NSE Mainboard · Series EQ · Forthcoming Issue
Hero Motors Limited — Initial Public Offering
Symbol: HEROMOTORS (Series: EQ) · Source: NSE India — All Upcoming Issues (IPO)
Issue Period
16 – 18 Sep 2026
Price Band
₹79 – ₹84 /share
Bid Lot
178 shares
UPI Mandate Cut-off
18 Sep, 5:00 PM
Issue Details
| Company | Hero Motors Limited |
|---|---|
| Symbol | HEROMOTORS Mainboard · Forthcoming |
| Issue Period | 16-Sep-2026 to 18-Sep-2026 |
| Cut-off Time for UPI Mandate Confirmation | 18-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on the last day of IPO bidding. Bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications. Investors are advised to submit their UPI applications well in advance to avoid any last-minute technical/systemic constraints. |
| Issue Size | Initial Public Offer comprising Fresh Issue aggregating up to ₹6,000 million and Offer for Sale aggregating up to ₹4,000 million |
| Issue Type | Book Building |
| Price Range | ₹79 to ₹84 per equity share |
| Discount | NA |
| Face Value | ₹10 per equity share |
| Tick Size | ₹1 |
| Bid Lot | 178 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 178 Equity Shares |
| Maximum Subscription Amount for Retail Investor | ₹2,00,000 |
| IPO Market Timings | 10:00 a.m. to 5:00 p.m. |
| Categories | FI, IC, MF, FII, OTH, CO, IND and NOH |
| Sub-Categories Applicable for UPI | IND (upto ₹5 Lakhs) |
Intermediaries
| Book Running Lead Managers | ICICI Securities Limited · DAM Capital Advisors Limited · JM Financial Limited |
|---|---|
| Sponsor Bank | Axis Bank Limited and ICICI Bank Limited |
| Name of the Registrar | KFin Technologies Limited |
| Address of the Registrar | 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai 400070, Maharashtra, India |
| Contact Person | M. Murali Krishna · +91 40 6716 2222 · heromotors.ipo@kfintech.com |
Forms, Documents & Resources
| e-Form (Online IPO Application) | Apply online via the NSE ASBA e-Forms portal |
|---|---|
| Branches of Self Certified Syndicate Banks (SCSBs) | Branches where syndicate / sub-syndicate members can submit the ASBA form — refer to the SCSB List |
| Ratios / Basis of Issue Price | Download Ratios / Basis of Issue Price |
| Red Herring Prospectus | Download the Red Herring Prospectus (RHP) |
| Bidding Centers | Download Bidding Centers |
| Sample Application Forms | Download Sample Application Forms |
| Security Parameters (Pre Anchor) | Download Security Parameters (Pre Anchor) |
| Processing of ASBA Applications | NSE Circular on ASBA Application Processing |
| Mobile Applications Accepting UPI | View the list of mobile apps accepting UPI as a payment option |
| Video — UPI-Based ASBA Process | Watch the UPI-based ASBA process video on NSE India's YouTube channel |
| Video — BHIM UPI Registration | Watch the BHIM UPI registration video on NSE India's YouTube channel |
ASBA Mandatory: All investors shall mandatorily use only the Application Supported by Blocked Amount (ASBA) facility for making payments in this issue.
Remark — Bid Modification: The dedicated window provided for bid modification (modification of selected fields viz. DP ID/Client ID or PAN ID, Bank code and Location code) on T+1 day (T being the last day of bidding) shall not be available now. The bid modification of selected fields shall be allowed during the bidding period of the IPO only.
SEBI Circular Compliance*: As per SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated 28 June 2019, all are requested to comply with the provisions of the aforementioned circular, which states: Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism for a period of six months and thereafter forward the same to the issuer / Registrar to the Issue. However, in case of electronic forms, printouts of such applications need not be retained or sent to the issuer. Intermediaries shall, at all times, maintain the electronic records relating to such forms for a minimum period of three years.
