Hero Motors IPO Opens September 16, Targets Rs 1,000 Crore

Hero Motors is offering shares to the public through an IPO.

The IPO opens on September 16.

People can apply to buy shares until September 18.

The company hopes to raise Rs 1,000 crore.

Of this amount, Rs 600 crore will come from newly issued shares.

Another Rs 400 crore will come from existing shareholders selling shares.

The IPO uses a book-building process.

The shares are expected to begin trading on the NSE and BSE on September 23.