Hero Motors shares rise nearly 7% after weak market debut

Hero Motors, which counts ⁠BMW and Ducati among its clients, raised ₹1,000 crore through the IPO. | Photo Credit: Dado Ruvic

Shares of Hero Motors rose 6.5 per cent on Wednesday after a subdued ​market debut, following the Indian auto parts maker’s $104.2 ‌million initial public offering.

The stock opened at ₹82 on the National Stock Exchange, ⁠a 2.4 per cent discount to its IPO price of ₹84, before recouping losses to trade 6.5 per cent higher ‌at ₹89.11 by 10:15 a.m. IST. At that price, the company was ‌valued at roughly ₹4,006 crore ($418.95 million).

Here ‌are ⁠the details:

* Hero Motors, which counts ⁠BMW and Ducati among its clients, raised ₹1,000 crore through the IPO, comprising a fresh issue of shares worth ₹600 crore ‌and a ₹400 crore offer for sale by existing shareholders.

* The IPO was subscribed 6.66 times overall, with qualified institutional buyers bidding for ‌1.49 times the shares reserved for them, while ​the non-institutional and retail portions were subscribed 9.86 times and 8.23 times, ⁠respectively.

* The company had sought a valuation of about ₹3,815 crore at the upper end ‌of its IPO price band of ₹79 to ₹84 per share.

* Hero Motors makes automotive components and is led by Pankaj Munjal, whose family also runs Hero MotoCorp, India’s largest two-wheeler maker by volumes.

* The ‌company plans to use proceeds to reduce debt and purchase ​equipment to expand a manufacturing facility in the northern Indian state of Uttar ⁠Pradesh.

* India’s IPO market has regained momentum in ⁠the second half of 2026 after geopolitical tensions and market volatility curbed issuance earlier ‌in the year, with a wave of companies tapping the market in recent months.

Published on September 23, 2026