IPO News & Analysis
Hero Motors IPO Opens September 16: Price Band Set at ₹79–₹84 per Share
IB
Published on 15 September 2026
Editorial Note: Independent primary market intelligence. Not SEBI-registered investment advice. Verify all figures with the offer document (RHP) before bidding.
NEW DELHI / MUMBAI, SEPTEMBER 15, 2026 — Leading automotive powertrain and mobility components manufacturer Hero Motors Limited is set to open its initial public offering (IPO) on Wednesday, September 16, 2026, with a price band fixed at ₹79 to ₹84 per equity share.
The issue aggregates to ₹1,000 crore, comprising a fresh issue of equity shares worth ₹600 crore and an Offer for Sale (OFS) of ₹400 crore by the promoter group. The public bidding window will close on Friday, September 18, 2026. The company intends to deploy net proceeds from the fresh issue towards debt reduction, capex expansion at its Gautam Buddha Nagar and Ghaziabad manufacturing facilities, and corporate purposes.
Hero Motors IPO: Key Dates & Schedule
| IPO Milestone |
Exact Calendar Date |
| Anchor Investor Bidding |
Tuesday, September 15, 2026 |
| Public Subscription Opens |
Wednesday, September 16, 2026 |
| Public Subscription Closes |
Friday, September 18, 2026 |
| Basis of Allotment Finalization |
Monday, September 21, 2026 |
| Refunds & Demat Credit |
Tuesday, September 22, 2026 |
| Tentative Listing Date (BSE & NSE) |
Wednesday, September 23, 2026 |
Capital Breakdown & Business Profile
Part of the Pankaj M Munjal group, Hero Motors Limited is a high-precision automotive engineering company supplying powertrain systems, transmission gears, e-bike drive units, and chassis components to top-tier global automotive OEMs across Europe, North America, and India.
Statutory Disclaimer: IPO Bulletin (ipobulletin.com) provides independent primary market analysis and factual reportage. This article does not constitute financial advice, equity research recommendation, or an offer to buy or sell securities. Investors must read the Red Herring
Prospectus (RHP) thoroughly and consult a SEBI-registered investment advisor before deploying capital.
A price band is the range, with a lower limit (floor) and an upper limit (cap), within which investors may bid for shares in a book-built IPO. The company and its lead managers announce the band in the price band…
The days, usually three working days, during which investors can place, revise or cancel bids. Bidding runs from the opening to the closing date.
An anchor investor is a large institutional investor, such as a mutual fund, insurance company or foreign fund, that agrees to buy shares in an IPO a day before the issue opens to the public. Under SEBI rules, up to…
The basis of allotment is the method and result by which shares are distributed among applicants after an IPO closes. It is finalised by the registrar to the issue in consultation with the stock exchange, and the exchange approves it…
The listing date is the day on which a company's shares start trading on the stock exchange after its IPO. Before this day the shares exist only as an allotment in the registrar's records and, after the credit step, in…
A prospectus is the legal document in which a company invites the public to subscribe to its shares or debentures and discloses the information investors need to decide. In India the Companies Act 2013 and SEBI regulations require it to…
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