The Hero Motors IPO is expected to open in 2025, with the issue closing within the same year. This will be a Book Built Issue, through which the company aims to raise approximately ₹1,200 crores.
The issue will include a fresh issue of ₹800 crores and an offer for sale (OFS) of up to [•] equity shares, each having a face value of ₹10 per share.
The funds raised from the IPO are likely to be utilized for business expansion, debt repayment, and general corporate purposes, supporting the company’s long-term growth plans.
The price band for the Hero Motors IPO is expected to be set between ₹[•] to ₹[•] per share. According to the IPO allocation structure, retail investors will have a 35% quota, Qualified Institutional Buyers (QIBs) will be allotted 50%, and High Net Worth Individuals (HNIs) will get 15% of the issue.
The Hero Motors IPO is proposed to be listed on both the BSE and NSE in 2025, with the IPO allotment date also scheduled for the same year.
In FY 2024, Hero Motors Limited recorded a revenue of ₹1,083.42 crores, showing a slight increase from ₹1,070 crores in FY 2023. However, the company’s net profit declined to ₹17.04 crores in 2024, compared to ₹40.51 crores reported in the previous year.
Despite the dip in profit, the company continues to maintain steady revenue growth and a strong market presence in the automotive sector. Analysts believe that Hero Motors IPO may be more suitable for long-term investors, as the company’s diversified business model and expansion strategies could drive sustainable growth over time.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹1,200 Crores |
| Fresh Issue: | Approx ₹800 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | download |
| RHP Draft Prospectus: | download |
| Anchor Investors List: | download |
Hero Motors IPO Market Lot & Investment Details
The minimum lot size for the Hero Motors IPO is [•] shares, requiring a minimum investment of ₹[•]. Retail investors can submit applications for up to 13 lots, which equals [•] shares for a total value of around ₹[•].
This flexible lot structure allows small investors to participate comfortably while giving larger investors the option to apply for multiple lots. The investment range makes the Hero Motors IPO accessible to both new and experienced investors looking for potential long-term growth.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | – |
| Retail Maximum | 13 | – | – |
| S-HNI Minimum | 14 | – | – |
| B-HNI Minimum | 68 | – | – |
Hero Motors IPO Dates
The Hero Motors IPO is expected to open in 2025 and close within the same year. The basis of allotment for the IPO will likely be finalized in 2025, followed by the listing of shares on the BSE and NSE during the same period.
Investors should keep an eye on the company’s official announcements for confirmed Hero Motors IPO opening date, closing date, allotment date, and listing schedule. Staying updated on these key dates will help investors plan their applications more effectively.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
Hero Motors IPO – Company Financial Report & Performance Overview
In FY 2024, Hero Motors Limited recorded a total revenue of ₹1,083.42 crores, slightly higher than the ₹1,070 crores reported in FY 2023. While the company maintained steady revenue growth, its net profit declined from ₹40.51 crores in 2023 to ₹17.04 crores in 2024.
The dip in profit indicates that the company may have faced higher operating expenses or input costs, but its consistent revenue performance highlights stable business operations. Overall, Hero Motors continues to hold a strong financial foundation, positioning itself for long-term growth and expansion.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹921.15 | ₹849.25 | ₹99.02 | ₹703.13 |
| 2023 | ₹1,070.00 | ₹1016.24 | ₹40.51 | ₹992.02 |
| 2024 | ₹1,083.42 | ₹1059.11 | ₹17.04 | ₹1,059.86 |
| December 2024 | ₹823.80 | ₹799.28 | ₹22.39 | ₹1,177.79 |
Hero Motors IPO FY2024 Valuation Report & Key Financial Ratios
Before investing, it’s essential to review the Hero Motors IPO valuation metrics to understand the company’s financial standing and growth potential. Key parameters include the Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
These valuation indicators help investors evaluate how efficiently the company generates profits, how it is priced in comparison to industry peers, and the overall financial strength and performance consistency of Hero Motors Limited. Analyzing these metrics provides a clear picture for those considering the Hero Motors IPO as a potential long-term investment.
| KPI | Values |
| ROE: | 4.54% |
| ROCE: | 22.59% |
| EBITDA Margin: | 7.78% |
| PAT Margin: | 1.60% |
| Debt to equity ratio: | 1.76 |
| Earning Per Share (EPS): | ₹0.36 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 4.42% |
| Net Asset Value (NAV): | ₹10.29 |
Hero Motors IPO – Promoters and Management Team Details
The promoters of Hero Motors Limited are Mr. Pankaj Munjal, Mrs. Charu Munjal, Mr. Abhishek Munjal, and O.P. Munjal Holdings. These promoters belong to the renowned Munjal family, which has been a key driving force behind the success of the Hero Group.
Their strong leadership, industry experience, and long-term vision have played a crucial role in building Hero Motors into a trusted name in the automotive and engineering sector. The promoters continue to focus on innovation, sustainability, and global expansion, ensuring steady growth for the company and value creation for investors.
Hero Motors IPO – Company Overview & Issue Details
Hero Motors Limited is one of India’s leading manufacturers of advanced powertrain solutions, catering to top Original Equipment Manufacturers (OEMs) across the US, Europe, India, and ASEAN markets. The company specializes in the design, development, and supply of high-performance automotive systems built for the next generation of mobility.
Hero Motors’ diverse product portfolio covers a wide range of vehicles — including two-wheelers, e-bikes, high-performance cars, off-road vehicles, heavy-duty vehicles, and even electric and hybrid cars. The company is also stepping into the future of transportation with components designed for eVTOL (electric vertical take-off and landing) aircraft, often referred to as “flying vehicles.”
The company operates through two major business divisions:
- Powertrain Solutions – These systems convert energy into motion, enabling the smooth and efficient movement of vehicles across various segments.
- Alloys and Metallics – Specialized materials designed for use in electric, hybrid, and fuel-based vehicles, ensuring compatibility with all types of modern powertrains.
With its commitment to innovation, sustainability, and precision engineering, Hero Motors Limited continues to strengthen its global footprint and establish itself as a trusted partner for mobility solutions worldwide.
Hero Motors IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: hml.ipo@kfintch.com
Website: https://kosmic.kfintech.com/ipostatus/
Hero Motors Company Address
Hero Motors Ltd.
Hero Nagar,
GT Road,
Ludhiana
Ludhiana, Punjab, 141003
Phone: + 91 120441200
Email: investorrelations@heromotors.com
Website: http://www.heromotors.com/