Hero Motors Secures ₹300 Crore From Anchor Investors Ahead Of IPO

16 Sept 2026, 3:45 pm · 4h ago · 1 min read · YourStory

Amount

₹300 Cr

Stage

Anchor

Automotive technology company Hero Motors has raised ₹299.99 crore from institutional anchor investors ahead of its initial public offering opening on September 16, 2026. The company allocated 5,714,284 equity shares at ₹84 per share, the upper end of its ₹79 to ₹84 price band. Key institutional investors participating in the anchor allocation include ICICI Prudential Life Insurance, 3P India Equity Fund 1M, Edelweiss Life Insurance Company, Societe Generale – ODI, and ASAS Global Fund Incorporated VCC Sub Fund. The capital raise sets the stage for the company's public market debut.