Hero Motors Limited IPO
HEROMOTORS · Automobiles · Open for bidding
Price band
Rs.79 to Rs.84
Issue size
₹744 Cr
Open
16-Sep-2026
Close
18-Sep-2026
Subscription
1.42×
GMP · unofficial
₹13 · ~15%
Traddx read: Neutral
- Mixed demand — reasonable for a listing pop, but not a standout. Size your bid accordingly.
- Weak institutional interest — QIB only 0.01×.
- Retail is piling in (3.9×) — popular, but retail froth can fade after listing.
- Overall subscription 1.4×.
- Grey market is hot — dealers indicate ~15% listing premium (unofficial, can swing fast).
Hero Motors Limited is open for bidding in the Automobiles space, with a price band of Rs.79 to Rs.84 and an issue size of ₹744 Cr. The grey market premium (unofficial, via ipowatch.in) is around ₹13 (~15% over the issue price), a rough and volatile hint of listing demand. Traddx's read is based on official subscription demand and how listed peers are valued — see the breakdown below.
Subscription by category
| Investor category | Times subscribed |
|---|---|
| QIB (institutions) | 0.01× |
| Non-institutional (NII) | 2.45× |
| Retail | 3.86× |
| Total | 2.46× |
How the sector is valued (listed Automobiles peers)
| Company | Price | P/E | P/B | Net margin |
|---|---|---|---|---|
| MARUTI | ₹12405.0 | 27.78 | 0.0 | 6.39% |
| M&M | ₹3124.4 | 24.48 | 0.0 | 8.78% |
| TMPV | ₹306.95 | 1.37 | 0.0 | 0.43% |
| HYUNDAI | ₹2221.6 | 37.07 | 0.0 | 5.57% |
Compare the IPO's asking price against what already-listed peers trade at — a much richer valuation than peers usually signals a pricey issue.