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Hero FinCorp IPO: The financial services arm of major two-wheeler automobile firm Hero MotoCorp on Wednesday, May 28, 2025, received approval from markets regulator SEBI to launch its Rs 3,668 crore initial public offering (IPO).
Hero FinCorp IPO: Issue size
The proposed IPO comprises a fresh issuance of equity shares worth Rs 2,100 crore and an Offer for Sale (OFS) worth Rs 1,568 crore by existing investors, according to the company’s Draft Red Herring Prospectus (DRHP).
Utilisation of proceeds
According to the DRHP, the proceeds from the fresh issue will primarily be used to bolster the company’s capital base. The NBFC company had initially filed its draft IPO papers with SEBI in August 2023 and received the regulator’s observations on May 22, 2025.
Who are BRLMs
The IPO is being managed by major book-running lead managers like JM Financial, BofA Securities India, HSBC Securities and Capital Markets India, ICICI Securities, Jefferies India, and SBI Capital Markets.
The investors divesting their stake through the OFS include AHVF II Holdings Singapore II Pte, Apis Growth II (Hibiscus) Pte, Link Investment Trust, and Otter.
What does Hero FinCorp do?
Hero FinCorp operates as a non-banking financial company (NBFC) with a wide range of financial products tailored largely to the needs of retail customers as well as micro, small, and medium enterprises (MSMEs) across the nation.
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