business π Hero Motors IPO: What you need to know
The Hero Motors IPO is open for subscription today and runs until September 18th. The company, led by Pankaj Munjal, is a separate entity from Hero MotoCorp, despite sharing the 'Hero' name. Its business is split between Alloys & Metallics, contributing 46% of revenue, and Powertrain Solutions, which accounts for 54%. Hero Motors has shown growth, increasing revenue from βΉ1,064 crore in FY24 to βΉ1,188 crore in FY26. The IPO aims to raise βΉ1,000 crore, with βΉ190 crore designated for debt repayment. π