Hero Motors cuts IPO size to ₹1,000 crore

Hero Motors has downsized its proposed IPO to ₹1,000 crore after receiving SEBI approval. The revised issue includes a fresh share issue worth ₹600 crore and an unchanged OFS component of ₹400 crore by promoters. The company had initially planned to raise ₹1,200 crore, comprising ₹800 crore through fresh shares and ₹400 crore via OFS.