Hero Motors plans to raise ₹1,200 crore through a combination of fresh issue and OFS. The IPO, with a face value of ₹10 per equity share, will allocate 50% of the issue to qualified institutional buyers (QIBs), 15% to non-institutional investors, and 35% to retail individual investors. Hero Motors may also consider a pre-IPO placement of up to ₹160 crore. If undertaken, the fresh issue size will be reduced accordingly.
