Hero Motors IPO Details
IPO Overview
| Price Band | ₹79–₹84 |
|---|---|
| Lot Size | 178 shares |
| Min Investment | Min ₹14952 |
| GMP | -₹3 (-3.57%) |
| Total Subscription | 0 times |
| Status | Upcoming |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 178 | 14952 |
| Retail (Max) | 13 | 2314 | 194376 |
| S-HNI (Min) | 14 | 2492 | 209328 |
| S-HNI (Max) | 66 | 11748 | 986832 |
| B-HNI (Min) | 67 | 11926 | 1001784 |
IPO Tentative Timetable
| IPO Open Date | Sep 16, 2026 |
|---|---|
| IPO Close Date | Sep 18, 2026 |
| Allotment Date | Sep 21, 2026 |
| Refund Initiation | Sep 22, 2026 |
| Listing Date | Sep 23, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹79 to ₹84 |
| Lot Size | 178 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 11,90,47,618 shares (agg. up to ₹1,000 Cr) |
| Fresh Issue | 7,14,28,571 shares (agg. up to ₹600 Cr) |
| Offer for Sale | 4,76,19,047 shares of ₹10 (agg. up to ₹400 Cr) |
| Share Holding Pre Issue | 38,27,87,005 shares |
| Share Holding Post Issue | 45,42,15,576 shares |
Key Performance Indicators (KPI)
| K P I | Mar 31, 2026 |
|---|---|
| ROE | 8.56% |
| ROCE | 19.77% |
| Debt/Equity | 0.83 |
| RoNW | 8.53% |
| PAT Margin | 3.46% |
| EBITDA Margin | 12.44% |
| NAV | 12.72 |
| Price to Book Value | 6.60 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Offer |
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 1,371.83 | 1,216.74 | 41.17 | 147.78 | 482.45 | 116.32 | 400.79 |
| 31 Mar 2025 | 1,164.62 | 1,111.23 | 32.80 | 114.00 | 423.95 | 67.71 | 407.62 |
| 31 Mar 2024 | 1,059.86 | 1,083.42 | 17.04 | 86.28 | 385.44 | 32.26 | 304.00 |
Objects of the Issue
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by Company | 190.00 |
| 2 | Capital expenditure of Company through purchase of equipment for expansion in capacity of Gautam Buddha Nagar, Uttar Pradesh facility | 200.00 |
| 3 | Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes( | |
| Total | 390.00 |
About Company
Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs) across the United States, Europe, India and ASEAN region. The Company provides integrated solutions for both electric and non-electric powertrains, serving two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles and eVTOL applications.
The Company offers system-level and component-level solutions covering designing, prototyping, validation, development and delivery of powertrain systems. It is recognized for its expertise in continuously variable transmissions (CVT), EV transmissions, electric motors, integrated drive units and gear sets. The Company also has a first-mover position in the global e-bike powertrain market and is the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrain products for e-bikes.
The Company's operations are divided into Powertrain Solutions and Alloys and Metallics (A&M) segments. Powertrain Solutions comprises Gears and Transmissions (G&T), serving automotive and mobility applications, and Bike Powertrain (BPT), focused on micro-mobility applications and global e-bike manufacturers. The A&M segment provides sheet metal and tubular assemblies and components primarily to automotive OEMs.
The Company has established relationships with global customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV and HWA, along with leading global e-bike manufacturers. It focuses on technology and innovation through in-house design and engineering capabilities and partnerships with global technology players.
As of March 31, 2026, the Company had 1,388 permanent employees and 707 contract labourers.
Competitive Strengths
- Strong R&D and engineering capabilities.
- Long-term relationships with global OEMs.
- Strong presence in the global e-mobility industry.
- Diversified powertrain product and service offerings.
- Experienced management and strong corporate governance.
- Growing presence in electric bikes and premium two-wheelers.
Promoters
- Pankaj Munjal, Charu Munjal, Abhishek Munjal and O P Munjal Holdings.
Documents
Registrar
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