Hero Motors’ Rs 1,000 Cr IPO to open on September 16; price band fixed at Rs 79–84 per share

Hero Motors is set to launch its initial public offering (IPO) on September 16, 2026, with the shares slated to trade between Rs 79 and Rs 84 each. The company has proposed a fresh issue of up to Rs 600 crore in equity shares, along with an offer-for-sale worth Rs 400 crore by O P Munjal Holdings and Hero Cycles, both promoters of the company.

Investors can buy a minimum of 178 shares and subsequently in multiples of 178. A portion of the funds raised will be utilized for settling outstanding debts, financing expansion, and supporting strategic acquisitions. ICICI Securities, DAM Capital Advisors, and JM Financial will act as the lead managers, while KFin Technologies will handle the registration process.

The IPO will follow a book-building mechanism, reserving 50% of the net offer for institutional buyers, with at least 15% allocated to non-institutional investors and a minimum of 35% for retail investors. Hero Motors specializes in integrated powertrain solutions for a wide range of mobility applications, from two-wheelers to electric vertical take-off and landing systems, serving customers including BMW and Ducati.