hero Fincorp, the financial services unit of two-wheeler maker hero MotoCorp, is ready to enter the stock market. The company is coming up with an IPO of Rs 3,668 crore. news agency PTI gave this information on Thursday. The company has also got approval for the IPO from the Securities and Exchange Board of india (SEBI).
SEBI gives green signal for IPO on May 22
According to the draft red herring prospectus issued by SEBI, the hero Fincorp IPO will have a fresh issue of Rs 2,100 crore and an offer for sale (OFS) of Rs 1,568 crore. In this proposed IPO of hero Fincorp, the existing shareholders of the company like AHVF II Holdings Singapore, Apis Growth II (Hibiscus), Link Investment Trust and Otter Limited will sell their stake through the OFS window. According to a PTI report, hero Fincorp filed documents for an IPO with SEBI in august 2024. On May 22, 2025, SEBI formally approved it.
Funds will be used for this work
The company will use the money raised from the IPO to increase its capital so that the loan business can expand and capital requirements can be met. hero Fincorp is a non-banking financial company (NBFC) that provides loans and financial services to the retail, micro, small and medium enterprise (MSME) sector in the country.
JM Financial Limited, BofA Securities india Limited, HSBC Securities and capital Markets (India) Private Limited, ICICI Securities Limited, Jefferies india Private Limited and sbi capital Markets Limited are the book running lead managers of the IPO. The company's equity shares are likely to be listed on BSE and NSE.
hero Fincorp has so many customers right now
The company's asset under management (AUM) is Rs 51,821 crore. Out of this, the retail segment contributes 65 percent and the MSME loan vertical contributes about 21 percent. hero Fincorp was established in 1991, since then its customer base has grown to 1.18 crore..jpg)
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