Hero Motors Fixes IPO Price Band at Rs 79-84 for Rs 1,000-Crore Issue. Know Important Dates, Other Details

Hero Motors IPO to open for subscription on September 16, price band fixed at Rs 79-84: Details

Hereo Motors will use the proceeds from the fresh issue to strengthen its business. It will use about Rs 190 crore to repay or prepay debt. Additionally, the company will use about Rs 200 crore to purchase equipment to expand capacity.

Hero Motors IPO: Price band set at ₹79-84 per share; check key dates, issue details

Hero Motors IPO will be available for subscription from 16 to 18 September, with shares priced between ₹79 and ₹84. The allocation includes 50% for QIBs and 35% for retail investors. Share listing is expected on 23 September.

Hero Motors fixes IPO price band at Rs 79-84 for Rs 1,000-crore issue. Know important dates, other details

Hero Motors has announced an initial public offering (IPO) price range between Rs 79 and Rs 84, set to open for subscription on Wednesday, September 16. Anchor investors have the opportunity to place their bids a day prior to the public offering. The funds generated through the IPO are earmarked for reducing debt and expanding facilities. The company's stock market debut is slated for September 23.

Hero Motors IPO price band set at ₹79-84 per share

The auto parts maker will tap public markets next week, with proceeds earmarked for debt reduction and equipment purchases to expand operations

Hero Motors targets $401 million valuation in India IPO

Indian auto parts maker Hero Motors has set a price band of 79 ​rupees to 84 rupees ($0.8307-$0.8833) per share for ‌its initial public offering that kicks off next week, a public filing showed early on Thursday.