<p>Indian auto parts maker Hero Motors has filed for an initial public offering of up to Rs 1,200 crore ($140.1 million), draft papers showed on Tuesday.</p>.<p>The company will issue fresh shares worth up to Rs 800 crore while its existing shareholders will sell shares worth up to Rs 400 crore, the draft prospectus showed.</p>.<p>Hero Motors, which counts BMW and Ducati as its clients, is led by Pankaj Munjal, who belongs to the Munjal family that runs India's largest two-wheeler maker by volumes, Hero MotoCorp.</p>.Sillverton Industries files IPO papers with Sebi; seeks raising Rs 300 cr via fresh issue.<p>Proceeds from the IPO will be used to trim debt and fund purchase of equipment to expand its facility in India's Uttar Pradesh state, Hero Motors said.</p>.<p>Its full fiscal year 2024 net profit fell 67 per cent on-year, as increased expenses overshadowed a near-1 per cent rise in revenue.</p>.<p>ICICI Securities, JM Financial and DAM Capital are the book running lead managers of the offering.</p>
<p>Indian auto parts maker Hero Motors has filed for an initial public offering of up to Rs 1,200 crore ($140.1 million), draft papers showed on Tuesday.</p>.<p>The company will issue fresh shares worth up to Rs 800 crore while its existing shareholders will sell shares worth up to Rs 400 crore, the draft prospectus showed.</p>.<p>Hero Motors, which counts BMW and Ducati as its clients, is led by Pankaj Munjal, who belongs to the Munjal family that runs India's largest two-wheeler maker by volumes, Hero MotoCorp.</p>.Sillverton Industries files IPO papers with Sebi; seeks raising Rs 300 cr via fresh issue.<p>Proceeds from the IPO will be used to trim debt and fund purchase of equipment to expand its facility in India's Uttar Pradesh state, Hero Motors said.</p>.<p>Its full fiscal year 2024 net profit fell 67 per cent on-year, as increased expenses overshadowed a near-1 per cent rise in revenue.</p>.<p>ICICI Securities, JM Financial and DAM Capital are the book running lead managers of the offering.</p>