MUMBAI, 15 September 2026 — Hero Motors appears on the official exchange issue calendar with a ₹79–₹84 per equity share price band and the bid window 16 September 2026 to 18 September 2026. CapKet checked the calendar on 15 September 2026 at 17:30 IST and records the terms below as a time-stamped offer snapshot.
Hero Motors IPO facts
| Issue status | Forthcoming on the exchange calendar at the check time |
|---|---|
| Platform | NSE and BSE — Mainboard |
| Bid dates | 16 September 2026 to 18 September 2026 |
| Price band | ₹79–₹84 per equity share |
| Face value | ₹10 per equity share |
| Bid lot | 178 shares |
| Minimum application | 178 shares; ₹14,952 at the top of the price band |
| Issue size | Fresh issue up to ₹600 crore plus an offer for sale up to ₹400 crore |
| Issue structure | Fresh issue and offer for sale |
| Lead manager | ICICI Securities Limited, DAM Capital Advisors Limited and JM Financial Limited |
| Registrar | KFin Technologies Limited |
Hero Motors business context
Hero Motors makes powertrain and component systems, including gears and solutions for motorcycles, high-end bicycles, e-bikes and electric-drive applications. Its group also has an advanced gearbox assembly facility in Thailand. Customer programmes, export exposure, technology transitions and execution across ICE and electric platforms shape the business risk.
Hero Motors proposes ₹600 crore of fresh issuance and ₹400 crore of OFS under the displayed terms. Investors should connect the fresh proceeds to the RHP objects while separately evaluating the selling-shareholder exit. Programme concentration, overseas demand, foreign-currency exposure and capital needed for new electric-drive products are more issuer-specific questions than the first-day subscription count.
Fresh capital and the shareholder sale
The displayed terms divide Hero Motors’ transaction into ₹600 crore of new capital and ₹400 crore sold by existing shareholders. Those amounts have different consequences: fresh issuance can finance the prospectus objects after costs, whereas OFS consideration is paid to the sellers. The final offer document should be used to calculate dilution and the post-offer ownership structure.
Powertrain transition
This issuer spans gears, motorcycle systems, bicycle and e-bike components and electric-drive products. That breadth creates different demand cycles rather than one uniform automotive market. Readers should examine the revenue and margin contribution of major programmes, customer concentration, product-development spending, warranty exposure and how quickly newer electric work can offset changes in established internal-combustion programmes.
Cross-border execution
The disclosed Thailand gearbox operation introduces additional operational and currency variables. Compare overseas capacity and utilisation with confirmed customer programmes, and distinguish translation effects from underlying sales growth. Supply-chain commitments, tooling recovery and qualification timelines can also cause reported earnings to lag a new contract announcement, so the prospectus risk factors deserve more weight than promotional order headlines.
Band and bidding controls
At ₹79–₹84 per equity share, the minimum 178 shares require between ₹14,062 and ₹14,952. Verify the final book-built price, 16 September 2026 to 18 September 2026 window and intermediary cut-off through official notices. The recorded registrar is KFin Technologies Limited; an application acknowledgement does not guarantee allotment.
Reporting basis: CapKet independently transcribed the exchange terms and calculated the bid amounts. This issuer may change its offer through a formal notice, shares can list below the issue price, and allotment is not assured. This report excludes grey-market premiums and is news and education—not investment, legal or tax advice.