Analysis: Hero Motors

NSE:HEROMOTORS

Research report

companyname: Hero Motors Limited ticker: HEROMOTORS sector: Automotive Technology & Powertrain Solutions documenttype: IPO Research Report The offer totals ₹9,000 million, split between a fresh issue of up to ₹5,000 million and an offer for sale of up to ₹4,000 million. The company receives only the fresh issue proceeds. The entire ₹4,000 million offer for sale goes to three selling shareholders, all part of the promoter group. O P Munjal Holdings, the promoter selling shareholder, is letting ...

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