The growth of Indian has created an Aspiring India (term coined in the CRISIL Report), which is expected to grow to 181.00 million by 2030. This has led to the growth in personal loans, backed by growing consumer demands and a credit gap of ₹103.00 trillion in the MSME sector as of 31 March 2024.
Amidst these growth trends, the NBFC sector is expecting significant transactions. Moreover, a popular NBFC, called Hero FinCorp, is gearing up to launch its IPO.
Several renowned entities will manage the IPO, as shown in the table below, while Link Intime India Private Limited, now known as MUFG Intime India Private Limited, is its registrar. Click here to check the Hero FinCorp IPO allotment status.
To decode the Hero FinCorp IPO details further, visit its DRHP.
Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.
Before hitting the apply button for the Hero FinCorp IPO, here are the highlights of everything you must know, including the Hero FinCorp IPO date and price.
The Hero FinCorp DRHP has not disclosed the IPO release date. The RHP, when filed, might reveal information regarding this. The table shows the filing dates.
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Now, let’s decode the intrinsic strengths and cautionary signals of the Hero FinCorp IPO.
Strengths
Diversified product portfolio targeted towards a growing market.
Strong brand recall of the Hero group.
Network across metro, urban, semi-urban and rural areas.
Maintaining a tech focus.
Prudent risk management through analytics, underwriting and much more.
Risks
99.04% two-wheeler loans sourced from Hero MotoCorp.
An increase in defaults and NPAs may impact business.
New to credit borrowers were 26.55% in 2024.
Retail and MSME credit constitute 85.88%.
Some promoters are subjected to regulatory proceedings.
The Hero FinCorp IPO GMP is unavailable at the moment. To stay updated with the latest GMP movement, as soon as it hits the grey market, click here. However, grey market movement is not enough to efficiently analyse the IPO and the Hero FinCorp pre- IPO price; don’t forget to perform due diligence before investing.
Stay tuned with the live subscription status before hitting APPLY.
Is Hero FinCorp IPO coming?
Yes, Hero FinCorp has filed its DRHP with SEBI and the IPO is expected to go live soon. However, the dates aren’t released yet. Click here to stay tuned with the live subscription status.
What is the IPO listing date?
The Hero FinCorp IPO date is not disclosed yet. Once the RHP gets listed, we can expect more information on the IPO timeline. Visit FinnPick to get all the latest news regarding the IPO.
Who is the parent company of Hero FinCorp IPO?
The parent firm of Hero FinCorp is Hero MotoCorp, which has a large dealer network throughout India. FinCorp, like its parent company operates under the "Hero" name. Hero Fincorp uses a digital platform to handle loans and acquire new customers.
What is the pre-IPO round of Hero FinCorp?
Hero Fincorp collected ₹260 crore in the first pre-IPO deal by distributing 18.57 lakh shares to 12 investors, including Virender Uppal, Paramount Products, Shahi Exports, A P Properties, Yugul Chit Fund, and Tiger Laser.
Is Hero FinCorp DRHP filed?
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