Hero Motors reduces IPO size to Rs 1,000 crore, revises fresh issue component
Powertrain solutions provider Hero Motors has reduced the size of its proposed public issue to Rs 1,000 crore after receiving approval from the Securities and Exchange Board of India (SEBI), revising the fresh issue component while keeping the offer-for-sale (OFS) portion unchanged.
The company had filed its draft red herring prospectus (DRHP) with SEBI in June 2025 to raise up to Rs 1,200 crore through an initial public offering (IPO). The proposed issue comprised a fresh issue of shares worth Rs 800 crore and an OFS of Rs 400 crore.
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September 2, 2026