Archive · 1 Jul 2025
Hero Motors and Tenneco Clean Air India Plan IPOs
Two companies are entering the stock market.
Hero Motors wants to sell shares to get money for paying debts, expanding its factories, and buying other companies.
They are trying to raise Rs 1,200 crore.
Tenneco Clean Air India will be selling shares owned by its parent company to raise Rs 3,000 crore, with the money going to the parent company.
Investors can buy shares when the companies publicly offer them, allowing the companies to achieve financial goals.
Hero Motors refiled its DRHP to raise Rs 1,200 crore through an IPO.
Tenneco Clean Air India plans an OFS of Rs 3,000 crore.
Hero Motors' IPO includes a fresh issue of up to Rs 800 crore and OFS of Rs 400 crore.
Proceeds from Hero Motors IPO will fund debt repayment, expansion, and acquisitions.
Tenneco Clean Air India's OFS will see proceeds going to the promoter, Tenneco Mauritius Holdings.
- Who
- Hero Motors and Tenneco Clean Air India, an automotive technology company and an Indian arm of Tenneco Group respectively.
- What
- Hero Motors and Tenneco Clean Air India are planning IPOs and OFS respectively.
- When
- Hero Motors refiled its draft papers recently. Tenneco Clean Air India filed its DRHP.
- Where
- Hero Motors facilities are located in India, the UK, and Thailand. Tenneco operates in India.
- Why
- Hero Motors is raising funds for debt repayment, capital expenditure and acquisitions, while Tenneco Mauritius Holdings is selling shares through OFS.
- Companies
- Hero Motors and Tenneco Clean Air India
- Hero Motors IPO Size
- Rs 1,200 crore
- Tenneco OFS Size
- Rs 3,000 crore
- Hero Motors Use of Proceeds
- Debt repayment, facility expansion, acquisitions
- Tenneco Proceeds Recipient
- Tenneco Mauritius Holdings
- Hero Motors Lead Managers
- ICICI Securities, DAM Capital Advisors, JM Financial
- Tenneco Lead Managers
- JM Financial, Citigroup Global Markets India, Axis Capital, HSBC Securities
Sources
German Green Steel files draft papers with Sebi for Rs 450 crore IPO
Hero Motors IPO: South Asia Growth Invest-backed auto component major refiles DRHP to raise Rs 1,200 crore
Hero Motors refiles DRHP with Sebi to launch Rs 1,200 crore IPO
Tenneco Clean Air India files DRHP with Sebi to launch Rs 3,000 crore IPO
Tenneco Clean Air India IPO: Rs 3,000 crore OFS to hit Indian markets – What investors need to know