Hero Motors’ Rs 1,000 Cr IPO to open on September 16; price band fixed at Rs 79–84 per share

Hero Motors’ initial public offering will open for subscription on Wednesday (September 16, 2026) and close on Friday (September 18).

The company has set a price band of Rs 79 to Rs 84 per equity share, with a face value of Rs 10 each.

The IPO comprises a fresh issue of equity shares worth up to Rs 600 crore, and an offer-for-sale (OFS) of shares worth up to Rs 400 crore by promoters O P Munjal Holdings and Hero Cycles.

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

Of the proceeds from the fresh issue, Rs 190 crore will be used for repayment, prepayment or redemption, in full or part, of certain outstanding borrowings; Rs 200 crore will be allocated for capital expenditure, including the purchase of equipment for capacity expansion at the company’s facility in Gautam Buddha Nagar, Uttar Pradesh.