Archive · 10 Sep 2026
Hero Motors Sets IPO Band, Targets ₹3,815 Crore Valuation
Hero Motors makes parts and technology for vehicle companies.
It plans to sell shares to the public in an IPO.
Each share will cost between ₹79 and ₹84.
People can apply from September 16 to September 18, 2026.
Large investors can place bids one day earlier.
The company hopes to raise about ₹1,000 crore.
It plans to use some of the money to reduce debt and some to buy equipment for a larger factory.
Existing shareholders will also sell some shares, and Hero Motors supplies companies such as BMW and Ducati.
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 scheduled for September 15.
The offering comprises a fresh issue of up to ₹600 crore and an offer for sale of up to ₹400 crore by existing shareholders.
Hero Motors plans to use fresh proceeds to repay debt, buy equipment and expand its Gautam Buddha Nagar facility in Uttar Pradesh.
The company supplies automotive components to customers including BMW and Ducati and is led by Pankaj Munjal.
- Who
- Hero Motors, led by Pankaj Munjal, is launching the IPO; existing shareholders will also sell shares.
- What
- The company is offering shares at ₹79-84 each in an IPO expected to raise about ₹1,000 crore.
- When
- Anchor bidding is scheduled for September 15, 2026; public subscription runs from September 16 to September 18, 2026. One report said the shares are expected to debut on September 23.
- Where
- The planned capacity expansion is at Hero Motors' manufacturing facility in Gautam Buddha Nagar, Uttar Pradesh, India.
- Why
- The fresh proceeds will be used to reduce borrowings, purchase equipment, expand capacity and support other stated corporate or strategic needs.
- 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 approximately $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
- Planned use of fresh proceeds
- ₹190 crore for repayment or prepayment of borrowings and ₹200 crore for equipment supporting capacity expansion; the balance may support acquisitions, strategic initiatives and general corporate needs
