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  5. Hero Motors shares rise up to 20% on 3rd day post-listing; here's how the stock is performing vs issue price

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Hero Motors shares rise up to 20% on 3rd day post-listing; here's how the stock is performing vs issue price

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on September 25, 2026, 10:18 IST

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SUMMARY

Hero Motors IPO was a combination of a fresh issuance of 7.14 crore shares worth ₹600 crore, and an offer-for-sale (OFS) valued at ₹400 crore by promoters OP Munjal Holdings and Hero Cycles.

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HEROMOTORS
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Hero Motors makes and supplies powertrain systems and components to automotive original equipment manufacturers. | Image: heromotors.com

Hero Motors makes and supplies powertrain systems and components to automotive original equipment manufacturers. | Image: heromotors.com

Shares of auto components maker Hero Motors rose as much as 20% to its upper circuit level on the third trading session after listing on the stock exchanges.
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The stock was trading 18.56% higher at ₹140 per share on the National Stock Exchange (NSE) at 10:11 am. Intraday, it climbed 20% to ₹141.69.

Hero Motors share price: How the stock is performing vs issue price

The scrip is trading 68.67% higher than the IPO issue price of ₹84.

The stock had debuted at ₹82 per share on the NSE on September 23. This reflects a discount of 2.38% from the IPO issue price of ₹84.

The initial share sale was subscribed 6.66 times, as it got bids for 58,97,26,638 shares versus 8,86,07,596 shares on offer, as per the data on the BSE website.

The part reserved for non-institutional investors (NIIs) was subscribed 9.86 times, while the category for retail investors was booked 8.23 times. The quota reserved for qualified institutional buyers got 1.49 times subscription.

The initial public offering was a combination of a fresh issuance of 7.14 crore shares worth ₹600 crore, and an offer-for-sale (OFS) valued at ₹400 crore by promoters OP Munjal Holdings and Hero Cycles.

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The money raised to the tune of ₹190 crore will be used for debt clearance, while ₹200 crore will be utilised to buy equipment needed for capacity expansion at the company's plant in Uttar Pradesh.

A portion will also be used for inorganic growth via unidentified acquisitions and other strategic initiatives, apart from general corporate purposes.

Hero Motors, a automotive technology company, designs, develops, manufactures and supplies engineered powertrain solutions to automotive original equipment manufacturers (OEMs) in the United States, India, Europe, and the Association of Southeast Asian Nations (ASEAN) region.

The company serves to several global firms, including Ducati Motor Holding SPA, BMW AG, Enviolo International Inc, Hummingbird EV and Formula Motorsport Ltd.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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