Hero Motors IPO Day 2: Subscription Status on 17 September 2026

The issue has entered Day 2 of its three day bidding window, which opened on 16 September and closes on 18 September 2026. Hero Motors Limited, the automotive technology flagship of the Hero Group, is raising about Rs 1,000 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE.

Day 1 bidding for the issue closed with the issue subscribed 1.48 times overall, crossing full subscription on the opening day itself, led by retail and non-institutional demand. With qualified institutional buyers, excluding the anchor book, still nearly untouched at 0.01 times, today's session and the 18 September close will be key to how much the QIB book adds.

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Hero Motors IPO Details

The table below sets out the key parameters of the issue.

Open Date	16 September 2026
Close Date	18 September 2026
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 Subscription Status Day 2

Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.

Investor Category	Subscription at Day 1 Close (16 Sep, 5:08 PM)	Overall Subscription So Far (Day 2, 17 Sep)
Qualified Institutional Buyers (QIB)	0.01 times	Updating
Non-Institutional Investors (NII)	1.33 times	Updating
Retail Individual Investors	2.38 times	Updating
Overall	1.48 times	Updating through the session

Retail investors led the issue through Day 1, followed by NII, while the QIB book, excluding anchor allocation, has barely begun to fill. Investors should treat the Day 2 figures as provisional since bidding remains open until the 18 September close.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Hero Motors IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. 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.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 18 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 18 September close.

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.

Conclusion

The issue has opened strongly, crossing full subscription within Day 1 with retail and NII demand leading the way, while the QIB book excluding anchors has room to build before the 18 September close. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

FAQs

What is the Hero Motors IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 1.48 times overall, with retail leading at 2.38 times, NII at 1.33 times, and QIB at 0.01 times, and figures for Day 2, 17 September 2026, are updating through today's session on NSE and BSE.

When does the Hero Motors IPO close?

Ans. The issue closes for subscription on 18 September 2026, having opened on 16 September 2026.

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, taking the minimum retail investment to about Rs 14,952 at the upper band.

Which category led the Hero Motors IPO on Day 1?

Ans. Retail investors led the issue on Day 1, subscribing their reserved portion 2.38 times, ahead of non-institutional investors at 1.33 times, while the QIB portion, excluding the anchor book, stood at just 0.01 times.

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.

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, entering your bid in multiples of 178 shares within the Rs 79 to Rs 84 band and approving 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, with listing on both NSE and BSE tentatively scheduled for 23 September 2026.

Is the Hero Motors IPO likely to close oversubscribed?

Ans. The issue was already subscribed 1.48 times by the Day 1 close, so barring a sharp slowdown, the issue is well placed to close oversubscribed, though the QIB book, which stood at only 0.01 times excluding anchors, will only become clearer closer to the 18 September deadline.

What is the reservation split 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 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 and performance automotive customers.