+
Hero Motors files draft papers for Rs 9 billion IPO
ECONOMY & POLICY

Hero Motors files draft papers for Rs 9 billion IPO

Hero Motors Ltd, the auto-components arm of the Hero Motors Company (HMC) Group, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) to raise Rs 9 billion through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the IPO will consist of a fresh issue of equity shares worth Rs 5 billion and an Offer-For-Sale (OFS) of shares valued at Rs 4 billion by the company's promoters.

The OFS will include Rs 2.5 billion worth of shares from O P Munjal Holdings and Rs 750 million each from Bhagyoday Investments and Hero Cycles.

The company is considering a pre-IPO placement of Rs 1 billion. If this placement occurs, the size of the fresh issue will be reduced accordingly.

The proceeds from the fresh issue will be allocated as follows: Rs 2.02 billion for debt repayment and Rs 1.24 billion for purchasing equipment needed to expand the company's facility in Gautam Buddha Nagar, Uttar Pradesh.

Hero Motors is a leading automotive technology company in India, specialising in designing, developing, manufacturing, and supplying advanced powertrain solutions to automotive OEMs in the United States, Europe, India, and the ASEAN region. The company offers both electric and non-electric powertrains for various vehicle categories, including two-wheelers, e-bikes, off-road vehicles, electric and hybrid cars, and heavy-duty vehicles.

Operating in two segments "powertrain solutions and alloys and metallics" Hero Motors has six manufacturing facilities across India, the United Kingdom, and Thailand. The company reported a revenue of Rs 10.64 billion from operations in the fiscal year 2024.

ICICI Securities, DAM Capital Advisors, and JM Financial are the book-running lead managers for the IPO. (ET)

Hero Motors Ltd, the auto-components arm of the Hero Motors Company (HMC) Group, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) to raise Rs 9 billion through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the IPO will consist of a fresh issue of equity shares worth Rs 5 billion and an Offer-For-Sale (OFS) of shares valued at Rs 4 billion by the company's promoters. The OFS will include Rs 2.5 billion worth of shares from O P Munjal Holdings and Rs 750 million each from Bhagyoday Investments and Hero Cycles. The company is considering a pre-IPO placement of Rs 1 billion. If this placement occurs, the size of the fresh issue will be reduced accordingly. The proceeds from the fresh issue will be allocated as follows: Rs 2.02 billion for debt repayment and Rs 1.24 billion for purchasing equipment needed to expand the company's facility in Gautam Buddha Nagar, Uttar Pradesh. Hero Motors is a leading automotive technology company in India, specialising in designing, developing, manufacturing, and supplying advanced powertrain solutions to automotive OEMs in the United States, Europe, India, and the ASEAN region. The company offers both electric and non-electric powertrains for various vehicle categories, including two-wheelers, e-bikes, off-road vehicles, electric and hybrid cars, and heavy-duty vehicles. Operating in two segments powertrain solutions and alloys and metallics Hero Motors has six manufacturing facilities across India, the United Kingdom, and Thailand. The company reported a revenue of Rs 10.64 billion from operations in the fiscal year 2024. ICICI Securities, DAM Capital Advisors, and JM Financial are the book-running lead managers for the IPO. (ET)

Next Story
Building Material

Viva ACP Launches Experience Centre in Nashik

Viva ACP, one of Asia’s leading manufacturers of Metal Composite Panels (MCP), has unveiled a new state-of-the-art Experience Centre in Nashik. Situated at Plot No. 10, Kathe Industrial Estate, Tigrania Road, Dwarka, the centre aims to make Viva’s premium cladding solutions more accessible to architects, developers, and design professionals in Western India. The centre was formally inaugurated by Prakash Jain, Chairman and Managing Director, Viva Composite Panel, along with Nitin Jain and Mayank Jain, Directors at the company. Conceptualised as an interactive and immersive space,..

Next Story
Technology

Hikrobot Launches HDMI Video Micro System in India

India, July 2025: Hikrobot has introduced its HDMI Video Micro System in the Indian market, offering a plug-and-play imaging solution that combines 2K high-definition clarity, real-time streaming, and portability. The system is designed for professionals in sectors such as industrial inspection, medical research, forensic science, education, and precision manufacturing. Unlike traditional imaging setups that require external PCs and complex software, the Hikrobot HDMI Video Micro System provides direct output to an HDMI display, eliminating setup complications and improving usability.&nbs..

Next Story
Real Estate

Stone Wood Hotels Appoints Shishir Kumar Jena as CFO

Stone Wood Hotels & Resorts has announced the appointment of Shishir Kumar Jena as Chief Financial Officer. This key leadership move aligns with the boutique hospitality group’s ongoing national expansion. Shishir Kumar Jena brings over 32 years of experience in hospitality finance, having held senior positions with renowned brands such as Acron, Radisson, and Fortune Inn Exotica. His expertise spans financial strategy, operational efficiency, revenue optimisation, and aligning financial performance with guest satisfaction. Throughout his career, Jena has maintained a consisten..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?