243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Hero FinCorp Limited

New Delhi

Date of DRHP : 31 Jul 2024

Issue Type : Book building Process

IPO Type :
MainBoard IPO

Hero FinCorp Basic Details

   Banking and Finance

Sub Sector: Provide Banking sercvices

About the Company

Hero FinCorp is a scaled NBFC offering a diversified suite of financial products catered primarily to the growing retail customer segment and the rapidly formalising MSME customer segment in India. Hero FinCorp offer retail, MSME and CIF loans. Company's retail loans include vehicle, personal and mortgage loans. Hero FinCorp had AUM of ?518,208.11 million as at March 31, 2024, of which Company's retail and MSME loan verticals contributed 65.08% and 20.80%, respectively. Since Company's inception in 1991, Hero FinCorp have grown Company's customer base to 11.80 million customers, which included 5.00 million active retail customers, and 29,060 active MSME customers and 360 active CIF customers, as at March 31, 2024.Hero FinCorp operate under the recognised and long-standing “Hero” brand, and benefit from the long-standing corporate heritage, strong track-record and reputation of Company's parent and promoter, Hero MotoCorp Limited.Hero MotoCorp Limited was the largest two-wheeler manufacturer in India in terms of domestic unit sales of two-wheeler in Fiscal 2024, according to the CRISIL Report, with a sales volume of 5.4 million units in Fiscal 2024. Hero MotoCorp Limited holds a 41.19% share in Company's Company and has investeda total of ?14,690.40 millionin equity capital and ?7,000 million in compulsorily convertible preference shares (“CCPS”) of Company's Company since Company's inception in 1991, as at March 31, 2024. Since its inception, Hero MotoCorp Limited has sold a total of 115 million two-wheelers as at March 31, 2024. Hero FinCorp leverage Hero MotoCorp Limited’s extensive two-wheeler distribution network in India, covering 4,257 dealer touchpoints comprising 1,272 dealers and 2,985 sub-dealers (excluding Hero MotorCorp Ltd.’s authorised mechanics and service centres), as at March 31, 2024, to distribute Company's two-wheelerloans

Financial Summary (Annualised Basis)

Revenue :
8359.73 Cr.

PAT :
637.05 Cr.

Hero FinCorp DRHP Details

Objects of issue

  • Offer for sale

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FAQs

Hero FinCorp operates in Banking and Finance and Provide Banking sercvices. The Issue would be listed on MainBoard. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Hero FinCorp is Book building Process and Object of issue is

  • Offer for sale

The DRHP (Draft Red Herring Prospectus) of Hero FinCorp IPO was filed on 31 Jul 2024.

No, Hero FinCorp IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Hero FinCorp are not available now. You can apply in Hero FinCorp IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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