Mumbai, Sept. 16 -- The initial public offer of Hero Motors received bids for 12,26,40,042 shares as against 8,86,07,596 shares on offer, according to stock exchange data at 17:00 IST on 16 September 2026. The issue was subscribed 1.38 times.

The issue opened for bidding on 16 September 2026 and will close on 18 September 2026. The price band of the IPO is fixed between Rs 79 and 84 per share. An investor can bid for a minimum of 178 equity shares and multiples thereof.

The IPO comprises a fresh issue of equity shares worth up to Rs 600 crore and an offer aggregating up to Rs 400 crore by O P Munjal Holdings and Hero Cycle.

As of July 31, 2026, Hero Motors had total outstanding borrowings of Rs 289.54 crore. The company proposes to use...