Hero Motors Limited has fixed the price band of ₹ 79- to ₹ 84 – per Equity Share of face value ₹10/- each for its maiden initial public offer. The Company’s Initial Public Offering will open on Wednesday, 16 September, 2026, for subscription and close on Friday, 18 September, 2026. Investors can bid for a minimum of 178 Equity Shares and in multiples of 178 Equity Shares thereafter.
- Issue Opens: September 16, 2026
- Issue Closes: September 18, 2026
- Face Value: Rs 10
- Price Band: Rs 79 – 84 per share
- Minimum Bid Lot: 178 Equity Shares
- Listing: BSE & NSE
The IPO is a combination of a fresh issue of up to Rs 600 crore and an offer-for-sale of equity shares up to Rs 400 crore by Promoters – O P Munjal Holdings, and Hero Cycles Limited.
The proceeds from its fresh issuance worth Rs 190 crore will be used for repayment/ prepayment/redemption in full or in part, of certain outstanding borrowings availed by the company, Rs 200 crore for capital expenditure of the company through purchase of equipment required for expansion in capacity of its Gautam Buddha Nagar, Uttar Pradesh facility, funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
The company is one of India’s leading automotive technology companies engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions catering to automotive original equipment manufacturers (OEMs) in United States, Europe, India and ASEAN region. The company is a fully integrated powertrain systems provider offering comprehensive solutions including services for designing, prototyping, validating, developing, and delivering system-level and component-level powertrain solutions for both electric as well as non-electric powertrains.
Its offerings find application in two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and electric vertical take-off and landing (eVTOL) categories. The company cater to the requirements of its global customers such as BMW AG (BMW), Ducati Motor Holding S.P.A. (Ducati), Enviolo International Inc (enviolo), Formula Motorsport Ltd (Formula Motorsport), HUMMINGBIRDEV Inc. (Hummingbird EV), HWA AG (HWA) and leading global electric bicycle (e-bike) manufacturers and other mobility applications such as aerospace.
The company is technology- and innovation-driven and has made significant investments in its in-house design and engineering capabilities, as well as forged technology partnerships with global players to enhance its expertise and product and service offerings. The company is recognized for its leadership in developing and producing continuously variable transmissions (CVT), electric vehicle transmissions, electric motors, integrated drive units, and gear sets.
