Subscription status
- Qualified institutional buyers (QIB)1.49x
- Non-institutional investors (NII)9.86x
- NII: bids above ₹10 lakh (big NII)8.11x
- NII: bids of ₹2–10 lakh (small NII)13.36x
- Retail investors8.23x
- Total6.66x
Shares offered and bid for, by category
| Category | Shares offered | Shares bid for |
|---|---|---|
| Qualified institutional buyers (QIB) | 2,53,16,456 | 3,77,55,046 |
| Foreign institutions (FII) | – | 63,22,560 |
| Banks, financial institutions and insurers | – | 47,67,018 |
| Mutual funds | – | 2,41,71,332 |
| Other institutions | – | 24,94,136 |
| Non-institutional investors (NII) | 1,89,87,342 | 18,71,38,520 |
| NII: bids above ₹10 lakh (big NII) | 1,26,58,228 | 10,26,02,048 |
| Corporates | – | 40,71,750 |
| Individuals(Other than RIIs) | – | 9,52,28,398 |
| Others | – | 33,01,900 |
| NII: bids of ₹2–10 lakh (small NII) | 63,29,114 | 8,45,36,472 |
| Corporates | – | 7,20,544 |
| Individuals(Other than RIIs) | – | 8,09,29,302 |
| Others | – | 28,86,626 |
| Retail investors | 4,43,03,798 | 36,48,33,072 |
| Cut Off | – | 32,54,43,808 |
| Price bids | – | 3,93,89,264 |
| Total | 8,86,07,596 | 58,97,26,638 |
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 178 | ₹14,952 |
| Retail (maximum) | 13 | 2,314 | ₹1,94,376 |
| Small NII / sHNI (minimum) | 14 | 2,492 | ₹2,09,328 |
| Small NII / sHNI (maximum) | 66 | 11,748 | ₹9,86,832 |
| Big NII / bHNI (minimum) | 67 | 11,926 | ₹10,01,784 |
IPO details
| Company | Hero Motors Limited |
|---|---|
| Board | Mainboard (NSE and BSE) |
| Issue period | Wed, 16 Sep 2026 to Fri, 18 Sep 2026 |
| Price band | ₹79 – ₹84 |
| Face value | ₹10 per share |
| Lot size | 178 shares |
| Cut-off time for UPI Mandate Confirmation | 18-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. |
| Issue Size | Initial Public offer comprising of Fresh issue aggregating up to Rs. |
| Issue Type | Book Building |
| Discount | NA |
| Tick Size | Re. 1 |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Maximum Bid Quantity for QIB Investors | 8,86,07,510 Equity Shares in multiple of 178 Equity Shares |
| Maximum Bid Quantity for NIB Investors | 6,32,91,104 Equity Shares in multiple of 178 Equity Shares |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Sponsor Bank | AXIS Bank Limited and ICICI Bank Limited |
| Contact person name number and Email id | M. Murali Krishna, +91 40 6716 2222, heromotors.ipo@kfintech.com |
| Registrar | KFin Technologies Limited |
| Lead managers | ICICI Securities Limited, DAM Capital Advisors Limited and JM Financial Limited |
Offer documents
Frequently asked questions
When does the Hero Motors IPO open and close?
It opens on Wed, 16 Sep 2026 and closes on Fri, 18 Sep 2026.
What is the price band of the Hero Motors IPO?
₹79 – ₹84 per share, with a face value of ₹10.
What is the lot size and minimum investment?
One lot is 178 shares. The minimum application is one lot, which costs ₹14,952 at the top of the price band.
When is the allotment and listing date?
Allotment was on Mon, 21 Sep 2026 and the shares listed on Wed, 23 Sep 2026.
What was the Hero Motors IPO listing gain?
It listed at ₹82 on Wed, 23 Sep 2026, a loss of −2.4% on the issue price of ₹84.
How do I check the Hero Motors IPO allotment status?
On the registrar's website (KFin Technologies Limited) or the NSE and BSE allotment pages, using your PAN or application number, from the allotment date.
For information only. Not investment advice. SmartFigure is not registered with SEBI as an investment adviser or research analyst. GMP is an unofficial, unregulated grey-market figure, averaged from public websites; it is not a prediction of the listing price. Rely on the offer documents.