Hero Motors Files Draft Papers for ₹1,200-Crore IPO

Hero Motors files draft papers for ₹1,200-crore IPO

Hero Motors plans IPO to raise ₹1,200 crore, including fresh equity and OFS, for debt repayment and expansion.

Hero Motors Revs Up IPO Plans, Refiles Papers with Bigger Issue Size

In order to earn INR 1,200 crore through an initial public offering (IPO), Hero Motors has resubmitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), the market regulator. For both electric and non-electric powertrains, Hero Motors offers a broad range of solutions, including system-level powertrain design, prototype, validation, development, and delivery.It has a major first-mover advantage in this…

Hero Motors refiles DRHP for ₹1,200 crore IPO

Hero Motors has filed for a ₹1,200 crore IPO, comprising a fresh issue of ₹800 crore and an offer for sale of ₹400 crore by existing shareholders. The company offers comprehensive powertrain solutions for both electric and non-electric vehicles. Major OFS contributors include O.P. Munjal Holdings (₹390 crore), Bhagyoday Investments, and Hero Cycles (₹5 crore each).