Hero Motors Readies ₹1,000 Crore Market Debut, IPO Price Band Fixed At ₹79-84
New Delhi: Auto components maker Hero Motors Ltd has fixed a price band of ₹79-84 per equity share for its ₹1,000 crore initial public offering, as the automotive technology company prepares to enter Dalal Street . The Hero Motors IPO will open for subscription on September 16 and close on September 18. The company is expected to make its stock market debut on September 23. ₹600 Crore Fresh Issue…
Hero Motors Ltd, an auto components maker, is set to make its stock market debut with a ₹1,000 crore initial public offering (IPO) priced between ₹79-84 per equity share. The IPO, which will open for subscription on September 16 and close on September 18, is expected to debut on the market on September 23. The IPO comprises a fresh issue of up to ₹600 crore and an offer for sale (OFS) of up to ₹400 crore by existing promoters.
The proceeds from the IPO will be utilized for various purposes, including repayment of borrowings, equipment purchases for capacity expansion, potential acquisitions, and general corporate requirements.
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- Hero Motors fixes IPO price band at Rs 79-84 for Rs 1,000-crore issue. Know important dates, other details economictimes.indiatimes.com
