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The Economic Times
The Economic Times
Business
Kumar Gaurav

The “other Hero” comes to Dalal Street: A Munjal family story with a market twist

Hero Hero Motors Hero Group Hero MotoCorp Kumar Gaurav IPO India SEBI United States

Hero Motors, the Munjal family-controlled automotive technology company, is preparing to launch its initial public offering (IPO) later this month. The company plans to raise Rs 1,000 crore through the issue, comprising a fresh issue of 7.14 crore shares worth Rs 600 crore and an offer for sale (OFS) of up to 4.76 crore shares worth Rs 400 crore by promoters O P Munjal Holdings and Hero Cycles.

The company is separate from listed two-wheeler maker Hero MotoCorp. Both businesses trace their origins to the broader Hero Group, but operate as distinct corporate entities.

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