Hero Motors IPO
Auto Ancillaries • ₹1000cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Business depends on performance in the two-wheeler and e-bike sectors.
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹79-84
Lot Size
178 shares
Issue Size
₹1000cr
Open
16 Sept 2026
Close
18 Sept 2026
Subscription
—
GMP +₹8 → est. ₹92
IPO Schedule
| Issue Open Date | 16 Sept 2026 |
| Issue Close Date | 18 Sept 2026 |
| Allotment Date | 21 Sept 2026 |
| Listing Date | 23 Sept 2026 |
About Hero Motors
Hero Motors Limited is a solution provider in the powertrain sector engaged in manufacturing and supplying a wide range of electrified and non-electrified powertrains along with alloy and metallic components. The company operates primarily through two distinct business segments, namely Powertrain Solutions and Alloys and Metallics, catering to two-wheelers, e-bikes, motorsport, and performance automotive industries. It generates revenue by selling specialized components, gears, transmissions, hubs, and metal assemblies directly to original equipment manufacturers operating across India, Europe, the United States, and other international markets. Supported by integrated design, research, and engineering capabilities, the company maintains manufacturing facilities and technology centers across India, the United Kingdom, and Thailand. Its operational specialization covers product design, prototyping, and large-scale manufacturing focused on delivering custom-engineered solutions to domestic and global automotive client bases.  
Company Details
Founders / Promoters
Mr Amit Gupta
Founded
1998
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Grey Market Premium (GMP)
Issue Price
₹84
GMP
+₹8
Est. Listing
₹92
Est. Gain
+9.5%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
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FAQ
What is the price band of Hero Motors IPO?
The price band is ₹79-84 per share with a lot size of 178 shares. Minimum investment: ₹14,952.
What does Hero Motors do?
Hero Motors Limited is a solution provider in the powertrain sector engaged in manufacturing and supplying a wide range of electrified and non-electrified powertrains along with alloy and metallic components. The company operates primarily through two distinct business segments, namely Powertrain Solutions and Alloys and Metallics, catering to two-wheelers, e-bikes, motorsport, and performance automotive industries. It generates revenue by selling specialized components, gears, transmissions, hubs, and metal assemblies directly to original equipment manufacturers operating across India, Europe, the United States, and other international markets. Supported by integrated design, research, and engineering capabilities, the company maintains manufacturing facilities and technology centers across India, the United Kingdom, and Thailand. Its operational specialization covers product design, prototyping, and large-scale manufacturing focused on delivering custom-engineered solutions to domestic and global automotive client bases.  
Should I apply for Hero Motors IPO?
Hero Motors is a Auto Ancillaries mainboard IPO and opens 16 Sept 2026 with a ₹79-84 price band (₹1000cr issue) — subscription data is not live yet, so demand signals are unavailable. Unofficial grey market premium is around ₹8, roughly 10% above the ₹84 upper band for this Auto Ancillaries IPO — useful as a sentiment check before listing, but not verified by NSE/BSE/SEBI.
Who founded Hero Motors?
Hero Motors was founded by Mr Amit Gupta in 1998.