Hero Motors IPO
MainboardHero Motors is a leading automotive technology company manufacturing powertrain solutions, transmission components, and e-mobility drive units for global two-wheeler and commercial vehicle OEMs.
Verdict: Neutral
Est. GMP
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Price range
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Lot size
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Issue size
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Allotment
21 Sept
Listing
23 Sept
Review
1. Grey market premium
★★★★★Grey market premium data is currently not available as price band and dates are yet to be finalized.
2. Company financials
★★★★★Revenue growth has been moderate while profitability has faced margin pressures due to elevated raw material costs and operational expenses.
3. Subscription status
★★★★★Subscription bidding is yet to open.
4. Anchor investors
★★★★★Anchor book allocation details have not been released yet.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | EBITDA | PAT | Assets |
|---|---|---|---|---|---|
| FY22 | ₹914.32 | ₹858.70 | ₹112.45 | ₹44.50 | ₹1,045.20 |
| FY23 | ₹1,056.10 | ₹1,008.35 | ₹118.20 | ₹38.70 | ₹1,180.40 |
| FY24 | ₹1,064.40 | ₹1,038.15 | ₹104.80 | ₹17.02 | ₹1,265.10 |
Subscription
Anchor investors
Anchor book details pending.
Anchor placement details will be finalized a day prior to issue opening.
Risks
- ConcentrationHigh revenue dependency on a limited number of major automotive OEM clients and export markets.
- FinancialNet profit margins have witnessed a sharp decline from FY22 to FY24 despite revenue growth.
- CyclicalBusiness operations are inherently tied to cyclical swings in the global automotive and two-wheeler industries.
- LitigationThe company and its promoters are involved in pending legal and tax proceedings.