Hero Motors IPO allotment likely today; Check GMP and other key details — Here’s how to check status online

Investors in the Hero Motors IPO could receive the much-awaited allotment update today. After the issue was subscribed 6.6 times, investors are now awaiting the basis of allotment and looking ahead to the company’s stock-market debut.

The Rs 1,000 crore Hero Motors IPO is a book-built issue comprising a fresh issue of 7.14 crore shares worth Rs 600 crore and an offer for sale (OFS) of 4.76 crore shares worth Rs 400 crore.

The IPO has a price band of Rs 79–Rs 84 per share, with a minimum lot size of 178 shares. At the upper end of the price band, retail investors will need to shell out a minimum of Rs 14,952 to bid for one lot.


The IPO was subscribed 6.6 times overall. Retail investors subscribed 8.23 times, non-institutional investors (NIIs) 9.86 times, and qualified institutional buyers (QIBs) 1.49 times.

The Hero Motors IPO is currently trading with no grey market premium (GMP), indicating expectations of a flat listing. However, GMP is an unofficial market indicator and is subject to fluctuations ahead of the official debut. It does not guarantee the final listing performance or returns.

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

ICICI Securities Ltd, DAM Capital Advisors Ltd and JM Financial are the book-running lead managers for the issue, while Kfin Technologies Ltd is serving as the registrar.

Read more: NSE IPO Tracker: Catch all the highlights here

Ahead of the issue, Hero Motors secured Rs 300 crore from anchor investors, allocating 3,57,14,284 equity shares at Rs 84 apiece.

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)

• Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)
• Select Hero Motors from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

• Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
• Select Equity.
• Choose Hero Motors from the list.
• Enter your application number and PAN to check the status.

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose Hero Motorsfrom the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

Hero Motors IPO Issue Objectives

The company plans to use a portion of the IPO proceeds to repay, prepay or redeem certain outstanding borrowings, either fully or partially. It will also allocate funds towards capital expenditure, including purchasing equipment to expand the capacity of its facility in Gautam Buddha Nagar, Uttar Pradesh.

The remaining proceeds will be used to support the company’s inorganic growth plans, including potential acquisitions and other strategic initiatives. A portion of the funds will also be utilised for general corporate purposes.

Financial Performance

Hero Motors reported a 9% increase in total income, rising from Rs 1,111.23 crore in FY25 to Rs 1,216.74 crore in FY26. The company’s profit after tax (PAT) grew 26%, from Rs 32.80 crore in FY25 to Rs 41.17 crore in FY26, reflecting an improvement in profitability during the year.

About Hero Motors

Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing and manufacturing powertrain solutions for OEMs across the US, Europe, India and ASEAN. Its products cater to electric and non-electric applications across two-wheelers, e-bikes, passenger and commercial vehicles, off-road vehicles and eVTOLs.

The Company specializes in CVTs, EV transmissions, electric motors, integrated drive units and gear sets, and has a strong position in the global e-bike powertrain market. It is the only Indian manufacturer producing and exporting CVT hubs and integrated electric powertrain products for e-bikes. Its operations comprise Powertrain Solutions—including Gears & Transmissions (G&T) and Bike Powertrain (BPT)—and Alloys & Metallics (A&M), which supplies sheet metal and tubular components to automotive OEMs.

Hero Motors has established relationships with customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV and HWA, supported by in-house engineering and global technology partnerships. As of March 31, 2026, the Company had 1,388 permanent employees and 707 contract labourers.

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