Hero Motors IPO, the auto-components and mobility solutions arm of the Hero Group, has refiled its Draft Red Herring Prospectus with SEBI to launch a ₹1,200 crore IPO, up from its previously planned ₹900 crore issue. The offering includes a substantial ₹800 crore fresh issue of equity and an offer-for-sale (OFS) of ₹400 crore by existing promoters, primarily from O.P. Munjal Holdings, Bhagyoday Investments, and Hero Cycles. The proceeds from the fresh issue are earmarked for strategic priorities, including ₹285 crore for debt repayment, ₹237 crore for capital expenditure, especially to upgrade its Gautam Buddha Nagar facility in Uttar Pradesh, along with funds for working capital, inorganic growth initiatives, and general corporate purposes. Hero Motors is a fully integrated powertrain systems provider, supplying to global OEMs such as BMW, Ducati, and Harley-Davidson, and operates multiple plants across India, the UK, and Thailand. The IPO follows a rigorous book-building process with a quota allocation of up to 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 35% for retail investors. This well-structured offering positions Hero Motors to strengthen its balance sheet and fuel expansion amid increasing demand for advanced mobility solutions.