Indian auto parts maker Hero Motors files for up to $140 million IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 01 2025
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Source: Reuters
IPO Filing: Hero Motors, an Indian auto parts manufacturer, has filed for an initial public offering (IPO) aiming to raise up to 12 billion rupees ($140.1 million), with plans to issue fresh shares worth 8 billion rupees and existing shareholders selling shares worth 4 billion rupees.
Use of Proceeds and Financial Performance: The funds from the IPO will be utilized to reduce debt and purchase equipment for facility expansion in Uttar Pradesh, while the company reported a 67% decline in net profit for fiscal year 2024 despite a slight revenue increase.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
