Bookbuilding IPO | ₹1,200 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Hero Motors Ltd. on September 12, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Hero Motors Ltd. IPO is a Book Build Issue of ₹1,200.00 crores consisting of a fresh issue of shares worth Rs ₹800.00 crores and an offer for sale (OFS) of ₹400.00 crores.
The equity shares are proposed to be listed on NSE and BSE. ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Hero Motors IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹1,200 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹800 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹400 Cr) |
| Share Holding Pre Issue | 35,83,36,019 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jun 30, 2025 |
| SEBI/Exchange approval received | Fri, Sep 12, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Hero Motors Limited is one of India's automotive technology companies, specializing in the design, development, manufacturing, and supply of highly engineered powertrain solutions for automotive original equipment manufacturers (OEMs) across the United States, Europe, India, and the ASEAN region.
The company’s diverse product portfolio serves a wide range of mobility applications, including two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and electric vertical take-off and landing (eVTOL) aircraft. Hero Motor Limited supplies powertrain solutions to globally recognized brands such as BMW AG, Ducati Motor Holding S.P.A., Enviolo International Inc., Formula Motorsport Ltd., Hummingbird EV, HWA AG, and leading global electric bicycle (e-bike) manufacturers. The company’s expertise extends beyond automotive applications into aerospace and other mobility sectors.
Hero Motor Limited operates through two key business segments:
As of March 31, 2024, Hero Motor Limited operated six manufacturing facilities strategically located across India, the United Kingdom, and Thailand to enhance customer proximity and cost efficiency. The company’s Samut Prakan, Thailand facility, which began operations in Fiscal 2024, caters specifically to the ASEAN market. Its Maidenhead, United Kingdom facility, equipped with design and prototyping capabilities, has enabled Hero Motor Limited to evolve into a complete systems manufacturer for the global automotive sector.
In India, the company’s manufacturing units are located in Gautam Buddha Nagar, Uttar Pradesh, and Ludhiana, Punjab. Additionally, two technology centres operate in Southam, United Kingdom, and Gautam Buddha Nagar, Uttar Pradesh, reinforcing Hero Motor Limited’s commitment to innovation and technological excellence in the global automotive industry.
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1,177.79 | 1,059.86 | 992.02 | 703.13 |
| Total Income | 823.80 | 1,083.42 | 1,070.00 | 921.15 |
| Profit After Tax | 22.39 | 17.04 | 40.51 | 99.02 |
| EBITDA | 75.38 | 82.81 | 97.35 | 167.93 |
| NET Worth | 412.01 | 385.44 | 344.47 | 159.11 |
| Reserves and Surplus | 745.72 | 710.88 | 709.37 | 124.51 |
| Total Borrowing | 374.00 | 304.00 | 269.61 | 265.39 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by our Company | 285.00 |
| 2 | Capital expenditure of our Company through purchase of equipment for expansion in capacity of our Gautam Buddha Nagar, Uttar Pradesh facility | 237.00 |
| 3 | Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes( |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 4.54% |
| ROCE | 22.59% |
| RoNW | 4.42% |
| PAT Margin | 1.60% |
| EBITDA Margin | 7.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.48 | 0.45 |
| Promoter Holding | 91.41% |
Lead Manager Reports
Hero Motors IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹1,200 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Hero Motors IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Hero Motors IPO using UPI as a payment gateway. Zerodha customers can apply in Hero Motors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hero Motors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hero Motors IPO dates are not announced. Please check back again after some time.
Hero Motors IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Hero Motors IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Hero Motors IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Hero Motors IPO allotment status.
The Hero Motors IPO listing date is not yet announced. The tentative date of listing is .
