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Hero Motors Ltd

Registered Office: Hero Nagar,G T Road, Punjab , Ludhiana,141003
Phone : +91 120 4412 000 | Fax : N/A | Email : investorrelations@heromotors.com | Website : www.heromotors.com

Initial public offer of up to 119,047,619 equity shares of face value of Rs. 10 each ("Equity Shares") of Hero Motors Limited ("Company" or "Issuer") for cash at a price of Rs. 84 per equity share ( including a share premium of Rs. 74 per equity share) ("Offer Price") aggregating up to Rs. 1000.00 Crores comprising a fresh issue of up to 71,428,571 equity shares aggregating up to Rs. 600.00 Crores by the company ("Fresh Issue") and an offer for sale of up to 47,619,048 equity shares aggregating up to Rs.400.00 Crores ("Offered Shares") by the selling shareholders, comprising up to 47,023,809 equity shares aggregating up to Rs.395.00 Crores by O P Munjal Holdings ("Promoter Selling Shareholder") and up to 595,238 equity shares aggregating up to Rs.5.00 Crores by Hero Cycles Limited (the "Promoter Group Selling Shareholder" and together with the promoter selling shareholder, the "Selling Shareholders" ), and such offer for sale, the "Offer For Sale", and together with the fresh issue, the "Offer". The offer shall constitute [*] % of the post-offer paid-up equity share capital of the company. Price Band: Rs. 84 per equity share of face value of Rs. 10 each. The floor price is 8.4 times the face value of the equity shares. Bids can be made for a minimum of 178 equity shares of face value of Rs. 10 each and in multiples of 178 equity shares of face value of Rs. 10 each thereafter.
Issue Money Payable On
Opens On Closes On Allotment Application
16-Sep-26 18-Sep-26 0.0 - 0.0 84.0 - 0.0

Minimum Application for shares in Nos : 178.00 Further Multiples of : 178.00

( in Cr) Lead Managers to the Issue
Project Cost 561.99 DAM Capital Advisors Ltd
ICICI Securities Ltd
JM Financial Ltd
Project Financed 1,000.00
Post Issue 454.22
Issue Price 454.22

Projects

  • Repayment/prepayment/redemption in full or in part of certain outstanding borrowings availed by the company
  • Capital exp of the company through purchase of equipment required for expansion in capacity of its Gautam Budh Nagar
  • Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
  • Promoted By
    No data available
  • Listing At
    BSE
    NSE
  • Registrar to the Issue
    KFin Technologies Ltd