Hero Motors IPO particulars
The general public supply will open for subscription on Wednesday, September 16, and shut on Friday, September 18. Every fairness share has a face worth of Rs 10. Anchor traders will be capable of place their bids a day earlier than the difficulty opens on September 15.
The IPO will comprise a recent concern of shares value Rs 600 crore and an Provide For Sale (OFS) of Rs 400 crore. The corporate has set the lot measurement at 178 shares, which means retail traders might want to make investments a minimal of Rs 14,952 on the higher finish of the worth band. Bids can thereafter be positioned in multiples of 178 shares.
Retail traders have been allotted 35% of the difficulty, whereas institutional traders will get 50%. The remaining portion has been reserved for non-institutional traders (NIIs).
On the higher finish of the worth band, Hero Motors could have a market capitalisation of Rs 3,815 crore. Following the OFS, the promoter holding within the firm will decline to 61.63% from 85.57% earlier.
Based mostly on diluted EPS for Fiscal 2026, the corporate’s Value-to-Earnings (P/E) ratio ranges from 69.30x on the ground worth to 73.68x on the cap worth. In the meantime, the corporate’s 3-year weighted common Return on Web Value (RoNW) is 7.58%.
When will Hero Motors shares record?
ICICI Securities, DAM Capital and JM Monetary are the e-book working lead managers for the IPO, whereas Kfin Applied sciences has been appointed because the registrar.The allotment of shares to eligible traders is scheduled for September 21, adopted by the credit score of shares to traders’ demat accounts on September 22. Hero Motors is about to make its inventory market debut on Wednesday, September 23.
Hero Motors, which counts BMW and Ducati amongst its shoppers, is led by Pankaj Munjal. The Munjal household additionally runs Hero MotoCorp, India’s largest two-wheeler maker by volumes. The corporate plans to make use of the IPO proceeds to cut back its debt and buy tools for increasing its facility in Uttar Pradesh.
Hero Motors manufactures high-end transmission programs, drive models and engine elements. Its key clients embody worldwide manufacturers similar to BMW and Ducati, together with different two-wheeler and electrical bicycle producers.
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Instances)
