Bookbuilding IPO | ₹3,668 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Hero Fincorp Ltd. on May 22, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Hero Fincorp Ltd. IPO is a Book Build Issue of ₹3,668.13 crores consisting of a fresh issue of shares worth Rs ₹2,100.00 crores and an offer for sale (OFS) of ₹1,568.13 crores.
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Hero Fincorp IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹3,668 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹2,100 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹1,568 Cr) |
| Share Holding Pre Issue | 1,27,30,667 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jul 31, 2024 |
| SEBI/Exchange approval received | Thu, May 22, 2025 |
| 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 |
| 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 | |
| Only employee | Yes | |
| Employee + Shareholder |
|
Yes |
| Employee + Shareholder + RII/NII |
|
Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
| Employee + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
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:
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 53,204.66 | 43,451.23 | 34,399.04 |
| Total Income | 8,359.73 | 6,447.55 | 4,797.51 |
| Profit After Tax | 637.05 | 479.95 | -191.90 |
| 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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmentation of the Company’s Tier – I Capital base to meet the Company’s future capital requirements towards onward lending. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 11.57% |
| Debt/Equity | 8.01 |
| RoNW | 11.05% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 79.55% |
Lead Manager Reports
Hero Fincorp IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹3,668 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Hero Fincorp IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Hero Fincorp IPO using UPI as a payment gateway. Zerodha customers can apply in Hero Fincorp IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hero Fincorp IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hero Fincorp IPO dates are not announced. Please check back again after some time.
Hero Fincorp IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Hero Fincorp IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Hero Fincorp IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Hero Fincorp IPO allotment status.
The Hero Fincorp IPO listing date is not yet announced. The tentative date of listing is .
