
Minimum Investment
About Company
Company Name: Hero Motors Limited
Industry / Sector: Auto Components & Equipments / Powertrain Solutions
Founded Year: April 1998
Promoters: Pankaj Munjal, Charu Munjal, Abhishek Munjal, O P Munjal Holdings
Hero Motors Limited is an automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs) across the United States, Europe, India and ASEAN region. The Company provides integrated solutions for both electric and non-electric powertrains, serving two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles and eVTOL applications. The Company offers system-level and component-level solutions covering designing, prototyping, validation, development and delivery of powertrain systems. It is recognized for its expertise in continuously variable transmissions (CVT), EV transmissions, electric motors, integrated drive units and gear sets. The Company also has a first-mover position in the global e-bike powertrain market and is the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrain products for e-bikes. The Company's operations are divided into Powertrain Solutions and Alloys and Metallics (A&M) segments. Powertrain Solutions comprises Gears and Transmissions (G&T), serving automotive and mobility applications, and Bike Powertrain (BPT), focused on micro-mobility applications and global e-bike manufacturers. The A&M segment provides sheet metal and tubular assemblies and components primarily to automotive OEMs. The Company has established relationships with global customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV and HWA, along with leading global e-bike manufacturers. As of March 31, 2026, the Company had 1,388 permanent employees and 707 contract labourers.
IPO Basic Details
| Company Name | Hero Motors Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹79 – ₹84 |
| Lot Size | 178 Shares |
| Total Issue Size | 11,90,47,618 Equity Shares (₹1,000 Cr) |
IPO Strengths & Risks
Strengths
- Strong R&D and engineering capabilities
- Long-term relationships with global OEMs
- Strong presence in the global e-mobility industry
- Diversified powertrain product and service offerings
- Experienced management and strong corporate governance
- Growing presence in electric bikes and premium two-wheelers
Risks
- Dependence on the automotive and mobility sector
- Exposure to global economic cycles and automotive demand
- Competition from other powertrain solution providers
- Technological changes and transition to electric mobility
- Working capital intensive business model
IPO Important Dates
| IPO Open Date | 16 Sep 2026 |
| IPO Close Date | 18 Sep 2026 |
| Basis of Allotment | 21 Sep 2026 |
| Refund Initiation | 22 Sep 2026 |
| Demat Credit Date | 22 Sep 2026 |
| Listing Date | 23 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | Not more than 50% of the Offer |
| Retail Quota | Not less than 35% of the Offer |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 178 | ₹14,952 |
| Retail Maximum | 13 Lots | 2314 | ₹1,94,376 |
| S-HNI Minimum | 14 Lots | 2492 | ₹2,09,328 |
| S-HNI Maximum | 66 Lots | 11748 | ₹9,86,832 |
| B-HNI Minimum | 67 Lots | 11926 | ₹10,01,784 |
Key Performance Indicators (KPI)
| ROE | 8.56% |
| ROCE | 19.77% |
| RoNW | - |
| PAT Margin | 3.46% |
| EBITDA Margin | 12.44% |
| EPS | ₹1.08 (Pre-IPO), ₹0.91 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.83 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹1,371.83 Cr | ₹1,216.74 Cr | ₹41.17 Cr | ₹147.78 Cr | ₹482.45 Cr | ₹400.79 Cr |
| FY2025 | ₹1,164.62 Cr | ₹1,111.23 Cr | ₹32.80 Cr | ₹114.00 Cr | ₹423.95 Cr | ₹407.62 Cr |
| FY2024 | ₹1,059.86 Cr | ₹1,083.42 Cr | ₹17.04 Cr | ₹86.28 Cr | ₹385.44 Cr | ₹304.00 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Kfin Technologies Ltd.
Registrar Website: Not explicitly stated in the source
IPO Lead Manager(s)
Company Information
Address: Hero Nagar, GT Road, Ludhiana, Punjab - 141003
Website: https://www.heromotors.com
Email: investorrelations@heromotors.com
Phone: +91 120441200
IPO Documents
Frequently Asked Questions (FAQ)
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