FY26
Assets1,371.83
Net Worth482.45
Total Debt400.79
RevenueAnnualised basis1,188.93
EBITDAAnnualised basis147.78
PATAnnualised basis41.17
EBITDA Margin (%)12.43
At a glance
Updated 2026-09-20 17:08:34Hero Motors is a Mainboard IPO with an issue size of ₹1,000.00 crore, proposed for listing on NSE EMERGE. The offer opens on 16 Sep 2026 and closes on 18 Sep 2026. The current listing schedule points to 23 Sep 2026.
Issue details
Listing atNSE EMERGE
Issue size₹1,000.00 Cr
Price band₹79.00–₹79.00
Allotment21 Sep 2026
Listing23 Sep 2026
Grey market
GMP page ↗Latest GMP₹1.00
GMP / upper price1.27%
Est. listing₹84.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens16 Sep 2026
Closes18 Sep 2026
Allotment21 Sep 2026
Listing23 Sep 2026
Subscription demand
Full bidding ↗QIB0.07×
sHNI6.76×
bHNI2.72×
NII / HNI2.72×
Retail5.27×
Total6.66×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 178 | ₹14,952 |
| Retail (Max) | 13 | 2314 | ₹194,376 |
| S-HNI (Min) | 14 | 2492 | ₹209,328 |
| S-HNI (Max) | 66 | 11748 | ₹986,832 |
| B-HNI (Min) | 67 | 11926 | ₹1,001,784 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings | ₹190.00 Cr |
| Capital expenditure of Company through purchase of equipment for expansion | ₹200.00 Cr |
| Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Assets703.13₹ Cr · -29.1% vs prior year
Net Worth160.71₹ Cr · -53.9% vs prior year
FY24
Assets1,059.85
Net Worth385.84
Total Debt303.95
RevenueAnnualised basis1,064.38
EBITDAAnnualised basis82.81
PATAnnualised basis17.03
EBITDA Margin (%)7.78
FY23
Assets992.01
Net Worth348.63
Total Debt269.60
RevenueAnnualised basis1,054.60
EBITDAAnnualised basis97.35
PATAnnualised basis40.51
EBITDA Margin (%)9.23
FY22
Assets703.13
Net Worth160.71
Total Debt265.35
RevenueAnnualised basis914.19
EBITDAAnnualised basis167.93
PATAnnualised basis99.02
EBITDA Margin (%)18.37
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Hero Motors IPO | — | 92.31 x | — | — |
| Studds Accessories IPO | — | 28.43 x | — | — |
| Belrise Industries IPO | — | 24.47 x | — | — |
| Carraro India IPO | — | 40.24 x | — | — |
Registrar & lead managers
Lead managers
- Location
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-20 17:08:34.
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