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.