Hero Motors IPO Day 3: Subscription Closes Today, 18 September 2026

Hero Motors Limited, the automotive technology flagship of the Hero Group, has reached the final day of its IPO subscription window today, 18 September 2026. The Hero Motors IPO opened on 16 September and is a mainboard, book built issue worth about Rs 1,000 crore, comprising a fresh issue of Rs 600 crore and an offer for sale of Rs 400 crore. The shares are proposed to list on both NSE and BSE.

Demand for the issue has built steadily through the bidding window. The issue closed Day 1 subscribed 1.48 times overall, and by the close of Day 2 the overall book had climbed to around 3.58 times, with retail crossing 5 times subscription. The QIB category, excluding the anchor book, remained thin at 0.07 times as of the Day 2 close, and today's final hours will be the key window for institutional bids.

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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 3

The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the close of Day 2.

Session	Overall	Retail	NII	QIB
Day 1 close (16 Sep, 5:08 PM)	1.48x	2.38x	1.33x	0.01x
Day 2 close (17 Sep, 5:07 PM)	3.58x	5.34x	4.14x	0.07x
Day 3, closing day so far (18 Sep)	Updating through the session

Retail and NII investors have driven the demand for the issue through the bidding window, while the QIB book, excluding anchors, has yet to build meaningfully. With bidding open until the end of today's session, the final subscription numbers for the issue should be confirmed on the NSE and BSE websites once the window shuts.

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 well before the cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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 closed out its bidding window with solid momentum, running at around 3.58 times overall by the close of Day 2, led by retail and NII demand. 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 before the window shuts today.

FAQs

What is the Hero Motors IPO subscription status on Day 3?

Ans. On the closing day, 18 September 2026, the issue carries forward a Day 2 close of 3.58 times overall, with retail at 5.34 times, NII at 4.14 times, and QIB at 0.07 times, and figures are updating through today's final session.

When does the Hero Motors IPO close?

Ans. The issue closes for subscription today, 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 investment to about Rs 14,952 at the upper price band.

Which category led the Hero Motors IPO subscription?

Ans. Retail investors led the issue through Day 2, reaching 5.34 times, ahead of NII at 4.14 times, while the QIB portion, excluding the anchor book, remained thin at 0.07 times as of the Day 2 close.

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 before it closes?

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 today's 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 3.58 times by the Day 2 close, so the issue is well placed to close oversubscribed, though the QIB book, excluding anchors, which stood at only 0.07 times, will only become clearer closer to today's 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.