Hero Motors fixes IPO price band at Rs 79

Hero Motors fixes IPO price band at Rs 79-84 for Rs 1,000

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.