Hero Motors
Mainboard · book built · HEROMOTORS · INE012G01022
GMP 5 days ago · bids 4 days ago
- Minimum
- ₹14,952
- Band
- ₹79–₹84
- Issue size
- ₹1,000 Cr
- GMP
- ₹8 (+9.52%)
- Subscribed
- 8.23×
GMP rumours
₹8(+9.52%)
Ranged ₹3–₹13 since 16 Sept
Implied ₹1,424 per lot, if the rumour holds — 178 shares × ₹8.
16 Sept · ₹1317 Sept · ₹8
Unofficial grey-market chatter. Not a price, not a prediction, and not from any exchange.
Subscription by category
| Category | Bid | Subscribed | Chance |
|---|---|---|---|
| Retail (up to ₹2 lakh) | 36.48 Cr | 8.23× | 1 in 8 |
| sHNI (₹2–10 lakh) | 8.45 Cr | 13.36× | 1 in 13 |
| bHNI (₹10 lakh +) | 10.26 Cr | 8.11× | 1 in 8 |
| Institutional (QIB) | 3.78 Cr | 1.49× | 1 in 2 |
| All categories | 58.97 Cr | 6.66× | — |
Value applied, by category
Where the money is, rather than how contested each line is. The two often disagree — a line can be the most subscribed and still be a small corner of the book.
| Category | Amount | Share of book | Can be allotted |
|---|---|---|---|
| Retail (up to ₹2 lakh) | ₹3,064.6 Cr | 61.9% | 2,48,897 |
| sHNI (₹2–10 lakh) | ₹710.11 Cr | 14.3% | 2,539 |
| bHNI (₹10 lakh +) | ₹861.86 Cr | 17.4% | 1,061 |
| Institutional (QIB) | ₹317.14 Cr | 6.4% | — |
| All categories | ₹4,953.7 Cr | — | — |
Captured — refreshing
Reported figures
| ₹ crore | FY 24 | FY 25 | FY 26 |
|---|---|---|---|
| Revenue | 1064.30 | 1089.50 | 1188.30 |
| EBITDA | 82.60 | 114.00 | 147.70 |
| Profit after tax | 17.03 | 32.79 | 41.16 |
| Total assets | 1059.80 | 1164.60 | 1371.80 |
What the money is for
- Capital expenditure
- 33.3%
- Repayment of loan
- 31.6%
- General corporate purposes
- 35.0%
Priced against its peers
- This issue, P/E
- 73.04
- Sector P/E
- 26.30
- Bajaj Auto Ltd
- 32.23
- Eicher Motors Ltd
- 38.31
- TVS Motor Company Ltd
- 60.98
A lower P/E than the sector is not a recommendation — it reflects growth, risk and size as much as price. The comparison is shown so the number has a reference, not to suggest a decision.
Figures as reported by the company. Check them against the prospectus in Documents — that filing is the authority, and this panel is a convenience until we read it directly.
What one bid costs
Priced at the top of the band, which is what gets blocked on a cut-off bid.
| Category | Minimum | Maximum | Ceiling |
|---|---|---|---|
| Retail | 1 lot · ₹14,952 | 13 lots · ₹1,94,376 | ₹2,00,000 |
| sHNI | 14 lots · ₹2,09,328 | 66 lots · ₹9,86,832 | ₹10,00,000 |
| bHNI | 67 lots · ₹10,01,784 | — | no upper limit |
Computed from the band by the same calculator that validates a bid before it is sent, so this table and the review sheet cannot disagree. A cut-off bid blocks at the upper band price, never the lower one.
The issue
- Issue size
- ₹1,000 Cr
- Face value
- ₹10
- Lot size
- 178 shares
- Daily window
- 10:00 – 17:00 IST
Timeline
- Opens
- 16 Sept
- Closes
- 18 Sept
- Basis of allotment
- 21 Sept
- Refunds
- 22 Sept
- Listing
- 23 Sept
Documents