Hero Fincorp IPO is a bookbuilding of ₹3,668.13 crores. The issue is a combination of fresh issue of 2,100.00 crores and offer for sale of ₹1,568.13 crore.
Hero Fincorp IPO dates are yet to be announced. The allotment for the Hero Fincorp IPO is expected to be finalized on [.].
Hero Fincorp IPO price bands are yet to be announced.
Jm Financial Limited is the book-running lead manager of the Hero Fincorp IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.
Hero Fincorp IPO Details
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | [.] shares (aggregating up to ₹3,668.13 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹2,100.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹1,568.13 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,27,30,667 shares |
Hero Fincorp IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Allowed only if bidding amount is upto Rs 2 lakhs | |
| Shareholder + RII/NII |
| Yes for shareholder/RII |
Hero Fincorp IPO DRHP Status
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jul 31, 2024 |
| SEBI/Exchange approval received | Thu, May 22, 2025 |
About Hero Fincorp Ltd.
Incorporated in 1991, Hero Fincorp Limited is a scaled non-banking financial company (NBFC) offering a diversified suite of financial products catered primarily to the growing retail customer segment and the rapidly formalizing MSME customer segment in India.
The company provides retail, MSME, and CIF loans. Retail loans include vehicle, personal, and mortgage loans. Operating under the recognised and long-standing “Hero” brand, the company benefits from the corporate heritage, strong track record, and reputation of its parent and promoter, Hero MotoCorp Limited.
Business Verticals:
- Retail Finance
The company offers the following financial products to retail customers: - Vehicle Loans: Financing for two-wheelers, including scooters and motorcycles from Hero MotoCorp Limited and electric two-wheelers (E2W) from select brands, as well as used car loans for purchasing or refinancing used cars.
- Personal Loans: This includes loans sourced through partner platforms, Hero Instant Personal Loans (HIPL) available via the company's mobile application and website, open market personal loans sourced through channel partners (such as direct selling agents (DSAs)), and loyalty personal loans for existing customers with an established credit history.
- Mortgage Loans: Provided through the company's housing finance subsidiary, these secured loans cater to self-employed and salaried retail customers for purchasing residential property or land, home construction, renovations, or mortgaging existing property for business or personal needs.
- MSME Finance
The company provides financial support to MSME customers through: - Secured Loans: Loans against property and construction finance.
- Unsecured Loans: Business loans and supply chain finance to assist MSMEs in operations, expansion, asset acquisition, and working capital management.
- CIF (Corporate & Institutional Finance)
The company offers secured loans to corporate and institutional customers, including promoters, holding companies, and operating entities of large corporations. A mix of secured and unsecured loans is available.
The company provides unsecured loans in the form of business loans and supply chain finance for MSME customers, as well as unsecured personal loans for retail customers.
As of March 31, 2024, the company's in-house collections team comprises 5,653 employees. This team is supported by approximately 8,313 active field agents from 1,228 outsourced field agencies, outsourced call centres staffed with 545 executives, and 4,257 Hero MotoCorp Limited dealers and sub-dealers.
Company Financials
Hero Fincorp Limited Financial Information (Restated Consolidated)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 53,204.66 | 43,451.23 | 34,399.04 |
| Revenue | 8,359.73 | 6,447.55 | 4,797.51 |
| Profit After Tax | 637.05 | 479.95 | -191.9 |
| Net Worth | 5,765.97 | 5,243.44 | 4,767.52 |
| Reserves and Surplus | 5,638.66 | 5,116.13 | 4,640.21 |
| Total Borrowing | 46,169.48 | 36,627.86 | 28,679.73 |
| Amount in ₹ Crore | |||
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 11.57% |
| Debt/Equity | 8.01 |
| RoNW | 11.05% |
Objects of the Issue (Hero Fincorp IPO Objectives)
The Company Hero Fincorp IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Augmentation of the Company’s Tier – I Capital base to meet the Company’s future capital requirements towards onward lending. |
Hero Fincorp Ltd. Contact Details
Hero Fincorp Ltd.
34, Community Centre, Basant
Lok Vasant Vihar, New Delhi 110 057,
Delhi, India
Delhi, New Delhi, 110057
Phone: +91 011 4946 715
Email: investors@herofincorp.com
Website: http://www.herofincorp.com/
Hero Fincorp IPO Registrar
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: herofincorp.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Hero Fincorp IPO Lead Manager(s)
- Jm Financial Limited (Past IPO Performance)
- Axis Capital Limited (Past IPO Performance)
- Bofa Securities India Limited (Past IPO Performance)
- Hdfc Bank Limited (Past IPO Performance)
- Hsbc Securities & Capital Markets Pvt Ltd (Past IPO Performance)
- ICICI Securities Limited (Past IPO Performance)
- Jefferies India Private Limited (Past IPO Performance)
- SBI Capital Markets Limited (Past IPO Performance)