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Hero FinCorp IPO
Hero FinCorp Limited
Hero FinCorp IPO Details
Hero Fincorp's Purpose to file IPO
Hero Fincorp Business Summary
Products Offered by Hero Fincorp
Hero Fincorp Strengths
- Profitability: Hero FinCorp experienced a notable recovery in fiscal year 2023, reporting a profit of Rs.457.33 crore compared to a loss of Rs.195 crore in the prior year.
- Revenue Growth: The company's total revenue reached Rs.6,003.77 crore in FY23, marking a 35% year-over-year increase.
- Improved Asset Quality: The company achieved better asset quality, with gross non-performing assets (NPAs) dropping to 5.38% from 7.94%, and net NPAs improving to 2.79% from 4.63%.
- Stock Performance: Hero MotoCorp’s stock demonstrated strength, increasing 13% in May and showing a 26% year-to-date rise.
- Expansion Strategy: Hero FinCorp is on track to reach $10 billion in assets and serve over 15 million customers by FY25. This ambitious growth plan is backed by its solid financial performance and strategic efforts, with operations spanning over 4,000 cities and towns in India.
- Brand Recognition: As part of the Hero Group, a prominent and trusted Indian business conglomerate, Hero FinCorp benefits from strong brand recognition.
- Experienced Leadership: The company is led by a team of seasoned professionals with extensive experience in the financial services sector, contributing to its success.
Hero FinCorp Revenue & Profit
Revenue
Profit
Loss
All value in ₹ To be announced
10
8
6
4
2
0
Hero FinCorp IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Hero FinCorp IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Hero FinCorp IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Hero FinCorp IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Hero FinCorp IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Hero Fincorp IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Hero Fincorp IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.
Hero FinCorp IPO FAQs
No. Hero FinCorp is not listed on the stock market. The company has filed the DRHP for IPO with SEBI.
Hero FinCorp arm to raise around Rs.3700 crore via IPO.
The IPO open date is yet to be announced.