Hero Motors will rock the stock market, going to enter!!!

hero Motors Company Group, one of the most prominent corporate houses in the country, is soon going to make a new blast in the stock market. hero Motors, the group's auto component manufacturing company, is coming up with an IPO of Rs 900 crore. The draft for the proposed IPO has been submitted to market regulator SEBI.

Fresh issue of Rs 500 crore in IPO

hero Motors submitted a draft to SEBI on august 23 for its proposed IPO. According to the draft of the IPO, the proposal that the company has placed before the market regulator includes a fresh issue of shares worth Rs 500 crore and an offer for sale of Rs 400 crore. Through the offer for sale, the promoters of the company want to reduce their stake in the company by selling their share of shares.

Promoters and these investors will sell shares in OFS

hero Motors is supported by South Asia Growth Invest. In the IPO, the company's promoter OP Munjal Holdings plans to raise Rs 250 crore by selling its share of shares. Apart from that, Bhagyodaya Investments and hero Cycles are both going to sell shares worth Rs 75-75 crore in the OFS.

Currently, their stake in hero Motors

Currently, promoter OP Munjal Holdings has the highest stake of 71.55 percent in hero Motors. At the same time, Bhagyodaya Investments has 6.28 percent and hero Cycles has 2.03 percent stake. South Asia Growth Invest LLC holds 12.27 percent stake in hero Motors.

BMW and Ducati are also customers

The company manufactures both electric and non-electric powertrains. Its customers include many OEMs from the US, Europe, india and ASEAN. Its major customers include big names like BMW, Ducati, Envilo International, Formula Motorsport, Humming Bird EV, HWA. hero Motors is the only company in india that manufactures CVTs for global e-bike companies. The company has 6 manufacturing facilities in india, UK and Thailand.