Hero Motors launched its initial public offering as a blend of a fresh issuance of 7.14 crore shares valued at ₹600 crore and an offer‑for‑sale (OFS) of ₹400 crore by promoters OP Munjal Holdings and Hero Cycles. The auto‑components maker’s shares rose 20 % on the third trading day after listing, reaching the upper circuit limit on the National Stock Exchange. At ₹141.69 per share, the stock’s market capitalisation stands at ₹6,435.78 crore.

On its debut day, Hero Motors opened at ₹82 per share on the NSE, a discount of 2.38 % from the IPO issue price of ₹84. The scrip is now trading 68.67 % above the issue price, reflecting a strong demand surge. The initial public offering attracted 6.66 times the subscription, with 58,97,26,638 shares bid against 8,86,07,596 shares offered, according to BSE data.

The share sale was subscribed 6.66 times overall. The portion reserved for non‑institutional investors (NIIs) received 9.86 times subscription, while the retail investor category was booked 8.23 times. Qualified institutional buyers (QIBs) saw a 1.49 times subscription. These figures illustrate the varied interest across investor segments during the IPO.

Hero Motors will deploy ₹190 crore of the proceeds to clear debt, while ₹200 crore will fund the purchase of equipment for capacity expansion at its plant in Uttar Pradesh. A portion of the funds will also support inorganic growth through unidentified acquisitions and other strategic initiatives, in addition to general corporate purposes.

Hero Motors, an automotive technology company, designs, develops, manufactures and supplies engineered powertrain solutions to original equipment manufacturers (OEMs) across the United States, India, Europe and the Association of Southeast Asian Nations (ASEAN). The company serves several global firms, including Ducati Motor Holding SPA, BMW AG, Enviolo International Inc, Hummingbird EV and Formula Motorsport Ltd.