Hero Motors, an automotive company, plans to raise ₹600 crore through a fresh issue towards capital expenditure, repayment of debt, and strategic investments. It will also raise ₹400 crore through an offer for sale. The promoter group's stake will fall to 61.1% after the IPO from 84.7%. It offers integrated powertrain solutions for electric and non-electric vehicles across segments such as two-wheelers, e-bikes, performance automotive, off-road, hybrid and electric cars, heavy-duty vehicles, and electric vertical take-off and landing (eVTOLs). The EV segment's revenue share increased to 23% in FY26 from 12% in FY24. About 41% of the revenue comes from international markets. Nearly 36% of the revenue comes from the top customer and 73% from top 10 clients, signalling customer concentration. Given these factors, investors with high-risk appetite may consider the IPO.