Hero Motors IPO

The price band for Hero Motors IPO has not been announced yet. It is published in the RHP shortly before the issue opens.

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). The company’s operations are organised into two core segments: Powertrain Solutions and Alloys & Metallics. It designs, engineers, manufactures and supplies gears, transmissions, powertrain systems, alloy components and precision metal parts. Its offerings cater to both electric and internal combustion platforms across two-wheelers, performance vehicles, e-bikes, off-road vehicles and select automotive applications. Hero Motors follows a B2B business model, working closely with OEM customers from early design and prototyping through validation and serial production. It combines manufacturing scale with in-house engineering and R&D capabilities. Key strengths include deep domain expertise in powertrain technologies, long-standing customer relationships, global delivery capabilities and strong promoter backing, positioning the company as a strategic partner in the evolving mobility ecosystem. Financials Financial Year Ended March 2023 March 2024 December 2024 Total Assets 992.02 1059.86 1177.79 Revenue 1070 1083.42 823.8 Profit After Tax 40.51 17.04 22.39

Hero Motors is a mainboard IPO with a ₹ price band (₹1200cr issue) — subscription data is not live yet, so demand signals are unavailable. For a mainboard IPO at moderate risk (6/10), weigh DRHP financials and sector comps against the ₹ band before you apply.