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InvestmentsIPOHero Future Energies IPO

Hero Future Energies IPO

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Upcoming IPO.

About the Company
Hero Future Energies (HFE), the renewable energy arm of the Hero Group, is a leading global clean energy company with a focus on wind, solar, and battery storage solutions. As part of Hero MotoCorp’s diversification into sustainable sectors, HFE is also advancing strategic initiatives in emerging areas like green hydrogen and e-methanol, reinforcing its role in next-generation energy solutions. With a growing global footprint, the company boasts a portfolio of 7.7 GWp of renewable energy assets (operational or under construction) spread across India, Ukraine, Vietnam, and the UK. HFE’s commitment to innovation and sustainability positions it as a key player driving the transition to clean energy in both domestic and international markets.
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Founded In

2012

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CEO

Srivatsan Iyer

Utilisation of Proceeds

PurposeAmount
Hero Future Energies plans to raise ₹5,000 crore through its IPO. Proceeds will accelerate its ambitious goal of reaching 500 GW renewable energy capacity by 2030, supporting investments in wind, solar, battery storage, and emerging green technologies like hydrogen.-
IPO proceeds will fund cutting-edge innovations including AI-driven grid management, next-generation battery storage, green hydrogen, and e-methanol production. These initiatives aim to position Hero Future Energies as a leader in sustainable energy while enhancing operational efficiency and supporting its global expansion plans.-
A significant portion of proceeds will support regional initiatives, including ₹11,000 crore committed in Karnataka for large-scale renewable energy and green hydrogen projects. These efforts align with state and national clean energy goals, accelerating India’s transition to sustainable power.-
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  • Strong Backing and Strategic Shareholders:: Hero Future Energies benefits from the support of Hero MotoCorp and global investors like KKR and IFC. This robust financial and strategic backing provides the company with significant capital strength, operational expertise, and global partnerships to drive ambitious renewable energy initiatives and sustainable growth.
  • Diversified Renewable Portfolio:: Hero Future Energies has a well-balanced portfolio spanning wind, solar, and battery storage projects. Its strategic foray into green hydrogen and emerging sustainability sectors further diversifies revenue streams and strengthens its position as a future-ready renewable energy leader.
  • Aggressive Growth Path:: Hero Future Energies aims to scale its renewable capacity to 30 GW by 2030. Backed by a ₹11,000 crore commitment in Karnataka, it is accelerating its role in driving India’s energy transition and global clean energy leadership.
  • Diversified International Footprint:: Hero Future Energies operates projects across India, the UK, Ukraine, Vietnam, Bangladesh, and Singapore. This global presence reduces geographic concentration risk, ensures access to multiple energy markets, and strengthens resilience against region-specific regulatory or economic challenges.
  • Green Hydrogen Focus:: An early mover in green hydrogen and e-methanol, Hero Future Energies aligns its strategy with India’s 500 GW clean energy vision and supportive state policies, positioning itself at the forefront of next-generation sustainable energy solutions.
  • Strong Asset Base and Contracts:: A recent Crisil report highlights Hero Future Energies’ diversified asset portfolio and high-quality counterparties. Notably, 43% of its power offtake is secured through long-term agreements with the Solar Energy Corporation of India (SECI), ensuring revenue stability and reducing market volatility risks.
  • Strong Institutional Interest & Top Advisors:: The IPO mandate has been awarded to leading investment banks - JM Financial, Axis Capital, Nomura, and Bank of America, highlighting robust investor confidence. Positive initial feedback from ESG-focused investors further underscores Hero Future Energies’ credibility and appeal in global sustainable finance circles.

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