Hero Motors is set to raise ₹900 crore through an IPO, comprising fresh shares and an offer-for-sale.
The IPO includes a ₹500 crore fresh equity issuance and ₹400 crore OFS by promoters, including OP Munjal Holdings.
Hero Motors may explore a pre-IPO placement of ₹100 crore, potentially reducing the fresh issue size.
Providing powertrain solutions to global giants like BMW and Ducati, Hero Motors operates across the U.S., Europe, and India.
Hero Motors boasts six manufacturing units in India, the UK, and Thailand, leading in powertrain solutions and alloys.
In FY24, Hero Motors reported a net profit of ₹17 crore, down 58% from last year, with revenues at ₹1,064.4 crore.