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Hero Fincorp Limited

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Offer Period :

Hero FinCorp, an associate of Hero MotoCorp, is an Indian NBFC offering consumer and commercial finance. It provides two-wheeler financing, customer top-up loans, Read more...and loans against property, alongside working capital and machinery loans for Indian corporatesRead less

Hero Fincorp Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 per share
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

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IPO Starts

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IPO Ends

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Allotment Date

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Initiation of Refund

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Credit of Shares to Demat Account

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IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 0 0

Hero Fincorp Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Hero Fincorp Limited IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 22 4918 6000
Email Id herofincorp.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Hero Fincorp Limited IPO Lead Manager

1. JM Financial Ltd

2. Axis Capital Ltd

3. BofA Securities India Ltd

4. HDFC Bank Ltd

5. HSBC Securities and Capital Markets (India) P Ltd

6. ICICI Securities Ltd

7. Jefferies India Pvt Ltd

8. SBI Capital Markets Ltd

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Hero Fincorp Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Hero Fincorp Limited

1. Scaled non-banking financial company with a diversified product offering catering to the large and attractive retail and micro, small and medium enterprises customer segments.

2. Our Hero heritage.

3. Strong customer franchise acquired through a pan-India distribution network comprising in-house capabilities and partnerships.

4. Our customer centric approach with strong cross-sell potential.

5. Well-integrated technology platform across functions and data-driven operations.

6. Prudent risk management, robust underwriting, data analytics capability and robust collections infrastructure.

7. Strong liability franchise, access to low-cost borrowing, and strong credit ratings.

8. Strong Business Growth and Financial Performance.

9. Experienced management team, respected board, and marquee investors.

Risks Involved

1. We sourced 99.04%, 99.69% and 99.93% of our two-wheeler loans from our Promoter, Hero MotoCorp Limited's two-wheeler dealership in Fiscals 2024, 2023 and 2022, respectively. Any decline in demand for Hero two-wheelers may adversely affect us.

2. Stage 3 Loans amounted to 4.02%, 5.11% and 7.54% of Total Gross Loan as at March 31, 2024, 2023 and 2022, respectively. Non-payment or default by our customers and our inability to provide any adequate provisioning coverage for non-performing assets may adversely affect our business, results of operations, cash flows and financial condition.

3. Our Company's retail finance business depends on new-to-credit borrowers who constituted 26.55%, 34.06% and 46.33% of our total retail assets under management as at March 31, 2024, 2023 and 2022, respectively. We may not be able to properly assess the credit of new-to-credit borrowers, and loans extended to such new-to-credit borrowers may accordingly have a higher risk of non-performance or default.

4. Retail finance, comprising vehicle loans, personal loans and mortgage loans, and micro, small and medium enterprises finance constituted 85.88%, 83.14% and 79.02% of our assets under management as at March 31, 2024, 2023 and 2022, respectively. We are susceptible to any adverse developments that reduce demand for our loans and/or increase loan default rates amongst retail and micro, small and medium enterprises customers.

5. Certain Promoters have been and are currently subject to certain regulatory proceedings initiated by authorities. Any adverse outcome in such proceedings may lead to reputational risks.

6. We rely extensively on our information technology systems and any unforeseen internal or external disruptions, downtime and inadequacy may have a detrimental impact on our operations.

7. Changes in interest rates may affect our treasury operations, causing our net interest income to decline.

8. We extend fixed rate and floating rate loans to customers, and any adverse change in interest rates could cause our net interest income to decline and adversely affect our business, results of operations, cash flows and financial condition.

9. In Fiscals 2024, 2023, 2022, unsecured loans comprised 39.13%, 37.18% and 31.76% of our total assets under management, respectively. If we are unable to recover such receivables in a timely manner or at all, our business, results of operations, cash flows and financial condition may be adversely affected.

10. We are subject to regulations and periodic inspections by regulatory authorities in India. Non-compliance with regulations and observations made during their inspections could expose us to penalties, suspension and restrictions as well as cancellation of our license.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 53204.66 43451.22 34399.05
Total Liabilities 53204.66 43451.22 34399.05
Total Expenses 7399.17 5712.33 5051.69
Total Revenue 
8359.72 6447.55 4797.66
Profit After Tax 637.05 479.95 -191.91
EBITDA 4123.87 2947.1 1457.69
Adjusted EBITDA 0 0 0

Hero Fincorp Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
INE957N01016
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Hero Fincorp Limited IPO?

Answer Field

Hero Fincorp Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When Hero Fincorp Limited IPO will open?

Answer Field

The Hero Fincorp Limited IPO opens on [-] and closes on [-].

What is the lot size of Hero Fincorp Limited?

Answer Field

Hero Fincorp Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for Hero Fincorp Limited IPO?

Answer Field

You can apply in Hero Fincorp Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Hero Fincorp Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for Hero Fincorp Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is Hero Fincorp Limited IPO listing date?

Answer Field

The Hero Fincorp Limited listing date is [-].

Who is the registrar of Hero Fincorp Limited IPO?

Answer Field

The registrar of Hero Fincorp Limited IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,Axis Capital Ltd,BofA Securities India Ltd,HDFC Bank Ltd,HSBC Securities and Capital Markets (India) P Ltd,ICICI Securities Ltd,Jefferies India Pvt Ltd,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Hero Fincorp Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Hero Fincorp Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for Hero Fincorp Limited IPO?

Answer Field

To apply for Hero Fincorp Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Hero Fincorp Limited?

Answer Field

The price of each Hero Fincorp Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for Hero Fincorp Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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