Hero Motors

Its brakes business carried a 28% EBITDA margin, CNBC-TV18 reported in September 2026. [3] source: CNBC-TV18

Hero Motors' ₹1,000 crore IPO had a price band of ₹79-₹84 per share and was made up of a fresh issue of up to ₹600 crore and an offer for sale of up to ₹400 crore. [1] source: Business Standard The issue was subscribed 6.66 times. [4] source: NDTV Profit The shares listed on 23 September 2026 at ₹82 on NSE, a 2.38% discount to the ₹84 issue price. [4] source: NDTV Profit They then hit the 20% upper circuit and closed at ₹98.40 on NSE, up 17.14%. [5] source: The Hindu BusinessLine[6] source: Mint On 28 September 2026 the stock touched ₹156.03 before falling to the ₹127.67 lower circuit, and Mint reported it had risen nearly 55% since listing. [2] source: Mint IPO proceeds are earmarked for debt reduction and expansion of the Uttar Pradesh manufacturing facility. [6] source: Mint[7] source: The Hindu BusinessLine

Hero Motors plans to move from components to integrated engineering solutions and to pursue electric drive units, e-bikes and aerospace opportunities. [3] source: CNBC-TV18 Analysts cited by Mint flagged premium valuation, below-peer margins and customer concentration. [6] source: Mint