Last updated on November 17th, 2025 at 08:48 am
| Check Hero Fincorp DRHP filing with SEBI. | Check Hero Fincorp IPO allotment status |
The issue size for the IPO is ₹ 3668.13 Cr. With Fresh Issue of ₹2,100 crore and Offer for Sale of ₹1,568 crore.
Hero FinCorp is a diversified NBFC offering loan to various segments like Retail lending (Two wheeler loans, personal loans, car finances & mortgages), MSME lending ( Working capital loans, business financing, loan against property, construction & supply finance).
It also provides loan to Corporate & Institutional finance.
Subscription date for Hero Fincorp is yet to be announced. The price band and lot size is also yet to be confirmed.
It has already raised ₹260 crore in Pre-IPO fundraising giving boost to other investor’s confidence.
Revenue , PAT, EBITDA of Hero Fincorp
| Year | 2024 |
| Networth | ₹5,766.0 cr |
| Revenue: | ₹8,359.7 cr |
| EBITDA | ₹4,123.9 cr |
| PAT | ₹637.05 cr |
| EBITDA Margin: | ~49.3% |
| PAT Margin | ~7.6% |
Hero Fincorp Ltd Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Borrowings (₹ Cr) | Net Worth (₹ Cr) |
| 2022 | ₹ 4,739 | ₹ -192 | ₹ 34,399 | ₹ 28,680 | ₹ 4,770 |
| 2023 | ₹ 6,402 | ₹ 480 | ₹ 43,451 | ₹ 35,840 | ₹ 5,248 |
| 2024 | ₹ 8,291 | ₹ 637 | ₹ 53,205 | ₹ 40,783 | ₹ 5,772 |
Hero Fincorp Grey market premium
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 21-Nov | – | – | – | – | – |
| 20-Nov | – | – | – | – | – |
| 19-Nov | – | – | – | – | – |
| 18-Nov | – | – | – | – | – |
| 17-Nov | – | – | – | – | – |
Core Offerings & Store/Plant location
Founded in 1991 (Hero Honda Finlease Limited). Rebranded in 2011 as Hero Fincorp Limited after restructuring.
Mr. Abhimanyu Munjal (Managing Director & CEO)
Hero FinCorp’s core offerings include retail loans (two-wheeler, personal, used car, mortgages), MSME financing (working capital, business loans, LAP, supply chain finance), and corporate & institutional lending.
Hero Fincorp operates through 2,000+ retail touchpoints, It’s dealer network, digital platforms, and branches across 1,900+ cities and 18,600+ PIN codes in India.
Hero Fincorp IPO Strengths & Risks
Strengths
* Backed by Hero MotoCorp brand, which enables easy access to customers through dealer network.
* Diversified loan portfolio across retail, MSMEs, and corporates; cross-sell ratio improving (product per customer from 3.1 to 4.25) .
* Large presence across PAN India in 18603 pin codes aided by Physical & digital channels.
* Solid credit ratings: AA+/Stable (CRISIL, ICRA, CARE), A1+ for commercial paper.
* Capital adequacy ratio (CAR) strong at ~16.3% (FY24) vs regulatory minimum of 15%.
* Global investors like Apollo have participated with $125M in 2022 , in 2016, ChrysCapital & Credit Suisse invested ₹1,000 crore.
* Pre-IPO fundraising of ₹260 crore shows investor confidence.
Risks:
* Profitability squeezed in FY25 due to heightened impairments and credit costs.
* Stiff competition from various entities Bajaj Finance, Cholamandalam, Poonawalla, Sundaram, and other emerging fintechs.
* Customer expectation for transparent, personalized services remains high; digital fatigue could be a risk.
* Risk of being an NBFC, it is exposed to systemic risks like rising NPAs, RBI regulations, and liquidity shocks.
* Uneven profit margin and PAT
* ~85% of AUM accounted in year 2024 is segregated (retail finance including vehicle, personal, mortgage, and MSME loans) in 2024, any downturn, increase in default rate may impact adversely.
Hero Fincorp: IPO date & invest detail
| IPO Open Date: | 01 September 2025 |
| IPO Close Date: | – |
| Anchor Investor Bidding | – |
| IPO Allotment Date: | – |
| Refunds & Demat Credit | – |
| Tentative Listing Date: | – |
| IPO Category | ENTERPRISE |
| Symbol | – |
| Face Value: | Rs.10 per Equity Share |
| Issue Size: | ~ ₹ 3668.13 Cr |
| Lot Size: | – |
Hero Fincorp Composition & Proceeds
| Fresh Issue: | ~₹2,140 crore |
| Offer for Sale: | ₹1,568 crore |
| Employee reservation | – |
| Price Range | – |
| Debt Repayment | – |
| Working Capital | ~₹ 2100 Crore (Tier 1 city capital base) |
| Facility Expansion | – |
| General corporate purpose | – |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≤ 50% |
| NII Quota: | ≥ 15% |
Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | – |
| Retail (Max) | – | 13 | – | – |
| Small HNI (Min) | – | 14 | – | – |
| Small HNI (Max) | – | 66 | – | – |
| Big HNI (Min) | – | 67 | – | – |
Promoters – Pre offer equity (Approx)
| Hero MotoCorp Limited | ~39.56% |
| Bahadur Chand Investments Private Limited | ~15.72% |
| Brijmohan Lal Om Parkash (Partnership Firm) | ~8.24% |
| Hero InvestCorp Private Limited | ~2.08% |
Hero Fincorp FAQ
What is the core business of Hero FinCorp?
Hero FinCorp is a fast-growing NBFC providing retail, SME, and corporate financing solutions, and is part of the Hero Group.
2. When is the Hero FinCorp IPO expected?
The company has filed DRHP for an IPO, but the official dates will be confirmed only after the company files its updated RHP with SEBI. Though as per rumors we can expect this in Dec’25.
3. What is the IPO size of Hero FinCorp?
The IPO size of Hero Fincorp is ₹ 3668.13 Cr with Fresh Issue of ₹2,100 crore and Offer for Sale of ₹1,568 crore
4. What will be the price band of the Hero FinCorp IPO?
The price band is yet to be announced.
6. Who are the promoters of Hero FinCorp?
The company is promoted by the Hero Group, primarily Hero MotoCorp promoters. Please read above article to get all details.
7. What is the use of the proceeds from the IPO?
The proceeds of ~₹ 2100 Crore will be used for expansion in Tier 1 city capital base.
8. How can I apply for the Hero FinCorp IPO?
You can apply through your broker using UPI, net banking (ASBA), or the official IPO app/platform when the issue opens.
9. Who is the Registrar for the Hero FinCorp IPO?
MUFG (Link Intime India Private Limited) is the registrar of Hero Fincorp IPO.
To visit official website of Hero Fincorp click here
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