Hero Motors IPO is expected to open in __ and close in . It will be a Book Build Issue, and the company plans to raise around ₹1,200 crores. This includes a fresh issue of ₹800 crores and an offer for sale of up to __ equity shares with a face value of ₹10 each. The price band is likely to be around ₹ to ₹__ per share. The IPO will be listed on both BSE and NSE, and the allotment date is scheduled for __.
The company registered revenue of ₹1,083.42 crores in 2024 compared to ₹1,070.00 crores in 2023. Profit for 2024 stood at ₹17.04 crores, lower than the previous year’s ₹40.51 crores. Based on recent performance and industry outlook, long-term investors may consider evaluating this issue carefully.
Contents
Hero Motors IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | __ |
| IPO Close Date | __ |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹__ to ₹__ per share |
| Issue Size | Approx. ₹1,200 crores |
| Fresh Issue | Approx. ₹800 crores |
| Offer for Sale | Approx. __ equity shares |
| Issue Type | Book Build Issue |
| Listing | BSE & NSE |
| DRHP | View PDF |
| RHP | View PDF |
Hero Motors IPO Review
Hero Motors is a key player in advanced powertrain solutions, serving OEMs across the US, Europe, India, and ASEAN. The company works across multiple vehicle categories, including electric, hybrid, high-performance, off-road, and even emerging eVTOL aircraft.
Although revenue has been growing steadily, profitability has moderated in recent years. The company’s product diversification and long-standing market presence may appeal to long-term investors.
- Also Read: Curefoods IPO
Hero Motors IPO Market Lot
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | __ | __ | ₹__ |
| Retail Maximum | __ | __ | ₹__ |
| S-HNI Minimum | __ | __ | ₹__ |
| S-HNI Maximum | __ | __ | ₹__ |
| B-HNI Minimum | __ | __ | ₹__ |
IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investors | __ shares | __% |
| QIB | __ shares | 50% |
| NII | __ shares | 15% |
| Retail | __ shares | 35% |
Hero Motors IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | __ |
| Anchor Investor List | |
| Shares Offered | __ shares |
| Anchor Size | ₹__ crores |
| Lock-in (30 days) | __ |
| Lock-in (90 days) | __ |
Hero Motors IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | __ |
| IPO Close Date | __ |
| Basis of Allotment | __ |
| Refunds | __ |
| Shares to Demat | __ |
| Listing Date | __ |
| Cut-off Time | __ – 5 PM |
Promoters and Holding Pattern
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 35,83,36,019 | 91.41% |
| Promoter Holding Post-Issue | __ | __% |
Objects of the Issue
The funds raised from the fresh issue will be utilised toward repayment or prepayment of certain borrowings amounting to ₹285 crores. A portion will support capital expenditure worth ₹237 crores for expanding the company’s capacity at the Gautam Buddha Nagar facility in Uttar Pradesh.
The remaining funds will go toward inorganic growth opportunities, strategic initiatives, and general corporate purposes.
About Hero Motors
Hero Motors Limited is a well-known name in the design, development, and supply of advanced powertrain systems for global OEMs.
Its products are used in two-wheelers, e-bikes, high-performance and off-road vehicles, hybrid and electric cars, heavy-duty vehicles, and even next-generation eVTOL aircraft. The company operates across two business verticals: Powertrain Solutions and Alloys & Metallics.
Hero Motors Financial Report
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2022 | ₹921.15 cr | ₹849.25 cr | ₹99.02 cr | ₹703.13 cr |
| 2023 | ₹1,070.00 cr | ₹1,016.24 cr | ₹40.51 cr | ₹992.02 cr |
| 2024 | ₹1,083.42 cr | ₹1,059.11 cr | ₹17.04 cr | ₹1,059.86 cr |
| December 2024 | ₹823.80 cr | ₹799.28 cr | ₹22.39 cr | ₹1,177.79 cr |
Hero Motors IPO Valuation – FY2024
| KPI | Value |
|---|---|
| ROE | 4.54% |
| ROCE | 22.59% |
| EBITDA Margin | 7.78% |
| PAT Margin | 1.60% |
| Debt-to-Equity | 1.76 |
| EPS (Basic) | ₹0.36 |
| P/E Ratio | __ |
| RoNW | 4.42% |
| NAV | ₹10.29 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| CIE Automotive India | 21.03 | 21.14 | 15.82% | 157.84 | 9,280.35 cr |
| Endurance Technologies | 48.38 | 54.37 | 14.41% | 335.73 | 10,240.87 cr |
| Sona BLW | 8.83 | 54.44 | 20.24% | 47.75 | 3,184.77 cr |
| UNO Minda | 15.36 | 70.44 | 19.58% | 91.71 | 14,030.89 cr |
| Varroc Engineering | 34.43 | 16.20 | 57.82% | 62.60 | 7,551.94 cr |
IPO Lead Managers
ICICI Securities Ltd
DAM Capital Advisors Ltd
JM Financial Ltd
Company Address
Hero Motors Ltd
Hero Nagar, GT Road
Ludhiana, Punjab – 141003
Phone: +91 120441200
Email: investorrelations@heromotors.com
Website: http://www.heromotors.com/
Registrar
KFin Technologies Ltd
Phone: 04067162222 / 04079611000
Email: hml.ipo@kfintch.com
Website: https://ipostatus.kfintech.com/
Hero Motors IPO FAQs
What is Hero Motors IPO?
It is a Mainboard IPO through which the company plans to raise around ₹1,200 crores. The shares will be listed on BSE & NSE.
When will Hero Motors IPO open?
It is expected to open in __ and close in __.
What is the price band?
The expected price band is ₹__ to ₹__ per share.
What is the lot size?
The minimum bid is __ shares.
What is the allotment date?
The allotment date is scheduled for __.
What is the listing date?
The listing will take place on __.
Expert Comment
Hero Motors operates in a niche yet rapidly evolving segment with strong global demand for advanced powertrain systems. The company’s experience, product diversification, and international client base give it a solid foundation.
However, the declining profitability trend is something investors should track closely. Those with a long-term perspective and interest in the automotive technology space may find this IPO worth considering after reviewing the final valuations and market conditions.
