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Hero Motors Ltd.
Closed
Price Band
₹79 to ₹84
IPO Issue Period
16 Sep to 18 Sep, 2026
Issue Size
₹1,000 Cr
Face value
₹10 per share
Fresh issue
₹600 Cr
Offer for sale
₹400 Cr
Minimum Shares for Retail
178 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue - IPO
Registrar to the Issue
Kfin Technologies Ltd.
Tentative Listing Date
Wed, Sep 23, 2026
QIB
50%
NII
15%
Retail
35%

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Company Profile

Hero Motors Limited is a leading Indian automotive technology firm that designs, manufactures, and supplies advanced powertrain solutions to major global vehicle manufacturers. Serving markets across India, Europe, the United States, and the ASEAN region, the company provides essential systems for various applications, including two-wheelers, electric and hybrid vehicles, e-bikes, commercial trucks, and aerospace applications like eVTOL aircraft. They supply recognized international brands, including BMW AG and Ducati Motor Holding.

The company operates through two core business segments: Powertrain Solutions and Alloys & Metallics. To maintain customer proximity and operational efficiency, Hero Motors runs six global manufacturing facilities located in Uttar Pradesh and Punjab in India, Maidenhead in the UK, and Samut Prakan in Thailand. Their continuous focus on innovation is supported by two dedicated technology centers based in Gautam Buddha Nagar, Uttar Pradesh, and Southam, United Kingdom, which drive their engineering capabilities.

For the year/period ended (Rs. in Cr.)

FY26 FY25 FY24
Total Revenue 1188.35 1089.59 1063.39
Profit After Tax 41.17 32.79 17.04
EPS 1.15 0.67 0.36
EBITDA Margin (%) 12.44 10.46 8.11
PAT Margin (%) 3.46 3.01 1.60

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY26
Net Profits(Cr.)
FY26
Hero Motors Limited 3794.18* 84 0.15 73.68 1188.35 41.17
CIE Automotive India Limited 14547 383 1.88 16.2 9406 828
Endurance Technologies Limited 38148 2712 5.58 38.8 14596 952
Sona BLW Precision Forgings Limited 49949 800 8.51 64.2 4124 646
UNO Minda Limited 70757 1225 10.4 57.9 19658 1284

*Market cap @upper band

  • Among India’s Leading Solutions Provider to Global E-Mobility Industry backed by Diversified Product and Service Offerings
  • Growing Market Presence in the Electric Bikes and Premium Two-Wheelers Segments
  • Longstanding Relationships with Premier Global Original Equipment Manufacturers and Expertise in Delivering Solutions
  • Advanced Infrastructure with Geographically Diverse Operations
  • Strong Research and Development Capabilities and Long-Term Partnerships

The Company HERO MOTORS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by Company (Rs. 190.00 Cr.)
  • Capital expenditure of Company through purchase of equipment for expansion in capacity of Gautam Buddha Nagar, Uttar Pradesh facility (Rs. 200.00 Cr.)
  • Funding inorganic growth through unidentified acquisitions and other strategic initiatives
  • General corporate purposes

At the upper band of IPO Rs. 84, the stock is valued at 73.68 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.