Hero Motors IPO: ₹79-84 price band targets ₹3,815-crore valuation as EV business grows

The company will use ₹190 crore of the fresh proceeds to repay or prepay borrowings and ₹200 crore to buy equipment for expanding capacity at its UP facilityHero Motors has priced its ₹1,000-crore IPO at ₹79-84 a share, targeting a valuation of about ₹3,815 crore as the Tier-1 automotive component maker, which counts BMW and Ducati among its global customers, raises capital to cut debt and expand powertrain capacity while electric mobility becomes a bigger growth engine