Hero Motors raises Rs 300 Cr from anchor investors ahead of IPO

Hero Motors has raised Rs 299.99 crore from anchor investors ahead of its initial public offering (IPO) which opens for public subscription today. In a communication to the exchanges, Hero Motors said it had allocated 57,14,284 equity shares at Rs 84 per share to anchor investors. The automotive technology company has priced its IPO in the range of Rs 79-84 per share.