Hero Motors Limited

Total Issue Size

₹1,000 Cr

11,90,47,618 shares

Fresh Issue

₹600 Cr

7,14,28,571 shares

Offer for Sale

₹400 Cr

4,76,19,047 shares

Face Value

₹10 per share

Issue Type

Book-built IPO

Listing At

BSE, NSE

Shares Pre-Issue

38,27,87,005

Shares Post-Issue

45,42,15,576

1. Offer opens

   16 Sept 2026

2. Offer closes

   18 Sept 2026

3. Allotment· Today

   21 Sept 2026

4. Listing

   23 Sept 2026

• Anchor30.0%3,57,14,284 shares
• QIB20.0%2,38,09,525 shares
• HNI15.0%1,78,57,143 shares
• Retail35.0%4,16,66,666 shares

Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs) across the United States, Europe, India and ASEAN region. The Company provides integrated solutions for both electric and non-electric powertrains, serving two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles and eVTOL applications. The Company offers system-level and component-level solutions covering designing, prototyping, validation, development and delivery of powertrain systems. It is recognized for its expertise in continuously variable transmissions (CVT), EV transmissions, electric motors, integrated drive units and gear sets. The Company also has a first-mover position in the global e-bike powertrain market and is the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrain products for e-bikes. The Company's operations are divided into Powertrain Solutions and Alloys and Metallics (A&M) segments. Powertrain Solutions comprises Gears and Transmissions (G&T), serving automotive and mobility applications, and Bike Powertrain (BPT), focused on micro-mobility applications and global e-bike manufacturers. The A&M segment provides sheet metal and tubular assemblies and components primarily to automotive OEMs. The Company has established relationships with global customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV and HWA, along with leading global e-bike manufacturers. It focuses on technology and innovation through in-house design and engineering capabilities and partnerships with global technology players. As of March 31, 2026, the Company had 1,388 permanent employees and 707 contract labourers. Competitive Strengths Strong R&D and engineering capabilities. Long-term relationships with global OEMs. Strong presence in the global e-mobility industry. Diversified powertrain product and service offerings. Experienced management and strong corporate governance. Growing presence in electric bikes and premium two-wheelers.

• Repayment/prepayment/redemption, in full or in part, of certain outstanding borrowings availed by Company (₹190.00 Cr)
• Capital expenditure of Company through purchase of equipment for expansion in capacity of Gautam Buddha Nagar, Uttar Pradesh facility (₹200.00 Cr)
• Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes( (₹171.99 Cr)
• Issue Expenses (₹60.25 Cr)

• <p>Pankaj Munjal
• Charu Munjal
• Abhishek Munjal
• O P Munjal Holdings</p>

Book running lead managers

• ICICI Securities Ltd.
• Dam Capital Advisors Ltd.
• JM Financial Ltd.

Registered office

Hero Nagar, GT Road, Ludhiana, Ludhiana, Punjab, 141003

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