Hero Motors plans $140 million IPO
Hero Motors, known for making parts for high-end bikes like BMW and Ducati, is planning to raise ₹12,000 crore (approximately $1.4 billion) through an IPO.
The offer includes ₹8,000 crore in new shares and ₹4,000 crore from existing shareholders selling their stake.
Shares will be listed on NSE and BSE.
Manufacturer of high-end bike parts
Led by Pankaj Munjal from the family behind Hero MotoCorp, Hero Motors builds powertrain and electric vehicle components at its Uttar Pradesh plant.
Their clients include big names in the premium two-wheeler world—think BMW and Ducati.
Hero Motors's financials and IPO details
Funds from the IPO will help pay off debt, upgrade manufacturing with new equipment, and boost working capital.
Last year, revenue barely grew (up just 1%), while profits dropped 67% because of higher expenses.
ICICI Securities, JM Financial, and DAM Capital are handling the IPO process.