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Hero Motors IPO GMP today: Grey market premium signals 22% potential listing, check price band, other details

The initial public offering (IPO) of auto parts maker Hero Motors Ltd is now open for subscription. Before this, the company has raised Rs 300 crore from anchor investors. According to the information available on the BSE's website, the company has allotted 3.57 crore equity shares to anchor investors at Rs 84 apiece. The company has set a price band of Rs 79-Rs 84 per share for its Rs 1,000 crore public issue. ICICI Prudential Life Insurance Company Ltd, 3P India Equity Fund 1M, Edelweiss Life Insurance Company Ltd, Societe Generale and ASAS Global Fund Incorporated VCC Sub Fund were among the investors who participated in the anchor round.