. IPO is 178 shares, which is also the minimum order quantity — you have to apply for at least 178 shares, and in multiples of 178 beyond that.

The minimum investment in the Hero Motors Ltd. IPO is about ₹14,062 — one lot of 178 shares, calculated at the lower end of the .

Bidding at the cut-off or upper price raises the amount blocked in your account.

The Hero Motors Ltd. opens on 16 Sept 2026 and closes on 18 Sept 2026.

Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.

Hero Motors Ltd. shares were listed on 23 Sept 2026 on BSE and NSE.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.) is the for the Hero Motors Ltd. IPO.

The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone 040 - 67162222/18003094001 and email einward.ris@kfintech.com.

Hero Motors Ltd. IPO shares are listed on BSE and NSE.

Each Hero Motors Ltd. share has a of ₹10.

Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.

held 84.67% of Hero Motors Ltd. before the IPO, which falls to 61.08% after the issue.

8,86,07,596 shares of Hero Motors Ltd. are being offered to the public in this issue.

The Hero Motors Ltd. IPO has been subscribed 6.66x overall — 1.49x, 9.86x and 8.23x.

figures update through the issue period until it closes.

  1. 1.Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company
  2. 2.Capital expenditure of our Company through purchase of equipment required for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility
  3. 3.Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

ICICI Securities Ltd, Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.) and JM Financial Ltd. are the for the Hero Motors Ltd. IPO.

Pre-apply means placing your Hero Motors Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.

Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.

You can apply in the Hero Motors Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.

Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.

Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.

You can check the Hero Motors Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.