Registered Office:
Hero Nagar,G T Road,
Ludhiana -
141003,
Punjab, India.
Phone : +91 120 4412 000 Fax:
Email : investorrelations@heromotors.com
Website : www.heromotors.com
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| Initial public offer of 119,047,618 equity shares of face value of (Rs) 10 each ("Equity Shares") of Hero Motors Limited ("Company" or "Issuer") for cash at a price of (Rs) 84 per equity share ( including a share premium of (Rs) 74 per equity share) ("Offer Price") aggregating to (Rs) 1000.00 Crores comprising a fresh issue of 71,428,571 equity shares aggregating to (Rs)600.00 Crores by the company ("Fresh Issue") and an offer for sale of 47,619,047 equity shares aggregating to (Rs) 400.00 Crores ("Offered Shares") by the selling shareholders, comprising 47,023,809 equity shares aggregating to (Rs) 395.00 Crores by O P Munjal Holdings ("Promoter Selling Shareholder") and 595,238 equity shares aggregating to (Rs) 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 constituted 26.21% of the post-offer paid-up equity share capital of the company.
Price Band: (Rs) 84 per equity share of face value of (Rs) 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 (Rs) 10 each and in multiples of 178 equity shares of face value of (Rs) 10 each thereafter. |
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 16-Sep-26 |
18-Sep-26 |
84.00-0.00 |
0.00-0.00 |
|
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Minimum Application for shares in Nos :
178
Further Multiples of :
178
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|
| |
(Rs.Cr) |
Lead Managers to the Issue |
| Project Cost |
561.99 |
DAM Capital Advisors Ltd
|
| Project Financed through Current Offer |
1000.00 |
|
| Post Issue Equity Share Capital |
454.22 |
|
| Issue Price |
84.00 |
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