Hero Fincorp IPO Details
MAINBOARD
Hero Fincorp IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.
The Lead Managers for Hero Fincorp IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Jefferies India Pvt Ltd, ICICI Securities Ltd, HSBC Securities & Capital Markets Pvt Ltd, HDFC Bank Ltd, Bofa Securities India Ltd, Axis Capital Ltd, Jm Financial Ltd, SBI Capital Markets Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Hero Fincorp Limited DRHP.
Hero Fincorp IPO Details
- Hero Motocorp Ltd
Hero Fincorp IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Hero Fincorp IPO Reservation
Promoter Holding
Documents
Hero Fincorp IPO Valuations
Hero Fincorp Financial Information
| 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 | |||
About Hero Fincorp IPO
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.
Strength Of Hero Fincorp IPO
Risk Of Hero Fincorp IPO
Objectives Hero Fincorp IPO
1. Augmentation of the Company’s Tier – I Capital base to meet the Company’s future capital requirements towards onward lending.
Company Contact Details
Hero Fincorp Limited
34, Community Centre, Basant
Lok Vasant Vihar, New Delhi 110 057,
Delhi, India
Delhi, New Delhi
Phone: +91 011 4946 715
Email: investors@herofincorp.com
Website: http://www.herofincorp.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Hero Fincorp IPO - FAQs
The Hero Fincorp IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹3,668.13 Cr. The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.