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Hero Motors secures Rs 300 crore from anchors ahead of Rs 1,000 crore IPO
Hero Motors raised nearly Rs 300 crore from anchor investors before its Rs 1,000 crore IPO. Fresh proceeds include Rs 200 crore for equipment-led capacity expansion at its Gautam Buddha Nagar facility and Rs 190 crore for debt repayment.
- Fresh issue, part of the ₹1,000 crore IPOup to ₹600 crore
- Offer for sale, part of the ₹1,000 crore IPOup to ₹400 crore
Reported figures
From the report. Source details below
| 3.57 crore equity shares allotted at | Rs 84 each |
|---|---|
| IPO price band: | Rs 79-84 per share |
| Fresh issue: | up to Rs 600 crore |
| Offer for sale: | up to Rs 400 crore |
| IPO subscription: | September 16-18 |
| Expected listing: | September 23 |