Hero Motors IPO
Price band
–
Issue size
₹1200 Cr
Issue size
About Hero Motors
Hero Motors Limited is an India-based automotive technology and manufacturing company, incorporated in 1998 and part of the Munjal family’s automotive legacy. The company is promoted by Pankaj Munjal, Charu Munjal, Abhishek Munjal and O P Munjal Holdings. It operates as a system-level solutions provider to global original equipment manufacturers (OEMs).
Strengths
- Strong promoter backing with long-standing experience in the automotive sector.
- Diversified portfolio across EV and ICE powertrain solutions and metal components.
- Established relationships with global OEM customers.
- Integrated capabilities across design, engineering and manufacturing.
- Positioned to benefit from vehicle electrification and mobility trends.
Risks
- High revenue dependence on a limited number of key customers.
- Exposure to cyclical demand in the automotive industry.
- Significant reliance on international, especially European, markets.
- Vulnerability to raw material price volatility and supply disruptions.
- Execution risks in capacity expansion and EV transition strategy.
Use of proceeds
| Capital expenditure | ₹237 (29.63%) Cr |
| Repayment of borrowings | ₹285 (35.63%) Cr |
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