Hero Motors IPO Listing: Shares Debut at 2.38% Discount on NSE
- September 23, 2026
- Posted by: Harsh Piplani
- Category: News
Hero Motors lists at Rs 82 on NSE, down 2.38%. BSE opens at Rs 82.10, up 2.26%. Issue price Rs 84. Subscribed 6.66 times overall. Issue size Rs 1,000 Cr.
Quick Answer
Hero Motors debuted at Rs 82 on the NSE today, a 2.38 percent discount to its Rs 84 issue price, while BSE shares opened at Rs 82.10, up 2.26 percent. The auto components maker was subscribed 6.66 times overall, the weakest of the three mainboard IPOs listing on the same day.
Hero Motors IPO Listing Today: The IPO closed subscription at 6.66 times overall on 18 September 2026. NIIs put in about 9.86 times their quota, retail investors around 8.23 times, and QIBs just 1.59 times. Here is a recap of the offer itself and how the stock actually traded once it opened.
Click Here – Get Free Investment Predictions
Hero Motors IPO Listing: Issue Details
Hero Motors Limited raised Rs 1,000 crore through its IPO. The issue listed on both the NSE and the BSE, with a tentative listing date of 23 September 2026. Bidding ran from 16 September 2026 to 18 September 2026, at a price band of Rs 79 to Rs 84 per share.
| Particular | Detail |
|---|---|
| Allotment Date | 21 September 2026 |
| IPO Open Date | 16 September 2026 |
| IPO Close Date | 18 September 2026 |
| Issue Size | Rs 1,000 crore |
| Issue Price | Rs 84 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Listing Date | 23 September 2026 |
Check Live Stock Data on the Univest Screener
Hero Motors IPO Listing Price and Performance
Shares opened at Rs 82 on the NSE, a 2.38 percent discount to the Rs 84 issue price. On the BSE, they opened at Rs 82.10, a small 2.26 percent premium. The grey market premium had already fizzled out in the days before listing, so this weak debut was not a surprise. Of the three mainboard IPOs listing today, Hero Motors was the clear laggard.
About the Hero Motors IPO
Hero Motors Limited is a powertrain solutions and auto components manufacturer, supplying bicycle, e-bike, scooter and motorcycle powertrain systems to clients including BMW, Ducati, Hero MotoCorp and River Mobility. Its business spans a Powertrain Solutions segment and an Auto & Mobility segment, with EV-related revenue growing fastest, and operations extending to a joint venture with Yamaha and a facility in Thailand alongside its India operations. India accounted for 58.6 percent of FY26 revenue and Europe 33.6 percent. DAM Capital Advisors, ICICI Securities and JM Financial were the book running lead managers, with Kfin Technologies as registrar.
Download the Univest iOS App or Univest Android App to track Hero Motors live share price and get daily stock recommendations.
Hero Motors Limited Financials
Here is how Hero Motors Limited has performed financially over the last three fiscal years.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue | 1,188.4 | 1,089.6 | 1,064.4 |
| Profit After Tax | 41.2 | 32.8 | – |
Explanation
Revenue grew 9.1 percent in FY26 to Rs 1,188.4 crore, after a more modest 2.4 percent rise the year before. Profit after tax rose 25.6 percent, from Rs 32.8 crore in FY25 to Rs 41.2 crore in FY26, though the PAT margin remains thin at around 3.5 percent given the capital intensive nature of the business. Cash flow from operations improved sharply too, helped by working capital movements.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Hero Motors IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Hero Motors IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
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 was the Hero Motors IPO listing price?
Ans. Hero Motors shares listed at Rs 82 on the NSE, a 2.38 percent discount to the Rs 84 issue price, and opened at Rs 82.10 on the BSE, a 2.26 percent premium.
Was the Hero Motors IPO listing a premium or a discount?
Ans. It was a discount on the NSE and a marginal premium on the BSE, making it a weak overall debut relative to the other mainboard IPOs listing the same day.
How much was the Hero Motors IPO subscribed?
Ans. The IPO was subscribed 6.66 times overall, with NIIs at around 9.86 times, retail investors at around 8.23 times, and QIBs at just 1.59 times.
What is the issue price of the Hero Motors IPO?
Ans. The issue price was fixed at Rs 84 per share, the top of the Rs 79 to Rs 84 price band.
Who is the registrar for the Hero Motors IPO?
Ans. Kfin Technologies Limited is the registrar.
What does Hero Motors do?
Ans. Hero Motors is a powertrain solutions and auto components manufacturer supplying bicycle, e-bike, scooter and motorcycle powertrain systems to global two-wheeler brands.
Where can I track the Hero Motors share price now?
Ans. You can track it on the NSE and BSE, or through the Univest platform.
Should I hold shares after the Hero Motors IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the thin PAT margin and high customer concentration against the growth in EV-related revenue before deciding whether to hold or sell.
