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Disclaimer: CAPITA1 provides market information and educational content only. We are not a SEBI-registered investment adviser or research analyst, and nothing on this site is investment advice, a buy/sell recommendation, or a solicitation. Figures come from publicly available sources, may be delayed, and are not guaranteed accurate, complete or current. Investing in securities carries risk — consult a qualified financial adviser before making any investment decision. Using this site means you accept our Terms.

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HM

Hero Motors Limited IPO

ListedMainboard

— · ₹79 – ₹84 · —

Last updated: 06 Nov 2026, 11:18 am · 3d ago
Price Band₹79 – ₹84
Lot Size178 shares
Issue Size—
GMP (Unofficial)+0.00%
  • Overview
  • Timeline
  • Subscription
  • Financials
  • Valuation
  • Documents
Grey Market Premium₹0(0%)Unofficial grey-market estimate — not an exchange price.
  1. 16 Sep 2026Open Date
  2. 18 Sep 2026Close Date
  3. 21 Sep 2026Allotment Date
  4. 23 Sep 2026Listing Date

Check your allotment

KFin Technologies — allotment statusBSE allotment statusNSE allotment status

These open the registrar's and the exchanges' own websites. Hero Motors Limited is not affiliated with CAPITA1, and we never ask for your PAN or application number.

IPO Snapshot
22/ 100
Opportunity Score
🔴 Expensive
Broker Consensus
Avoid
GMP %
+0.00%
Subscription
N/A
P/E
73.04x
ROE
8.56%
ROCE
19.77%
DRHP RHP

“Broker Consensus” is CAPITA1's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.

Hero Motors Limited IPO valuation · at upper band ₹84

🔴 Expensive
Market Cap (Post-IPO)
Not Available
Market Cap (Pre-IPO)
Not Available
Enterprise Value
Not Available
Earnings Per Share (EPS)
₹1.15
Net Asset Value per Share (NAV)
₹12.72
Price to Earnings (P/E) at upper band
73.04x
Price to Book (P/B)
6.60x
EV / EBITDA
Not Available
Return on Net Worth (RoNW)
8.53%
Return on Equity (ROE)
8.56%
Return on Capital Employed (ROCE)
19.77%
Debt / equity
Not Available
Formulas used (all at upper price band)
  • Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
  • Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
  • Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
  • Total Debt = Debt/Equity × Net Worth
  • Net Worth = NAV (Book Value/Share) × Post-issue Shares
  • P/E Ratio = Upper Price ÷ EPS
  • P/B Ratio = Upper Price ÷ NAV
  • EV / EBITDA = Enterprise Value ÷ EBITDA

Company financials (EPS, NAV, ratios) from Issuer DRHP figures, compiled from public IPO listings. Ratios computed at the upper price band; not investment advice.

AI IPO AnalysisAI

DRHP / RHP IntelligenceAI

Generate an AI read of the offer document — business, risks, promoters, use of funds and an educational verdict, with citations back into the filing.

Listing Performance

Issue Price (upper band)
₹84
Listed At
₹82.00
Listing Gain
-2.38%

Opening price on the first trading day. Not the current price, and not a return — what happened after listing is not shown here.

GMP (Grey Market Premium)

₹0+0.00%

CAPITA1 desk — unofficial grey-market estimate — No exchange publishes a grey-market premium; this is not investment advice. Updated 20 Sept 2026, 05:17 pm.

Trend · 6 readings-24 since 14 Sept
  1. 14 Sept ₹24
  2. 16 Sept ₹5
  3. 17 Sept ₹16
  4. 17 Sept ₹7
  5. 18 Sept ₹6
  6. 20 Sept ₹0

Subscription

Subscription figures are not available for this issue.

Timeline

Open Date
16 Sept 2026
Close Date
18 Sept 2026
Allotment
21 Sept 2026
Refund
22 Sept 2026
Demat Credit
22 Sept 2026
Listing
23 Sept 2026

Lot Size & Offer

Lot Size
178 shares
Min Investment
₹14,952
Fresh Issue
Not Available
Offer for Sale
Not Available

Issue Structure

Issue Type
Book Building
Face Value
₹10
Retail Application Cap
₹2,00,000

Regulatory maximum for one retail application.

As stated in the issue information filed with NSE.

Reservation

QIB
50%
NII / HNI
15%
Retail
35%
Employee
Not Available

Objectives of the Issue

  • Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by our Company
  • Capital expenditure of our Company through purchase of equipment for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility
  • Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

Financial Highlights (₹ Cr)

Not Available

Revenue Growth
Not Available
PAT Growth
Not Available
EBITDA
Not Available
EBITDA Margin
12.44%
ROE
8.56%
ROCE
19.77%
Debt / equity
Not Available
Net Worth
Not Available

Promoter Holding

Pre-Issue
Not Available
Post-Issue
Not Available

Registrar & Managers

Registrar
KFin Technologies Limited
Contact Person
M. Murali Krishna
Email
heromotors.ipo@kfintech.com
Phone
+91 40 6716 2222
Address
301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai 400070 Maharashtra, India
Book Running Lead Managers
  • ICICI Securities Limited
  • DAM Capital Advisors Limited and JM Financial Limited

Offer Documents

RHP DRHP Basis of Issue Price Anchor Allocation Bidding Centres

Market data: NSE (official calendar, issue filing and subscription) · CAPITA1 desk (GMP) · updated 06 Nov 2026, 11:18 am

Fundamentals: Issuer DRHP figures, compiled from public IPO listings · fetched 19 Sept 2026, 08:13 am

IPO calendar, issue details and subscription from NSE. Any grey-market premium shown is CAPITA1’s own unofficial estimate, collected daily from grey-market sources — not investment advice, and no exchange publishes one. Company fundamentals (financials, peers) are not part of the live feed.

Latest news on Hero Motors Limited

  • Hero Motors shares hit 5% lower circuit, remain 42% above IPO priceLiveMint · 22 Oct 2026
  • Hero Motors shares surged 20% to upper circuit after debutEconomic Times · 23 Sept 2026
  • IPO allotment status for SS Retail, Hero Motors, Jindal Supreme onlineLiveMint · 19 Sept 2026
  • Hero Motors, NSE show two realities of India’s unlisted marketLiveMint · 19 Sept 2026
  • Hero Motors IPO ranks among India's top ten largest offeringsJagran Josh · 18 Sept 2026

Understanding the terms

  • Three IPOs listed on 23 September 2026: SS Retail +47%, Jindal Supreme +29%, Hero Motors −2%Three mainboard IPOs listed on 23 September 2026. Two opened well above their issue price and one opened below…
  • Hero Motors IPO: Dates, Price Band, GMP and What the Prospectus ShowsHero Motors' IPO, at ₹79–₹84 a share, was open from 16 September 2026 to 18 September 2026 and listed on 23 Se…
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