Hero Motors refiled its Draft Red Herring Prospectus with SEBI, increasing its IPO size to ₹1,200 crore from ₹900 crore proposed in August 2024. The IPO comprises fresh issue of up to ₹800 crore and offer for sale of up to ₹400 crore by promoters. The company will use ₹285 crore from fresh issue to repay or prepay outstanding borrowings.