Hero Future Energies IPO
Hero Future Energies IPO is an upcoming Mainboard IPO. Price band, lot size, IPO dates and final issue details are yet to be updated.
Hero Future Energies IPO Details
Hero Future Energies IPO is an upcoming Mainboard IPO of Hero Future Energies, a renewable energy company associated with the Hero Group. The company develops and operates renewable energy projects across solar and wind power and is expanding into hybrid power, battery energy storage and green hydrogen. The company has an established renewable energy portfolio with operations in India and an international presence. Its FY 2024-25 annual report reported a total portfolio of more than 6.5 GWp along with 2 GWh of battery energy storage capacity. The IPO price band, lot size, opening date, closing date and final issue structure are yet to be updated based on the public information currently available.
Hero Future Energies IPO Timeline (Tentative)
Hero Future Energies IPO timeline will be updated after the official IPO schedule is announced.
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Hero Future Energies IPO Lot Size
The IPO lot size and minimum investment amount are yet to be announced.
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Hero Future Energies IPO Subscription
Hero Future Energies IPO subscription details will be updated once the issue opens for bidding.
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About Hero Future Energies
Hero Future Energies is a renewable energy company and part of the Hero Group. The company develops renewable power projects and provides clean energy solutions for utility and commercial and industrial customers.
Its business includes utility-scale renewable power, commercial and industrial renewable energy solutions, energy storage and emerging clean technologies such as green hydrogen. The company has commissioned wind and solar projects in India and has expanded its international presence.
According to the company's FY 2024-25 annual report, its total portfolio exceeded 6.5 GWp with 2 GWh of battery energy storage capacity. The company generated 3.2 billion units of electricity during FY 2024-25.
Strengths
- Diversified solar and wind renewable energy portfolio.
- Presence across utility-scale and commercial and industrial energy markets.
- Expansion into battery energy storage and green hydrogen.
- International presence across multiple renewable energy markets.
- Backing and institutional investment from established investors.
Risks to Consider
- High finance costs and significant borrowings.
- Renewable energy generation depends on weather and resource conditions.
- Renewable projects are exposed to regulatory and power-market changes.
- International projects may face geopolitical and foreign-exchange risks.
- Final IPO valuation and offer structure are yet to be disclosed.
Hero Future Energies Financials (₹ Cr)
Hero Future Energies reported consolidated revenue from operations of ₹1,470.91 crore in FY 2024-25 compared with ₹1,497.11 crore in FY 2023-24. The company reported a consolidated loss of ₹160.44 crore in FY 2024-25. Total assets increased to ₹12,964.05 crore as of March 31, 2025.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY 2024-25 | 1,470.91 | -160.44 | 12,964.05 | 119.21 |
| FY 2023-24 | 1,497.11 | -28.08 | 10,538.60 | -1,302.13 |
| FY 2022-23 | 1,466.59 | -315.49 | 10,453.07 | -1,441.18 |
KPIs & Valuation
Key valuation and return ratios for Hero Future Energies — including P/E and per-share earnings — to help gauge how the Hero Future Energies IPO is priced.
Objects of the Issue
The final objects of the issue are yet to be updated because the public offer document containing the confirmed utilisation of IPO proceeds is not currently available.
- The company has not yet publicly disclosed the final allocation of the proposed IPO proceeds.
Promoters, Lead Managers & Registrar
The final registrar and confirmed book running lead managers will be updated after the official public issue documents are available.
Promoters
Lead Managers (BRLM)
Hero Future Energies IPO Review
Hero Future Energies operates in the renewable energy sector with a portfolio covering solar, wind, hybrid power, energy storage and emerging clean-energy technologies. The company reported revenue from operations of ₹1,470.91 crore in FY 2024-25 and a consolidated loss for the year of ₹160.44 crore.
The IPO price band, final issue size, valuation and use of proceeds are important details that are still awaited. Investors should review the final RHP and prospectus before assessing the IPO.
How to Apply
Investors can apply for Hero Future Energies IPO through supported online IPO platforms using their UPI ID after the issue opens.
Through UPI
- Open your preferred broker or IPO application platform.
- Select Hero Future Energies IPO.
- Enter the number of lots you want to apply for.
- Enter the required bid price.
- Enter your UPI ID.
- Submit the IPO application.
- Approve the UPI mandate received in your UPI application.
- Ensure sufficient funds are available in the linked bank account.
- Check the IPO application status after submission.
- Check allotment and demat credit after the basis of allotment is finalised.
Prospectus & Documents
The public RHP and prospectus details will be added once the company publishes the official documents.
Last updated Sep 29, 2026.