Economy

Hero Motors Targets $401 Million Valuation in Upcoming IPO

Reuters1h
THE BRIEF
1

Auto-parts manufacturer Hero Motors has set a price band of ₹79-84 per share for its ₹1,000-crore IPO, targeting a $401 million valuation.

2

The subscription window for the public issue is scheduled to open on September 16, 2026, attracting significant investor interest.

3

Proceeds from the IPO will be utilized for debt reduction and expansion of manufacturing capabilities to meet rising domestic demand.