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Open
16 Sep 2026
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Close
18 Sep 2026
3
Allotment
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Listing
Wed, Sep 23, 2026
Price Band
₹79 to ₹84
Issue Size
11,90,47,618 shares (agg. up to ₹1,000 Cr)
Lot Size
178 Shares
Listing Date
Wed, Sep 23, 2026
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| QIB | 1.59x |
| NII | 10.47x |
| Retail | 8.62x |
| Total | 4.90x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,371.83 | 1,164.62 | 1,059.86 |
| Total Income | 1,216.74 | 1,111.23 | 1,083.42 |
| Profit After Tax | 41.17 | 32.80 | 17.04 |
| EBITDA | 147.78 | 114.00 | 86.28 |
| NET Worth | 482.45 | 423.95 | 385.44 |
| Reserves and Surplus | 116.32 | 67.71 | 32.26 |
| Total Borrowing | 400.79 | 407.62 | 304.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Dhoot Transmission Ltd. | Mainboard | ₹3,066.89 Cr | ₹871 | 41.36 | ₹1,187.05 | +36.29% | ₹1,443.40 |
| SEDEMAC Mechatronics Ltd. | Mainboard | ₹1,087.35 Cr | ₹1352 | 126.91 | ₹1,451.10 | +7.33% | ₹3,432.80 |
| Tenneco Clean Air India Ltd. | Mainboard | ₹3,600.00 Cr | ₹397 | 28.97 | ₹490.80 | +23.63% | ₹495.40 |
| Studds Accessories Ltd. | Mainboard | ₹455.49 Cr | ₹585 | 33.06 | ₹560.30 | -4.22% | ₹399.85 |
| Sumax Engineering Ltd. | SME | ₹53.40 Cr | ₹101 | 11.66 | ₹110.45 | +9.36% | ₹101.25 |
| LAPL Automotive Ltd. | SME | ₹32.40 Cr | ₹94 | 9.91 | ₹128.29 | +36.48% | ₹101.65 |
| Poojaa Precision Engg.Ltd. | SME | ₹159.83 Cr | ₹301 | 14.25 | ₹493.50 | +63.95% | ₹783.35 |
| Happy Steels Ltd. | SME | ₹25.00 Cr | ₹66 | 9.76 | ₹68.50 | +3.79% | ₹75.95 |
| Autofurnish Ltd. | SME | ₹14.60 Cr | ₹41 | 11.64 | ₹45.15 | +10.12% | ₹102.80 |
| Gallard Steel Ltd. | SME | ₹37.50 Cr | ₹150 | 17.31 | ₹234.25 | +56.17% | ₹164.10 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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( | 171.99 |
| 4 | Issue Expenses | 60.25 |
| Total | 622.24 |
About Hero Motors IPO
Updated on Oct 5, 2026
Contact Details
Hero Motors Ltd. AddressHero Nagar,GT RoadLudhiana, Punjab, 141003+ 91 120441200investorrelations@heromotors.comVisit Website