Hero Motors IPO GMP Today and Kostak Price
Hero Motors IPO Grey Market Premium (GMP) today stands at ₹ 0, indicating cautious or neutral market sentiment ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
Hero Motors IPO is scheduled to open for subscription on September 16, 2026. The public issue aims to raise around ₹1000 Cr. and is offered in a price band of ₹79 to ₹84 per share, with a market lot of 178 shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Hero Motors IPO Dates
| Event | Date |
|---|---|
| Open Date | 16 Sep, 2026 |
| Close Date | 18 Sep, 2026 |
| Allotment Date | 21 Sep, 2026 |
| Refund Date | 22 Sep, 2026 |
| Credit to Demat | 22 Sep, 2026 |
| Listing Date | 23 Sep, 2026 |
Hero Motors IPO Expected Listing Price
| Basis | Value |
|---|---|
| Issue Price (Upper Band) | ₹84 |
| Current GMP | ₹ 0 |
| GMP-Based Listing Estimate | Not yet available |
| Listing Date | 23 Sep, 2026 |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Hero Motors IPO GMP Reliable?
Grey market premium for Hero Motors IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Hero Motors IPO full review for a fundamentals-based assessment before making any grey market trades.
Hero Motors IPO IPO Kostak Rate Explained
The Kostak rate for Hero Motors IPO is currently not active. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price has not been quoted yet. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Hero Motors IPO
It works on both electric and non-electric powertrains, for two wheelers, performance cars, e-bikes, off-road vehicles, electric and hybrid cars, heavy duty vehicles and even eVTOL, which are electric vertical take off aircraft. It offers both complete systems and individual components, covering design, prototyping, validation, development and delivery. Its known areas are continuously variable transmissions, EV transmissions, electric motors, integrated drive units and gear sets.
The business runs in two segments. Powertrain Solutions covers Gears and Transmissions for automotive and mobility use, and Bike Powertrain for micro-mobility and global e-bike makers. The Alloys and Metallics segment supplies sheet metal and related work. The company describes itself as a first mover in the global e-bike powertrain market and as the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrain products for e-bikes. It sells to customers in the United States, Europe, India and the ASEAN region.
Strengths & Risks
Strengths
- ✓ Profit has more than doubled in two years, from Rs 17.04 crore in FY2024 to Rs 32.80 crore in FY2025 and Rs 41.17 crore in FY2026.
- ✓ EBITDA has grown strongly over the same period, from Rs 86.28 crore to Rs 147.78 crore.
- ✓ Being the only manufacturer in India producing and exporting CVT hubs and integrated electric powertrains for e-bikes is a genuine technical niche that took years to build.
- ✓ It sells into the United States, Europe, India and ASEAN, so it is not dependent on the Indian vehicle market alone.
- ✓ The product range spans both electric and non-electric powertrains, so it earns from today's vehicles while being positioned for the shift to EVs.
- ✓ It supplies across many vehicle types, from two wheelers and e-bikes to hybrid cars, heavy duty vehicles and eVTOL applications.
- ✓ RoCE was 19.77% and net worth grew from Rs 385.44 crore in FY2024 to Rs 482.45 crore in FY2026.
- ✓ Rs 190 crore of the issue money repays borrowings and the rest goes into expanding capacity at its Gautam Buddha Nagar facility in Uttar Pradesh.
Risks
- ⚠ This is the most expensive issue in the current batch by a wide margin, at about 93.33 times earnings on an EPS of only Rs 0.90.
- ⚠ Return on net worth is only 8.53%, which is very low against that valuation.
- ⚠ The profit margin is thin at 3.46%, and sales growth is slow. Total income rose only about 9% in FY2026, from Rs 1,111.23 crore to Rs 1,216.74 crore.
- ⚠ Debt is high and is not coming down. Total borrowing was Rs 400.79 crore as on 31 March 2026 against a net worth of Rs 482.45 crore, and it has stayed above Rs 400 crore for two years.
- ⚠ A large part of the business depends on European and American demand for e-bikes and vehicles, so it carries currency risk and exposure to those economic cycles.
- ⚠ Powertrain work is won programme by programme from vehicle makers. Losing a programme, or a customer delaying a launch, removes that revenue for years.
- ⚠ The eVTOL and advanced EV applications are early stage markets, so the money and effort going into them may take a long time to earn.
- ⚠ This is a fresh issue combined with an offer for sale, and promoter holding falls from 84.67% to 61.08% after the issue.
Frequently Asked Questions about Hero Motors IPO
What is the GMP of Hero Motors IPO?
The current Grey Market Premium (GMP) of Hero Motors IPO is not yet started or active in the market.
What is the Kostak Price of Hero Motors IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Hero Motors IPO is currently not available.
What is the Subject to Sauda Price of Hero Motors IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What is the expected listing price of Hero Motors IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for Hero Motors IPO. Check back closer to the subscription date.
Is the GMP of Hero Motors IPO increasing or decreasing?
The GMP of Hero Motors IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore Hero Motors IPO Further
For a complete picture before making your investment decision, explore these resources:
