Hero Motors to raise ₹1,500 cr via IPO, has picked 3 banks: Report

Hero Motors is likely to raise ₹1,500 crore via an IPO, for which the auto component maker has picked three investment banks, The Economic Times reported. ICICI Securities is expected to lead manage the proposed public issue, which the company has been preparing for since the last 18 months. Hero Motors appointed Deloitte Haskins and Sells as its auditor.