India, Sept. 15 -- Hero Motors has launched its Initial Public Offering (IPO) today. The company plans to use the proceeds for capital expenditure, repayment of debt, funding inorganic growth, and general corporate purposes.

The IPO is a book-built issue of Rs. 1,000 crore. The issue comprises a fresh issue of 7.14 crore shares aggregating to Rs. 600 crore and an offer for sale (OFS) of 4.76 crore shares aggregating to Rs. 400 crore.

Hero Motors IPO opens for subscription on September 16, 2026, and closes on September 18, 2026. The allotment for the Hero Motors IPO is expected to be finalized on September 21, 2026. The IPO is proposed to list on September 23, 2026.

This IPO has set its issue price band at Rs. 79 to Rs. 84 per share. T...