Auto elements maker Hero Motors has filed draft papers with the markets regulator SEBI to lift ₹1,200 crore by way of an preliminary public providing (IPO).
The IPO is a mixture of a contemporary concern of fairness shares value ₹800 crore and an offer-for-sale (OFS) of shares value ₹400 crore by promoters, based on the draft papers filed on Monday (June 30, 2025).
As part of the OFS, O.P. Munjal Holdings can be offloading shares to the tune of ₹390 crore, and Bhagyoday Investments and Hero Cycles will divest shares valued at ₹5 crore every.
Proceeds from the contemporary concern to the extent of ₹285 crore can be used for cost of debt, and ₹237 crore for the acquisition of apparatus for capability growth on the firm’s facility in Gautam Buddha Nagar, Uttar Pradesh.
Also, a portion can be utilised for funding inorganic progress by way of unidentified acquisitions and different strategic initiatives and normal company functions.
The firm plans to mobilise as much as ₹160 crore within the pre-IPO spherical. If it completes the pre-IPO placement, the contemporary concern dimension will get lowered to the extent of such quantity.
In August 2024, Hero Motors filed preliminary papers with SEBI to lift ₹900 crore by way of an preliminary share sale. Later in October, the corporate withdrew its draft paperwork.
Hero Motors is one among India’s main automotive expertise firms engaged in designing, creating, manufacturing and supplying extremely engineered powertrain options catering to automotive unique gear producers (OEMs) within the United States, Europe, India and the Association of Southeast Asian Nations (ASEAN,) area.
It caters to the necessities of its international clients, together with BMW AG, Ducati Motor Holding SPA, Enviolo International Inc. and Formula Motorsport Ltd. and Hummingbird EV.
As of December 31, 2024, the corporate operated six manufacturing amenities unfold throughout India, the United Kingdom, and Thailand.
Hero Motors’ income from operations stood at ₹1,064.39 crore in fiscal 12 months 2024, and revenue after tax stood at ₹17.04 crore.
ICICI Securities, DAM Capital Advisors, and JM Financial are the book-running lead managers to the problem.
