Hero Motors IPO Oversubscribed 3.36 Times

Hero Motors' initial public offering has concluded its subscription period with overwhelming investor demand, receiving bids for 29.80 crore shares against the 8.86 crore shares available, marking a 3.36 times oversubscription. The IPO, which opened on September 16, 2026, and closed on September 18, 2026, had a price band set between Rs 79 and Rs 84 per share.

The company intends to leverage the proceeds from the fresh issue, worth up to Rs 600 crore, to significantly reduce its debt burden by repaying Rs 190 crore in outstanding borrowings. An additional Rs 200 crore is earmarked for capital expenditure, primarily for equipment to expand capacity at its Gautam Buddha Nagar facility in Uttar Pradesh. The remaining funds will support inorganic growth and general corporate purposes.

Hero Motors is an established India-based automotive technology firm specializing in designing, developing, manufacturing, and supplying engineered powertrain solutions. Serving automotive OEMs across India, Europe, the US, and ASEAN markets, the company's offerings span electric and non-electric applications for a wide range of vehicles. Hero Motors also announced plans to establish two new manufacturing facilities in Ludhiana, Punjab, and Bengaluru, Karnataka, as part of its expansion strategy.