Hero Motors IPO
UpcomingMainboardOpens 16 September 2026Closes 18 September 2026
Incorporated in 1998, Hero Motors Limited is one of India's premier automotive technology companies, specializing in the design, engineering, precision manufacturing, and supply of advanced powertrain solutions for…
Incorporated in 1998, Hero Motors Limited is one of India's premier automotive technology companies, specializing in the design, engineering, precision manufacturing, and supply of advanced powertrain solutions for automotive original equipment manufacturers (OEMs) across India, the United States, Europe, and the ASEAN region. The company's portfolio spans two key business divisions: Powertrain Solutions (gears, transmissions, hub motors, and e-transmissions) and Alloys and Metallics (lightweight alloy and steel assemblies). Serving two-wheelers, e-bikes, performance automotive, and off-road mobility, Hero Motors supplies global marquee customers including BMW AG, Ducati Motor Holding S.P.A., Enviolo International Inc., Formula Motorsport Ltd., and HWA AG. Operating six manufacturing facilities across India, the United Kingdom, and Thailand alongside two advanced technology centres in Southam (UK) and Gautam Buddha Nagar (India), the company provides end-to-end solutions from design and prototyping to mass assembly.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
16 Sept
IPO Closes
18 Sept
Allotment
21 Sept
Listing
23 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 16 September 2026 |
| IPO Close Date | 18 September 2026 |
| Allotment Date | 21 September 2026 |
| Listing Date | 23 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,952 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,376 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,328 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,86,832 |
BHNIAbove ₹10,00,000 | 67 | ₹10,01,784 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by the Company (₹190.00 Cr).
- Funding capital expenditure through the purchase of equipment for capacity expansion at the Gautam Buddha Nagar, Uttar Pradesh facility (₹200.00 Cr).
- Funding inorganic growth through unidentified acquisitions and general corporate purposes.
Strengths
- Global engineering and manufacturing presence across India, the UK, and Thailand, offering localized supply chain advantages and customer proximity.
- End-to-end design-to-delivery capabilities supported by dedicated technology centres in Southam (UK) and Gautam Buddha Nagar (India).
- Marquee global client portfolio across premium two-wheeler, performance automotive, and e-bike sectors (including BMW AG, Ducati, and Enviolo).
- Strong operational momentum with revenue from operations expanding to ₹1,188.35 Cr in FY26 alongside steady profit expansion.
Weaknesses
- Significant customer concentration risk, with top 10 customers contributing 72.89% of FY26 operational revenue.
- Substantial geographic exposure to international markets, with Europe alone generating 33.59% of revenue from operations in FY26.
- Vulnerability to price volatility and availability constraints of key raw materials like steel and specialty alloy metals.
- Capital-intensive business requiring ongoing investments in plant equipment, tooling, and technological modernization.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 1,371.83 | 1,164.62 | 1,059.86 |
| Revenue (₹ Cr.) | 1,216.74 | 1,111.23 | 1,083.42 |
| PAT (₹ Cr.) | 41.17 | 32.8 | 17.04 |
| Net Worth (₹ Cr.) | 482.45 | 423.95 | 385.44 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Hero Motors | 6.6 | 92.31 | 8.53% | 482.45 |
| Varroc Engineering Ltd. | 7.2 | 64.04 | 14.29% | 1,818 |
| Uno Minda Ltd. | 10.36 | 54.74 | 17.53% | 7,260 |
| Sona BLW Precision | 8.37 | 73.08 | 10.7% | 6,132 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Hero Motors Limited
- Hero Nagar, GT Road, Ludhiana, Punjab - 141 003, India
- +91 120 4412 000
- investorrelations@heromotors.com
- https://www.heromotors.com
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- heromotors.ipo@kfintech.com
- https://www.kfintech.com
Frequently Asked Questions
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Hero Motors IPO News & Updates
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Hero Motors IPO IPO Pages
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Hero Motors IPO Details
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Hero Motors IPO GMP
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Hero Motors IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Hero Motors IPO Allotment
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Hero Motors IPO Review
SWOT, strengths, risks, and IPO review
Hero Motors IPO FAQ
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Hero Motors IPO Registrar
Registrar website and how to check allotment
Hero Motors IPO Timeline
Open, close, allotment, and listing dates
Hero Motors IPO News
Updates, blogs, and latest IPO news
Sources
We match Hero Motors IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.