Issue Price
₹84
Per Share
GMP
+₹23
+27.38% Grey Market
Est. Listing
₹107
Expected Price
Min. Application
₹29,904
2 lots × 178 shares
Incorporated in April 1998, Hero Motors Limited is an automotive technology company engaged in designing, developing, manufacturing and supplying engineered powertrain solutions to automotive original equipment manufacturers (OEMs) across the United States, Europe, India and ASEAN region. The Company provides integrated solutions for both electric and non-electric powertrains, serving two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy-duty vehicles and eVTOL applications.The Company offers system-level and component-level solutions covering designing, prototyping, validation, development and delivery of powertrain systems. It is recognized for its expertise in continuously variable transmissions (CVT), EV transmissions, electric motors, integrated drive units and gear sets. The Company also has a first-mover position in the global e-bike powertrain market and is the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrain products for e-bikes.The Company's operations are divided into Powertrain Solutions and Alloys and Metallics (A&M) segments. Powertrain Solutions comprises Gears and Transmissions (G&T), serving automotive and mobility applications, and Bike Powertrain (BPT), focused on micro-mobility applications and global e-bike manufacturers. The A&M segment provides sheet metal and tubular assemblies and components primarily to automotive OEMs.The Company has established relationships with global customers including BMW, Ducati, enviolo, Formula Motorsport, Hummingbird EV and HWA, along with leading global e-bike manufacturers. It focuses on technology and innovation through in-house design and engineering capabilities and partnerships with global technology players.As of March 31, 2026, the Company had 1,388 permanent employees and 707 contract labourers.Competitive StrengthsStrong R&D and engineering capabilities.Long-term relationships with global OEMs.Strong presence in the global e-mobility industry.Diversified powertrain product and service offerings.Experienced management and strong corporate governance.Growing presence in electric bikes and premium two-wheelers.
Hero Motors Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 178 | ₹14,952 |
| Retail (Max) | 13 | 2,314 | ₹194,376 |
| sNII (Min) | 14 | 2,492 | ₹209,328 |
| bNII (Min) | 68 | 12,104 | ₹1,016,736 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 1216.74 | 1111.23 | 1083.42 |
| EBITDA | 147.78 | 114.00 | 86.28 |
| Profit After Tax (PAT) | 41.17 | 32.80 | 17.04 |
| Net Worth | 482.45 | 423.95 | 385.44 |
| Total Assets | 1371.83 | 1164.62 | 1059.86 |
| Reserves & Surplus | 116.32 | 67.71 | 32.26 |
| Total Borrowings | 400.79 | 407.62 | 304.00 |