Hero Motors shares fell hard on 21 October 2026. The stock closed at ₹122.71 on the NSE. That is a drop of ₹13.63, or 10%, from ₹136.34. It hit the 10% lower circuit and stayed there. So it could not fall more that day. On the BSE it closed at about ₹122.70.
The fall came one day after a lock-in ended for some big IPO buyers. That is why so many people searched for this stock today.
Image: Niyantha Shekhar via Wikimedia Commons, CC BY 2.0. The BSE building in Mumbai.
Is Hero Motors the same as Hero MotoCorp?
No. Many people mix them up. Hero MotoCorp makes the Splendor and other bikes. Hero Motors Limited is a different firm. It makes parts for cars and bikes. Its main parts are gears, gearboxes and drive shafts. It sells them to car and bike makers in India and abroad. It makes parts for EVs too.
Hero Motors is run by Pankaj Munjal's side of the Hero family. The Munjal family owns most of it. Its stock code is HEROMOTORS on the NSE and 544936 on the BSE.
Why did the stock fall today?
Before an IPO opens, a few big funds get shares first. These are the anchor buyers. They must keep half of these shares for 30 days. For Hero Motors, 1,78,57,139 such shares were locked until 20 October 2026. From 21 October, they were free to sell. That does not mean anyone sold. But a stock often moves on such days.
The rest of the anchor shares are 1,78,57,145 in number. They stay locked until 19 December 2026.
Hero Motors IPO and listing
| Detail | Figure |
|---|---|
| IPO dates | 16 to 18 September 2026 |
| Price band | ₹79 to ₹84 |
| Issue price | ₹84 |
| Issue size | ₹1,000 crore (₹600 crore new shares, ₹400 crore offer for sale) |
| Listing date | 23 September 2026 |
| NSE listing price | ₹82 |
| Listing day close (NSE) | ₹98.40 |
The stock opened below its IPO price. But it shot up 20% on day one. It kept rising for the next few days.
Hero Motors share price in October 2026
| Date | NSE close | Change |
|---|---|---|
| 1 Oct 2026 | ₹167.80 | +10.00% |
| 5 Oct 2026 | ₹169.63 | +1.09% (day high ₹178.84) |
| 9 Oct 2026 | ₹158.48 | -3.57% |
| 14 Oct 2026 | ₹159.29 | +2.64% |
| 16 Oct 2026 | ₹149.24 | -2.30% |
| 19 Oct 2026 | ₹136.34 | -8.64% |
| 21 Oct 2026 | ₹122.71 | -10.00% (lower circuit) |
These are NSE closing prices. The top price was ₹178.84 on 5 October. The stock is now about 31% below that. It is still about 46% above the ₹84 IPO price.
What to watch next
The next anchor unlock is on 19 December 2026. Its first results since the IPO are also due. The date is TBA. This story is news only. It is not advice to buy or sell. Please talk to a SEBI registered adviser first.
Frequently asked questions
What is the Hero Motors share price today?
On 21 October 2026, Hero Motors closed at ₹122.71 on the NSE, down 10% at the lower circuit.
Why did Hero Motors shares fall?
A 30-day lock-in on half the anchor shares ended on 20 October 2026. The stock hit the 10% lower circuit the next day.
Is Hero Motors the same as Hero MotoCorp?
No. Hero Motors Limited makes car and bike parts like gears. Hero MotoCorp makes bikes and scooters.
What was the Hero Motors IPO price?
The issue price was ₹84 per share. The stock listed at ₹82 on the NSE on 23 September 2026.
When is the next Hero Motors lock-in end?
The remaining anchor shares are locked until 19 December 2026.
Sources: Business Standard, Mint, Groww and Choice (21 October 2026), Chittorgarh IPO page, MarketScreener (S&P Capital IQ) lock-in notice, EquityPandit and EODData NSE data, Zee Business (23 September 2026). Prices are NSE closing figures as of 21 October 2026. This is not investment advice.
