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Hero Motors Raises Rs 299.99 Crore Ahead of IPO
Hero Motors makes powertrain systems for electric and regular vehicles.
It has collected nearly Rs 300 crore from large investors before its share sale begins.
The company’s IPO will be open to the public from September 16 to September 18, 2026.
The price for each share will be between Rs 79 and Rs 84.
Investors must bid for at least 178 shares.
Some of the IPO money will help repay loans.
Another portion will buy equipment to expand a factory in Uttar Pradesh.
The company also plans to use some money for acquisitions and other business needs.
Its shares are expected to be listed on the NSE and BSE.
Hero Motors raised Rs 299.99 crore from anchor investors at Rs 84 per share.
Its Rs 1,000-crore IPO will open for public subscription on September 16, 2026, and close on September 18.
The offer includes a fresh issue of up to Rs 600 crore and an offer-for-sale of up to Rs 400 crore.
Domestic mutual funds received 2,91,64,441 shares through 16 schemes, forming most of the anchor allocation.
Hero Motors will use fresh proceeds for debt repayment, capacity expansion, acquisitions, strategic initiatives and general corporate purposes.
- Who
- Hero Motors, anchor investors, promoters O P Munjal Holdings and Hero Cycles, and public IPO investors.
- What
- Hero Motors raised Rs 299.99 crore from anchor investors ahead of its Rs 1,000-crore IPO.
- Where
- The company is based in Mumbai, and planned capacity expansion will take place at its Gautam Buddha Nagar facility in Uttar Pradesh.
- When
- The IPO opens on September 16, 2026, and closes on September 18, 2026.
- Why
- The company is raising funds to repay borrowings, expand capacity, support possible acquisitions, pursue strategic initiatives and fund general corporate purposes.
Key facts
- Anchor allocation
- 3,57,14,284 shares allotted at Rs 84 each
- IPO size
- Up to Rs 1,000 crore
- Price band
- Rs 79-Rs 84 per share
- IPO dates
- September 16-18, 2026
- Minimum bid
- 178 shares and multiples thereof
- Fresh issue use
- Rs 190 crore for borrowing repayment and Rs 200 crore for capacity-expansion equipment
- Proposed listing
- NSE and BSE
Sources
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