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Hero Motors Ltd
Registered Office:
Hero Nagar,G T Road,
Ludhiana - 141003,
Punjab, India.
Phone : +91 120 4412 000
Fax : NA
Email :
investorrelations@heromotors.com
Website :
www.heromotors.com
Initial public offer of up to 119,047,619 equity shares of face value of (
R
s
) 10 each ("Equity Shares") of Hero Motors Limited ("Company" or "Issuer") for cash at a price of (
R
s
) 84 per equity share ( including a share premium of (
R
s
) 74 per equity share) ("Offer Price") aggregating up to (
R
s
) 1000.00 Crores comprising a fresh issue of up to 71,428,571 equity shares aggregating up to (
R
s
) 600.00 Crores by the company ("Fresh Issue") and an offer for sale of up to 47,619,048 equity shares aggregating up to (
R
s
)400.00 Crores ("Offered Shares") by the selling shareholders, comprising up to 47,023,809 equity shares aggregating up to (
R
s
)395.00 Crores by O P Munjal Holdings ("Promoter Selling Shareholder") and up to 595,238 equity shares aggregating up to (
R
s
)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: (
R
s
) 84 per equity share of face value of (
R
s
) 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 (
R
s
) 10 each and in multiples of 178 equity shares of face value of (
R
s
) 10 each thereafter.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
16-Sep-26
18-Sep-26
84.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 178 Further Multiples of : 178
(
R
s
.Cr
)
Lead Managers to the Issue
Project Cost
0.00
DAM Capital Advisors Ltd
Project Financed through Current Offer
1000.00
Post Issue Equity Share Capital
454.22
Issue Price
84.00
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