The Hopkinson effect in the HDDR-treated $Nd_{15}Fe_{77}B_8$ allay was examined in detail by means of a thermo-magnetic analysis with low magnetic field (600 Oe). The emergence and magnitude of maximum in magnetisation in the thermomagnetic curve due to the Hopkinson effect was correlated with the grain structure and coercivity of the HDDR-treated material. The HDDR-treated materials showed a clear Hopkinson effect (maximum in magnetisation just below the Curie temperature of the $Nd_2Fe_{14}B;$ phase) on heating. The magnitude of the magnetisation rise due to the Hopkinson effect became smaller as the recombination time increased. The magnetisation recovery at room temperature on cooling from above the Curie temperature became smaller as the recombination time increased. The HDDR-treated materials with shorter recombination time, finer grain size and higher coercivity showed larger magnetisation maximum due to the Hopkinson effect in the thermo-magnetic curve.