Hero Motors IPO Day 1: Subscription Opens Today, 16 September 2026
- September 16, 2026
- Posted by: Harsh Piplani
- Category: IPO
Hero Motors IPO opens today, 16 Sep 2026, closes 18 Sep 2026. Price band Rs 79-84. Lot size 178 shares. Lists on NSE and BSE on 23 Sep.
Quick Answer
The Hero Motors IPO opens for subscription today, 16 September 2026, and will remain open until 18 September 2026. Hero Motors Limited, part of the Hero Group, is a powertrain solutions provider serving two-wheeler, e-bike and performance automotive OEMs globally, and is raising about Rs 1,000 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 79 to Rs 84 per share, with a lot size of 178 shares, and the shares are proposed to list on both NSE and BSE. Since bidding has only just opened, category wise subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.
Hero Motors Limited, incorporated in April 1998 and the automotive technology flagship of the Hero Group, has opened its IPO for subscription today, 16 September 2026. The Hero Motors IPO is a mainboard, book built issue worth about Rs 1,000 crore, comprising a fresh issue worth about Rs 600 crore and an offer for sale worth about Rs 400 crore, and will remain open for bidding until 18 September 2026. The equity shares are proposed to be listed on both NSE and BSE.
The company designs, develops and manufactures electrified and non-electrified powertrain solutions and alloy and metallic components across two business segments, serving two-wheelers, e-bikes, motorsport and performance automotive customers including BMW, Ducati, Hero MotoCorp and Formula Motorsport across the United States, Europe, India and the ASEAN region. The fresh issue proceeds of the Hero Motors IPO are earmarked for debt repayment and capacity expansion at its Gautam Buddha Nagar facility in Uttar Pradesh.
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Hero Motors IPO Details
The table below sets out the key parameters of the issue, including the price band, lot size and important dates.
| Open Date | 16 September 2026 |
| Close Date | 18 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 79 to Rs 84 per share |
| Lot Size | 178 shares |
| Issue Size | Rs 1,000 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 21 September 2026 |
| Listing Date | 23 September 2026 |
Hero Motors IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 14,952 (1 lot, 178 shares) |
| Maximum retail application | Rs 1,94,376 (13 lots, 2,314 shares) |
| Registrar | KFin Technologies Ltd |
| Lead Manager | ICICI Securities Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Hero Motors IPO Share Reservation
The issue reserves not more than 50 percent of the offer for qualified institutional buyers, not less than 15 percent for non-institutional investors, and 35 percent for retail individual investors. Retail bidders can apply for a minimum of 1 lot, or 178 shares, and up to 13 lots, or 2,314 shares.
Hero Motors IPO Subscription Status Day 1
Bidding for the issue has opened today, 16 September 2026, so the category wise numbers below will fill in as the session progresses. With QIBs holding up to 50 percent of the offer, institutional bids typically arrive closer to the final day.
| Investor Category | Subscription Status, Day 1 (16 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Hero Motors IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 79 to Rs 84 band, in multiples of 178 shares.
- Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 18 September.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About Hero Motors Limited
Hero Motors Limited, incorporated in April 1998 and part of the Hero Group, designs, develops and manufactures engineered powertrain solutions and alloy and metallic components for automotive OEMs across two-wheelers, e-bikes, motorsport and performance automotive segments, with marquee global customers including BMW, Ducati, Hero MotoCorp and Formula Motorsport. The company reported revenue of Rs 1,216.74 crore in FY26, up 9.5 percent year on year, and net profit of Rs 41.17 crore, ahead of the issue.
Conclusion
The issue has opened for bidding today, 16 September 2026, backed by the Hero Group’s established position in powertrain engineering across global OEM customers. Investors considering the issue should study the company financials, valuation and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Hero Motors IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 16 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE and BSE as the day progresses.
When does the Hero Motors IPO open and close?
Ans. The issue opened for subscription today, 16 September 2026, and will close on 18 September 2026, a standard three day bidding window for a mainboard issue.
What is the Hero Motors IPO price band and lot size?
Ans. The issue price band is Rs 79 to Rs 84 per share, with a lot size of 178 shares. Retail investors must apply for a minimum of 1 lot, taking the minimum investment to about Rs 14,952 at the upper price band, and can apply for up to 13 lots, or 2,314 shares, worth about Rs 1,94,376.
What is the issue size and structure of the Hero Motors IPO?
Ans. The issue is worth about Rs 1,000 crore, comprising a fresh issue worth about Rs 600 crore and an offer for sale worth about Rs 400 crore by existing selling shareholders.
How are shares reserved across investor categories in the Hero Motors IPO?
Ans. The issue reserves not more than 50 percent of the offer for qualified institutional buyers, not less than 15 percent for non-institutional investors, and 35 percent for retail individual investors.
What is the Hero Motors IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the Hero Motors IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 178 shares and your price within the Rs 79 to Rs 84 band, then approve the UPI mandate before the daily cut off.
When will the Hero Motors IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 21 September 2026, and the shares are tentatively scheduled to list on both NSE and BSE on 23 September 2026.
What does Hero Motors Limited do?
Ans. Hero Motors Limited, part of the Hero Group, designs, develops and manufactures electrified and non-electrified powertrain solutions and alloy and metallic components for automotive OEMs, serving two-wheelers, e-bikes, motorsport and performance automotive customers globally.
Who is the registrar and lead manager for the Hero Motors IPO?
Ans. KFin Technologies Ltd is the registrar for the issue, and ICICI Securities Ltd is the book running lead manager for the issue.
