Invest in Hero FinCorp

Hero FinCorp IPO Details

  • Offer Size: Rs.36,681.34 million
  • Fresh Issue: Rs.21,000.00 million
  • Offer for Sale: Rs.15,681.34 million
  • Face Value: Rs.10 per share
  • Selling Shareholders:
  • AHVF II Holdings: Rs.10,000.00 million
  • APIS Growth II: Rs.2,500.00 million
  • Link Investment Trust: Rs.47.72 million
  • Otter Limited: Rs.3,133.62 million

    • Hero Fincorp's Purpose to file IPO

     
  • Fresh Issue:
  • Augment Tier-I capital for future lending and growth
  • Cover offer expenses
  • Offer for Sale:
  • Proceeds go to the selling shareholders, not to the company

    • Hero Fincorp Business Summary

     
  • Type: Non-Banking Financial Company (NBFC)
  • Established: 1991
  • AUM (as of March 31, 2024): Rs.518,208.11 million
  • Retail loans: 65.08%
    •  
  • MSME loans: 20.80%
  • Customers:
  • Total: 11.80 million
  • Active retail customers: 5.00 million
  • MSME customers: 29,060
  • Parent Company: Hero MotoCorp Limited (41.19% ownership)

    • Products Offered by Hero Fincorp

     
  • Retail Finance:
  • Vehicle Loans: Two-wheeler and used car loans
  • Personal Loans: Sourced through partner platforms and direct selling agents
  • Mortgage Loans: Secured loans for residential properties
    •  
  • MSME Finance:
  • Secured loans (loans against property)
  • Unsecured business loans
  • Corporate & Institutional Finance (CIF): Secured loans for large corporations and promoters
    • ... Read more

    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 DateTo be announced
      Close DateTo be announced
      Allotment Date To be announced
      Initiation of RefundsTo be announced
      Credit of Shares to Demat AccountTo be announced
      Listing DateTo be announced

      Hero FinCorp IPO Lot Size

      Minimum Lot SizeTo be announced
      Maximum Lot SizeTo be announced

      Seize the Opportunity! Apply for Hero FinCorp IPO

      No AMC Charges
      Free Demat Account Opening
      Low DP Charges
      Zero AMC Charges for First Year
      Free Research Advisory
      Low DP Charges (Rs. 10 only)
      Free IPO Report & Advisory

      Hero FinCorp IPO Subscription Breakup

      QIBsTo be announced
      Non Institutional InvestorsTo be announced
      Retail InvestorsTo 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.
      Hero FinCorp IPO - Listing Date, Price, Analysis & More