Hero Motors IPO: Rs 1,000-cr issue at Rs 79-84 values firm at Rs 3,815 cr
Hero Motors has set its IPO price band at Rs 79-84 per share for a Rs 1,000-crore issue, implying a Rs 3,815 crore market cap at the top end. The offering includes Rs 600 crore fresh issue and Rs 400 crore OFS, cutting promoter stake to 61.63%. With a P/E of 69.3x-73.7x and 7.58% RoNW, valuation will be a key test for investors.
Source: thehindubusinessline.com · economictimes.indiatimes.com