Hero Motors Ltd, the auto-components agency of the Hero Motors Firm (HMC) Group, on Saturday filed preliminary papers with markets regulator Sebi to lift Rs 900 crore via an preliminary public providing (IPO). The IPO is a mixture of a contemporary situation of fairness shares value Rs 500 crore and an Supply-For-Sale (OFS) of shares valued at Rs 400 crore by promoters, in line with the draft crimson herring prospectus (DRHP).
The OFS contains Rs 250 crore value of shares by O P Munjal Holdings, and Rs 75 crore every by Bhagyoday Investments and Hero Cycles.
The corporate might contemplate a pre-IPO placement of Rs 100 crore. If such placement is accomplished, the contemporary situation dimension will likely be lowered.
Proceeds from the contemporary situation to the tune of Rs 202 crore will likely be used for debt fee, Rs 124 crore for buy of kit required for enlargement in capability of the corporate’s facility in Gautam Buddha Nagar, Uttar Pradesh.
Hero Motors is India’s main automotive expertise firm engaged in designing, creating, manufacturing and supplying excessive engineered powertrain options supplier to automotive OEMs in the USA, Europe, India, and the ASEAN area.
The corporate’s product vary contains each electrical and non-electric powertrains for numerous automobile classes together with two-wheelers, e-bikes, off-road autos, electrical and hybrid automobiles and heavy-duty autos Hero Motors operates in two segments — powertrain options, and alloys and metallics. It has six manufacturing services throughout India, the UK, and Thailand.
Hero Motors’ income from operations stood Rs 1,064.4 crore within the fiscal 2024.
ICICI Securities, DAM Capital Advisors, and JM Monetary are the book-running lead managers to the problem.
 of shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP).){kind=link}