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Hero Motors Sets IPO Band, Targets ₹3,815 Crore Valuation
Hero Motors makes parts for vehicles and is selling shares to the public.
Each share will cost between ₹79 and ₹84.
People can apply for the IPO from September 16 to September 18, 2026.
Some large investors can bid one day earlier.
The company hopes to raise about ₹1,000 crore.
It will create new shares and existing shareholders will sell some of theirs.
The company plans to use its share of the money to repay debt and buy equipment.
Hero Motors supplies companies such as BMW and Ducati and is led by Pankaj Munjal.
Hero Motors set its IPO price band at ₹79-84 per share, implying a top-end valuation of about ₹3,815 crore.
The three-day IPO will open on September 16, 2026, and close on September 18, with anchor bidding on September 15.
The offering is expected to raise about ₹1,000 crore, or $105 million.
The issue includes fresh shares worth up to ₹600 crore and an offer for sale of up to ₹400 crore by existing shareholders.
Fresh IPO proceeds will be used to reduce debt and purchase equipment for expanding Hero Motors’ Uttar Pradesh facility.
- Who
- Hero Motors, led by Pankaj Munjal, is launching the IPO.
- What
- The company is offering shares at ₹79-84 each through an IPO expected to raise about ₹1,000 crore.
- Where
- The company plans to expand its manufacturing facility in Uttar Pradesh, India.
- When
- Anchor bidding is scheduled for September 15, 2026; public subscription runs from September 16 to September 18, 2026.
- Why
- Fresh IPO proceeds will be used to reduce debt and purchase equipment for capacity expansion.
Key facts
- IPO price band
- ₹79-84 per share
- Public offering dates
- September 16-18, 2026
- Anchor bidding
- September 15, 2026
- Expected issue size
- About ₹1,000 crore, or $105 million
- Fresh issue
- Up to ₹600 crore
- Offer for sale
- Up to ₹400 crore by existing shareholders
- Top-end valuation
- About ₹3,815 crore; one article also expressed this as approximately $401.16 million
Sources
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