Hero Fincorp IPO Details
Hero Fincorp Ltd filed its draft red herring prospectus with SEBI on 31 Jul 2024 and Sebi Approval received on 22 May 2025 for an issue of about ₹3,668.13 Cr. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- SEBI Approved
- DRHP filed
- 31 Jul 2024
- SEBI Approval
- 22 May 2025
- Issue size
- ₹3,668.13 Cr
- Board
- Mainboard
- Price band
- TBA
Hero Fincorp IPO status
Hero Fincorp Ltd filed its draft red herring prospectus (DRHP) with SEBI on and SEBI Approval received on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 31 Jul 2024 |
|---|---|
| Days since filing | 825 |
| SEBI observation | 22 May 2025 |
| Price band | TBA |
| Issue dates | TBA |
Hero Fincorp Ltd financials
Between 31 Mar 2023 and 31 Mar 2024, Income rose from ₹6,447.55 Cr to ₹8,359.73 Cr, and profit after tax rose from ₹479.95 Cr to ₹637.05 Cr. The PAT margin for 31 Mar 2024 was 7.62%.
| 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 |
| Reserve & Surplus | 5,638.66 | 5,116.13 | 4,640.21 |
| Total Borrowings | 46,169.48 | 36,627.86 | 28,679.73 |
₹ in crore, as stated in the prospectus.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Augmentation of the Company’s Tier – I Capital base to meet the Company’s future capital requirements towards onward lending. |
About Hero Fincorp Ltd
Incorporated on December 16, 1991, as Hero Honda Finlease Limited under the Companies Act, 1956, Hero FinCorp Limited is a non-banking financial company (NBFC) engaged in providing diversified financial services in India. The Company commenced operations on January 13, 1992, and subsequently changed its name to Hero FinCorp Limited on July 26, 2011.
The Company is a wholly owned subsidiary of Hero MotoCorp Limited and is registered with the Reserve Bank of India (RBI) as a non-deposit-taking NBFC. It offers a diversified portfolio of financial products, including retail financing, two-wheeler loans, personal loans, used car financing, MSME financing, corporate lending, working capital loans, term loans, bill discounting and mortgage loans.
Hero FinCorp operates through its retail finance, MSME finance and corporate lending businesses, catering to individuals, entrepreneurs and businesses across India. As of March 31, 2024, the Company had 4,469 on-roll employees.
The Company also operates through its subsidiary, Hero Housing Finance Limited, which is registered as a housing finance company.
Promoters
Hero MotoCorp Limited
Bahadur Chand Investments Private Limited
Hero Investcorp Private Limited
Brijmohan Lal Om Parkash (Partnership Firm)
Dr. Pawan Munjal
Renu Munjal
Suman Kant Munjal
Renuka Munjal
Abhimanyu Munjal
Contact details
Hero Fincorp Limited
34, Community Centre, Basant
Lok Vasant Vihar, New Delhi
110 057, Delhi, India
Phone: +91 011 4946 715
Email: investors@herofincorp.com
Website: https://www.herofincorp.com/
Hero Fincorp IPO FAQs
- Has Hero Fincorp IPO filed for an IPO?
- Hero Fincorp Ltd filed its draft red herring prospectus (DRHP) with SEBI on 31 Jul 2024.
- When will the Hero Fincorp IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Hero Fincorp IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
- What is the Hero Fincorp IPO size?
- The DRHP proposes an issue of about ₹3,668.13 Crore. The final size can change in the RHP.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.