IPO Watch, July 1 -- Hero Motors has refiled its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs.1,200 crore through an initial public offering (IPO).

Hero Motors provides a wide range of solutions, including design, prototyping, validation, development, and delivery of system-level powertrain solutions for both electric and non-electric powertrains. It is one of the pioneering companies in India to seize the global e-bike powertrain market opportunity, granting it a significant first-mover advantage in this sector.

As of December 31, 2024, the company operated six manufacturing facilities across India, the United Kingdom, and Thailand, strategically positioned to e...