Mumbai: Hero Motors Limited, which is one of India’s leading automotive technology companies engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions catering to automotive original equipment manufacturers (OEMs) in United States, Europe, India and ASEAN region, has garnered Rs 299.99 crore from anchor investors ahead of its initial public offering, which opens for public subscription on 16 September, 2026.

The company informed the bourses that it allocated 3,57,14,284 equity shares at Rs 84 per share to anchor investors.

Some of the marquee institutions that participated in the anchor include ICICI Prudential Life Insurance Company Limited, 3P India Equity Fund 1M, Edelweiss Life Insurance Company Limited, Societe Generale – ODI, and ASAS Global Fund Incorporated VCC Sub Fund, amongst others.

Amongst equity-oriented schemes, the company has allocated shares to ICICI Prudential Smallcap Fund, Kotak Mahindra Trustee Co Ltd A/C Kotak MNC Fund and JM Financial Mutual Fund – JM Flexi Cap Fund, amongst others.

Out of the total allocation of 3,57,14,284 equity shares to the anchor investors, 2,91,64,441 were allocated to 7 domestic mutual funds through 16 schemes.

ICICI Securities Limited, DAM Capital Advisors Limited, and JM Financial Limited are the book-running lead manager, and KFin Technologies Limited is the registrar of the offer.

The equity shares are proposed to be listed on the NSE and BSE Limited.