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Hero Motors targets ₹1,000 crore IPO; grey-market premium signals 26% listing upside
Hero Motors’ ₹1,000 crore IPO opens September 16, with a ₹79-₹84 price band and grey-market premium implying a 26.19% listing gain. Analysts cite EV powertrain potential but flag high valuation, weaker margins and customer concentration.
Hero Motors upper price band, per share₹84 per share
Hero Motors implied listing price, per share₹106
Reported figures
From the report. Source details below
| Hero Motors fresh issue: | ₹600 crore |
|---|---|
| Hero Motors OFS: | ₹400 crore |
| Hero Motors GMP: | ₹22 |
| Hero Motors implied listing price: | ₹106 |
| Hero Motors IPO subscription: | September 16-18, 2026 |
| Hero Motors tentative listing: | September 23, 2026 |
| NSE IPO size: | ₹22,561.57 crore |
| NSE price band: | ₹1,700-₹1,785 per share |
| NSE GMP: | ₹180 |
| NSE implied listing price: | ₹1,965 |
| NSE implied GMP premium: | about 10% |
| NSE IPO subscription: | September 17-21, 2026 |
| NSE tentative listing: | September 24, 2026 |
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