Hero Motors Ltd - IPO

Hero Motors Ltd IPO Details

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.

Objective of issue

Repayment/prepayment/redemption in full or in part of certain outstanding borrowings availed by the company. Capital exp of the company through purchase of equipment required for expansion in capacity of its Gautam Budh Nagar. Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

Hero Motors Ltd Contact Details

Hero Motors Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - investorrelations@heromotors.com

Website - www.heromotors.com