Hero Motors raises Rs 299.99 crore from anchor investors before IPO

Hero Motors IPO opens for subscription on September 16 after the company raised Rs 299.99 crore from anchor investors. The Rs 79 to Rs 84 price band values the minimum retail application at Rs 14,952 for one lot of 178 shares.

Hero Motors Limited has raised Rs 299.99 crore from anchor investors ahead of its initial public offering, which opens for subscription on September 16, 2026. The automotive technology company allotted 3.57 crore equity shares to anchor investors at Rs 84 per share, the upper end of its IPO price band.

The anchor list includes ICICI Prudential Life Insurance Company, 3P India Equity Fund 1M, Edelweiss Life Insurance Company, Societe Generale ODI and ASAS Global Fund Incorporated VCC Sub Fund. Mutual fund participation was sizeable too. Seven domestic mutual funds, through 16 schemes,........

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