- Q1. What is the business of Hero Motors Limited?
It designs and manufactures high-precision powertrain components and transmission systems for automotive OEMs, supplying global brands across Europe, the US, India and ASEAN markets. - Q2. Why is the company raising funds via IPO?
Hero Motors is raising funds via IPO for debt repayment, capacity expansion at its Uttar Pradesh plant, strategic acquisitions, and general corporate purposes to support future growth. - Q3. What is the size of the issue and where will it list?
The issue size of the IPO comprises of ₹1,200 Crore, including ₹ 800 Crore as Fresh Issue and ₹400 crore OFS. It will be listed on BSE and NSE platform. - Q4. What are the key risks to an investor?
Key risks include from automotive industry cyclicality, dependence on key OEM customers, global supply chain disruptions, and fluctuations in raw-material prices affecting profitability. - Q5. What are the potential upsides?
Upsides include strong Hero Group backing, global premium OEM clients, rising demand for EV powertrain components, and expansion plans could drive long-term growth and investor value. - Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Open
Hero Motors Limited: New IPO, Analysis, Price, GMP
0
IPO Score
0
*Score varies on actual price
Hero Motors Limited is an auto-components manufacturer that designs, develops and supplies advanced powertrain solutions for global OEMs. Its manufactured products are used in vehicles such as two-wheelers, e-bikes, high-performance cars, off-road vehicles and electric or hybrid vehicles across markets like the US, Europe, India and ASEAN.
Hero Motors Limited was incorporated in 1998 & currently Mr. Amit Gupta serves as the Managing Director & Chief Executive Officer of the company.
Hero Motors IPO has filed for an IPO with an issue size of ₹1,000 Crores. The issue is a combination of Fresh Issue of up to ₹600.00 crores and an Offer for Sale of up to ₹400.00 crores.
It provides powertrain solutions (gears, transmissions, and EV powertrain systems) and alloy & metallic components for automotive OEMs, including two-wheelers, e-bikes, electric vehicles, and performance automobiles. It operates 6 manufacturing facilities across India, the United Kingdom, and Thailand with 2 R&D centres supporting its operations. The company serves automotive customers in more than 21 countries, supplying components to global brands like BMW and Ducati.
Subscription date to apply for Hero Motors Limited starts on Wed, Sep 16, 2026 & closes on 18th Sep’26. Price band for the IPO is ₹79 to ₹84.
Revenue, PAT, EBITDA
Year |
2024 |
|---|---|
Networth
|
₹ 385.44 Cr
|
Revenue
|
₹ 1064.38 Cr
|
EBITDA
|
₹ 82.80 Cr
|
PAT
|
₹ 17.03 Cr
|
EBITDA Margin
|
~ 7.78%
|
PAT Margin
|
~ 1.60%
|
Face Value
|
Rs.10 per Equity Share
|
IPO Important Dates
# |
Date |
|---|---|
Open Date
|
Wed, Sep 16, 2026
|
Close Date
|
Fri, Sep 18, 2026
|
Anchor Investor Bidding
|
Wed, Sep 23, 2026
|
Allotment Date
|
Mon, Sep 15, 2026
|
Refunds& Demat Credit
|
Tue, Sep 22, 2026
|
Tentative Listing Date
|
Wed, Sep 23, 2026
|
Use Of Proceeds
Purpose |
Amount |
|---|---|
Borrowing repayment
|
₹ 285 Cr
|
Capacity Expansion
|
₹ 237 Cr
|
-
|
-
|
-
|
-
|
-
|
-
|
General Corporate Purpose
|
Balance
|
Financial Data
# |
2022 |
2023 |
2024 |
|---|---|---|---|
Revenue (₹ Cr)
|
914.19
|
1054.62
|
1064.38
|
PAT (₹ Cr)
|
99.02
|
40.5
|
17.03
|
Asset (₹ Cr)
|
703.12
|
992.01
|
1059.85
|
Net Worth (₹ Cr)
|
159.1
|
344.46
|
385.44
|
IPO Grey Market Premium
Date |
IPO Price |
IPO GMP |
Profit Per Lot |
|---|---|---|---|
18-Sep
|
₹79 to ₹84
|
₹ 08
|
₹ 1,424
|
17-Sep
|
₹79 to ₹84
|
₹ 13
|
₹ 2,314
|
16-Sep
|
₹79 to ₹84
|
₹ 19
|
₹ 3,312
|
15-Sep
|
₹79 to ₹84
|
₹ 23
|
₹ 4,094
|
14-Sep
|
₹79 to ₹84
|
₹ 22
|
₹ 3,916
|
Promoters – Pre offer equity (Approx)
Promoters |
% Shares |
|---|---|
O P Munjal Holdings
|
~ 71.09 %
|
Pankaj Munjal
|
~ 2.45 %
|
Charu Munjal
|
~ 0.25 %
|
-
|
-
|
-
|
-
|
-
|
-
|
Lot Size details
Application Type |
Lot Size |
No. of Lot |
No. of Shares |
Investment Amount |
|---|---|---|---|---|
Retail (Min)
|
178
|
1
|
178
|
₹ 14,952
|
Retail (Max)
|
178
|
13
|
2,314
|
₹ 194,376
|
HNI (Min)
|
178
|
14
|
2,492
|
₹ 209,328
|
HNI (Max)
|
178
|
66
|
11,748
|
₹ 986,832
|
Big HNI (Min)
|
178
|
67
|
11,926
|
₹ 1,001,784
|
Key Performance Index (KPI)
ROE |
8.56% |
|---|---|
ROCE
|
19.77%
|
RoNW
|
8.53%
|
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