About the Hero Motors IPO
Hero Motors is a Mainboard issue listing on Equity with an issue size of 1000. The price band is ₹79-84 per share and one lot is 178 shares. Bidding runs from 16 Sep 2026 to 18 Sep 2026. The minimum application is one lot, which costs ₹14,952 at the upper band.
What the GMP implies
At the last recorded GMP of ₹-3, the grey market is pricing Hero Motors at about ₹81 on listing, against the upper price band of ₹84, or roughly ₹-,534 per lot.
.GMP changes daily and is often wrong on listing day: it is an unofficial figure from informal dealers, not a price you can trade at.
Hero Motors IPO key dates
| Bidding opens | 16 Sep 2026 |
| Bidding closes | 18 Sep 2026 |
| Allotment | 21 Sep 2026 |
| Refunds start | 22 Sep 2026 (expected) |
| Shares credited to demat | 22 Sep 2026 (expected) |
| Listing | 23 Sep 2026 |
Dates marked "expected" follow SEBI's T+3 timeline from the closing date and change if the company announces otherwise.
How much to apply with
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 178 | ₹14,952 |
| Retail (max) | 13 | 2,314 | ₹1,94,376 |
| Small HNI (min) | 14 | 2,492 | ₹2,09,328 |
| Small HNI (max) | 66 | 11,748 | ₹9,86,832 |
| Big HNI (min) | 67 | 11,926 | ₹10,01,784 |
Retail bids are capped at ₹2 lakh; small HNI is ₹2–10 lakh; big HNI is above ₹10 lakh. Amounts at the upper price band.
How to apply
1. Open the IPO section in your broker app, or ASBA in your bank's net banking.
2. Pick Hero Motors, enter the number of lots and bid at the cut-off price.
3. Approve the UPI mandate on your phone before the closing day's cut-off.
4. Check allotment after 21 Sep 2026 using the button above.