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.

Sept 10 : Indian auto parts maker Hero Motors has set a price band of 79 rupees to 84 rupees ($0.8307-$0.8833) per share for its initial public offering that kicks off next week,…

Hero Motors has set its IPO price band at ₹79-84 per share. The $105 million issue opens September 16, with anchor bidding on September 15.