
The Valuation School
January 29, 2025 at 07:01 AM
*Hero Future Energies Plans IPO*
*By The Valuation School*
Hero Future Energies (HFE), backed by the Munjal family, known for their automobile business, is planning to list HFE shares through an Initial Public Offering (IPO). The company aims to raise ₹3,500 crore and is in talks with investment banks for the process.
While the Munjal family remains the controlling shareholder, two external investors, KKR and International Finance Corporation (IFC), might sell part of their stake in the IPO.
*Expanding Global Presence*
HFE operates 5.2 gigawatts (GW) of renewable energy projects, with 1.8 GW already functional in seven Indian states, including Rajasthan, Maharashtra, Karnataka, and Tamil Nadu. While most of its assets are in India, it has expanded to the UK, Ukraine, Singapore, Vietnam, and Bangladesh. The UK serves as its official headquarters.
*Power Supply and Customers*
Around 43% of the company’s power is supplied to the Solar Energy Corporation of India (SECI), while the rest is sold directly to state electricity boards and private companies, including Hero Group.
*What’s Next?*
HFE plans to invest $20 billion in renewable energy projects by 2030. The focus will be on increasing solar and wind energy capacity and improving battery storage technology.
The company is finalizing underwriters for the IPO. Once approved, this public listing could strengthen HFE’s position in the renewable energy sector and attract more investment.
*Acha laga, react & share karo & follow our social media for more updates & financial content:*
✅ WhatsApp Channel: https://t.ly/BJTRY
✅ Youtube: https://t.ly/lJqST
✅ Newsletter: https://t.ly/L2vK2
✅ Instagram: https://t.ly/SLIX4
✅ LinkedIn (Parth Sir): https://t.ly/mN4yj
✅ LinkedIn (The Valuation School): https://t.ly/Hbeh0
❤️
👍
🙏
13