The issue size for the IPO is ₹ 3668.13 Cr. With Fresh Issue of ₹1,790 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 |
| 01-Sep | – | – | – | – | – |
| 31-Aug | – | – | – | – | – |
| 30-Aug | – | – | – | – | – |
| 29-Aug | – | – | – | – | – |
| 28-Aug | – | – | – | – | – |
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: | ~₹1,840 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% |
To visit official website of Hero Fincorp click here
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