Hero Motors gets Sebi -nod for £ 1,200 crore IPO; Details here

Hero Motors received approval from the Securities and Exchange Board of India (Sebi) to continue with the initial public offer (IPO), according to a Markets regulator filing on Monday, September 15. Hero Motors IPO details The manufacturer of auto parts intends to increase £ 1,200 crore through a mixture of fresh stock outreach and an offer (or’s). Of the total, £ 800 crore will come from the new edition, which will be allocated to pay the £ 285 debt, which invests £ 237 in new equipment at the Gautam Buddha Nagar plant, funded possible acquisitions and complies with general corporate requirements. The £ 400 Crore OFS will include £ 390 shares loaded by Munjal Holdings, and £ 5 each by Bhagyoday Investments and Hero Cycles. The IPO, which is priced at a face value of £ 10 per equity share, will see 50% of the offer for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 35% for retail investors. Hero cars can also opt for a pre-IPO placement of up to £ 160, which will reduce the size of the fresh problem accordingly. ICICI Securities, Dam Capital Advisors and JM Financial act as the book running through the book for the edition, with KFIN technologies serving as the Registrar. Led by Pankaj Munjal cousin of the Hero Motocorp chairman Pawan Munjal-Hero Motors initially submitted for a £ 900 Crore IPO in August 2024. The company re -resanctioned Prospectus (DRHP) later in July 2025, increasing the outreach size to £ 1,200 crore. The company manufactures engine and transmission parts for two-wheelers and serves leading global brands such as BMW, Ducati and Harley-Davidson. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.