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Hero Motors Ltd
CLOSED
NSE & BSE
Bookbuilding IPO
Fresh capital cum OFS
Hero Motors IPO GMP
GREY MARKET
PREMIUM
₹
+ 1
+1% expected return
EST. LISTING
PRICE
₹85
Issue Price: ₹
84
Issue Price
₹84
Face Value
₹10
Lot Size
178 shares
IPO Size
Agg. upto ₹1,000 Cr
Open Date
16 Sep 2026
Close Date
18 Sep 2026
Allotment
21 Sep 2026
Listing Date
23 Sep 2026
Exchange
NSE & BSE
Hero Motors IPO Details: Price, Dates & Financials
The Hero Motors IPO GMP strength score is 2.4 out of 10, which the dashboard rates as Weak. The Hero Motors IPO valuation is tagged Weak. The Hero Motors IPO is subscribed 5.12 times overall so far. Amounts are calculated at the upper price band of ₹84.
IPO Analytics Dashboard
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Hero Motors IPO GMP Insights
Valuation
Weak
Hero Motors IPO GMP Strength Score
2
/ 10
Weak
0–3 Weak
3–6 Moderate
6–8 Good
8–10 Strong
Hero Motors IPO Category-wise Subscription
Shares offered, bid & amount
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 1.27 | 59,523,808 | 75,802,012 |
| NII / HNI | 10.24 | 17,857,143 | 182,850,322 |
| Retail (RII) | 8.41 | 41,666,667 | 350,454,766 |
| Total | 5.12 | 119,047,618 | 609,107,100 |
* Amount calculated at upper price band (₹84) · ** Total includes all investor categories
Hero Motors IPO Application Sizing
Minimum investment by category
Retail Investors ?
Min. Lots
1
Shares / Lot
178
Min. Investment
₹14,952
Hero Motors IPO Valuation — EPS & P/E
Pre & post-issue metrics
Pre-Issue EPS ?
₹ 1
Post-Issue EPS ?
₹ 1
Pre-Issue P/E ?
78 x
Post-Issue P/E ?
92 x
Hero Motors IPO Timeline & Key Dates
- 1 Initiation of Refund 22 Sep 2026
- 2 Credit of Shares to Demat 22 Sep 2026
- 3 Lock-in Period (30%) Wed, Oct 21, 2026
- 4 Lock-in Period (50%) Sun, Dec 20, 2026
Investor Interpretation
- The IPO P/E of 92x reflects a weak valuation relative to typical market ranges.
- Pre-issue EPS of ₹1 compares to post-issue EPS of ₹1 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
Hero Motors IPO Subscription FAQs
Hero Motors IPO is subscribed 5.12x overall (Retail 8.41x, QIB 1.27x, NII/HNI 10.24x).
The retail (RII) portion of Hero Motors IPO is subscribed 8.41x.
Hero Motors IPO — QIB 1.27x, NII/HNI 10.24x.
In Hero Motors IPO, retail investors can apply for a minimum of 1 lot(s) (₹₹14,952).
Shares offered by category — QIB 59,523,808 shares, Retail 41,666,667 shares.
Hero Motors IPO valuation — pre-issue EPS ₹1.08, post-issue EPS ₹0.91, pre-issue P/E 77.78, post-issue P/E 92.31.
30% lock-in period ends: Wed, Oct 21, 2026. 50% lock-in period ends: Sun, Dec 20, 2026.
Subscription is shares bid for divided by shares offered in that category. If 10 lakh shares are offered and 50 lakh are bid for, the category is subscribed 5 times. Final numbers are confirmed after the bidding closes.
GMP and IPO data are unofficial and for information only — not investment advice. Read the full disclaimer.