CAM, S&R Associates, Hogan Lovells Cadwalader advised on Hero Motocorp’s ₹1000 crore IPO. Hero is an automotive technology company engaged in designing, manufacturing and supplying highly engineered powertrain solutions to global automotive OEMs.

The Offer consisted of a fresh issue of 71,428,571 Equity Shares aggregating to ₹6,000 million and an offer for sale of 47,619,047 Equity Shares aggregating to ₹4,000 million, which included an offer for sale of 47,023,80 Equity Shares aggregating to ₹3,950 million by O P Munjal Holdings Limited (Promoter Selling Shareholder) and 595,238 Equity Shares aggregating to ₹50 million by Hero Cycles Limited (Promoter Selling Shareholder) (collectively the “Selling Shareholders”).

Cyril Amarchand Mangaldas advised Hero Motors Limited, as the Indian legal counsel to the Company on its initial public offering of equity shares of face value of ₹10 each of the Company aggregating to ₹10,000 million (1000 crore).

The Firm also advised the Selling Shareholders namely, O P Munjal Holdings Limited and Hero Cycles Limited on their participation in the offer for sale component of the Offer.

The book running lead managers to the Offer were ICICI Securities Limited, DAM Capital Limited, and JM Financial Limited (BRLMs).

The transaction was led by Vishal Yaduvanshi, Partner – (regional co‑head ‑ capital markets ‑ north), Partner Amitpal Singh, with support from Principal Associate Mihir Mathur, Senior Associate Aditya Singh along with Associates Prakhar Jain, Ritvik Maheshwari, Shvabh Chakarwari, and Abhirup Manna.

S&R Associates represented ICICI Securities, DAM Capital and JM Financial, book running lead managers, in the INR 10 billion initial public offering by Hero Motors Limited.

The S&R team was led by partners Juhi Singh and Shiv Bhargava, and included associates Anmol Kanodia, Abhishek Gupta, Ishika Patnaik, Vasundhara Gupta and Sahsransh Pandey.

Global law firm Hogan Lovells advised as the US counsel to the book running lead managers (BRLMs) on the proposed initial public offering (IPO) of Hero Motors Limited.

The Hogan Lovells Capital Markets team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Kaustubh George, Varun Jetly, Aditya Rajput, Suchisubhra Sarkar, Jayant Bhardwaj, Aditya Dsouza, Sanjana Ravjiani, Komal Israni, and Purva Mishra.