Hero Motors IPO: Check Latest GMP as Subscription Hits 20% on Day 1

Hero Motors IPO opened for subscription on Wednesday, September 16, 2026. The ₹1,000 crore mainboard IPO will remain open until September 18, with shares scheduled to list on September 23.

The IPO has a price band of ₹79 to ₹84 per share and a lot size of 178 shares. Hero Motors has also raised ₹300 crore from anchor investors ahead of the issue.

Hero Motors IPO GMP Today

Hero Motors IPO GMP stood at ₹12 as of 10:54 AM on September 16, 2026, according to the latest supplied grey market data.

At the upper price band of ₹84, the current GMP indicates an estimated listing price of around ₹96. This represents an indicative premium of 14.29% over the issue price.

The GMP has declined from ₹24 on September 13 to ₹12 currently, showing a sharp change in grey market indications during the IPO period.

Hero Motors IPO GMP Trend

GMP Date	IPO Price	GMP	Subscription	Est. Listing Price	Est. Profit*	Last Updated
16-Sep-2026 Open	₹84.00	₹12 ▼	0.57x	₹96 (14.29%)	₹2,136	16-Sep-2026 10:54
15-Sep-2026	₹84.00	₹19 ▼	-	₹103 (22.62%)	₹3,382	15-Sep-2026 23:36
14-Sep-2026	₹84.00	₹23 ▼	-	₹107 (27.38%)	₹4,094	14-Sep-2026 23:30
13-Sep-2026	₹84.00	₹24 ─	-	₹108 (28.57%)	₹4,272	13-Sep-2026 23:33
12-Sep-2026	₹84.00	₹24 ▲	-	₹108 (28.57%)	₹4,272	12-Sep-2026 23:31
11-Sep-2026	₹84.00	₹10 ▲	-	₹94 (11.90%)	₹1,780	11-Sep-2026 23:31
10-Sep-2026	₹84.00	₹8 ─	-	₹92 (9.52%)	₹1,424	10-Sep-2026 23:33

*Estimated profit/loss per lot is based on GMP multiplied by the lot size.

Important: GMP is sourced from unofficial grey market activity and is indicative only. It can change before listing and does not guarantee the actual listing price.

About Hero Motors

Hero Motors is an automotive powertrain solutions company that supplies components and engineered solutions to vehicle manufacturers across India, Europe, the US and ASEAN markets.

The company operates manufacturing facilities across India, the UK and Thailand and works across powertrain technologies for both electric and non-electric applications.

Its product portfolio includes CVTs, EV transmissions, electric motors, integrated drive units and gear sets, with applications across two-wheelers, e-bikes, electric vehicles, off-road vehicles and other automotive segments.

Hero Motors IPO GMP and Key Metrics

Metric	Latest Value
IPO Price Band	₹79 to ₹84
GMP	₹12
Estimated Listing Price	₹96
Estimated Premium	14.29%
Issue Size	₹1,000 crore
Subscription	Around 0.57x
IPO Opening Date	September 16, 2026
IPO Closing Date	September 18, 2026
Listing Date	September 23, 2026

Hero Motors IPO Key Points

• IPO size: ₹1,000 crore
• Fresh issue: ₹600 crore
• OFS: ₹400 crore
• Price band: ₹79 to ₹84
• Minimum investment: ₹14,952
• Latest GMP: ₹12
• Indicative listing price: ₹96
• Listing: BSE and NSE
• IPO closes: September 18, 2026

Hero Motors IPO Important Dates

Event	Date
IPO Opens	September 16, 2026
IPO Closes	September 18, 2026
Allotment	September 21, 2026
Refund	September 22, 2026
Share Credit	September 22, 2026
Listing	September 23, 2026

Hero Motors IPO Lot Size

Investors can bid for a minimum of 178 shares and in multiples of 178 thereafter.

At the upper price band of ₹84, one lot requires a minimum investment of ₹14,952.

How Will Hero Motors Use IPO Money?

Hero Motors plans to use ₹190 crore from the fresh issue for debt repayment.

Another ₹200 crore is planned for equipment purchases and capacity expansion at its manufacturing facility in Gautam Buddha Nagar, Uttar Pradesh.

The remaining funds are proposed to be used for potential acquisitions and general corporate purposes.

Hero Motors IPO Subscription

The IPO received investor demand after opening on September 16. The latest supplied subscription figure is around 0.57x.

The IPO will remain open until September 18, giving investors additional time to submit applications.

Hero Motors Financial Performance

Hero Motors reported a profit of ₹43.6 crore in FY26, compared with ₹25.2 crore in FY25.

Revenue from operations increased to ₹1,188.4 crore in FY26 from ₹1,089.6 crore in FY25, representing growth of 9.06%.

Disclaimer: GMP is unofficial and indicative. It is based on grey market activity and can change at any time. The actual listing price may differ significantly from the estimated price. This article is for informational purposes only and does not constitute investment advice.

What is the Hero Motors IPO price band?

The Hero Motors IPO price band is ₹79 to ₹84 per share.

What is the Hero Motors IPO GMP today?

The GMP has been reported around ₹19 on September 16, while intraday grey market quotes can vary by source and time.

What is the expected Hero Motors IPO listing price?

At a GMP of ₹19 and the upper price band of ₹84, the indicative listing price is around ₹103. GMP is unofficial and does not guarantee the actual listing price.

When does the Hero Motors IPO open?

The Hero Motors IPO opened for subscription on September 16, 2026.

When does the Hero Motors IPO close?

The IPO will close on September 18, 2026.

What is the Hero Motors IPO listing date?

Hero Motors shares are scheduled to list on September 23, 2026 on NSE and BSE.

What is the Hero Motors IPO allotment date?

The basis of allotment is expected on September 21, 2026.

What is the Hero Motors IPO lot size?

The IPO lot size is 178 shares. At the upper price of ₹84, one lot requires ₹14,952.

What is the minimum investment for Hero Motors IPO?

Retail investors need ₹14,952 to apply for one lot at the upper price band of ₹84.

How much is the Hero Motors IPO issue size?

Hero Motors is raising ₹1,000 crore through the IPO, comprising a ₹600 crore fresh issue and a ₹400 crore offer for sale.

What is the Hero Motors IPO subscription status today?

The IPO has received early investor demand on its opening day, with subscription figures changing throughout the trading session.

Is Hero Motors IPO GMP falling?

Yes. The reported GMP cooled from ₹24 on September 12 and 13 to ₹23 on September 14 and ₹19 on September 15 and 16.

Why is Hero Motors IPO GMP important?

GMP shows unofficial grey market demand for an IPO and is often used by investors to estimate a possible listing premium. It is not an official exchange price and does not guarantee listing gains.

What does Hero Motors do?

Hero Motors develops and manufactures powertrain solutions for global vehicle manufacturers across areas including electric, hybrid and internal combustion engine vehicles.

What are the main risks in Hero Motors IPO?

Major risks include customer concentration, overseas market exposure and fluctuations in the cost and availability of steel, according to the IPO analysis.

How is Hero Motors performing financially?

Revenue increased from ₹1,064.39 crore in FY24 to ₹1,188.35 crore in FY26, while profit after tax increased from ₹17.04 crore to ₹41.17 crore during the same period.

Where will Hero Motors IPO shares be listed?

Hero Motors shares are scheduled to be listed on both the NSE and BSE.

How can I apply for the Hero Motors IPO?

Eligible investors can apply through their broker using UPI or through the ASBA process offered by banks.

Is Hero Motors IPO good for listing gains?

The grey market premium indicates potential listing interest, but GMP is unofficial and the actual listing price can be higher or lower. Investors should consider the company's financials, valuation and risks before applying.

Should I apply for Hero Motors IPO?

The decision depends on an investor's objectives, risk tolerance and view of the company's valuation and business prospects. The IPO has improving financial performance and global automotive exposure, but also carries customer concentration and raw material risks.