Hero Fincorp IPO
Hero Fincorp is a scaled NBFC offering a diversified suite of financial products catered primarily to the growing retail customer segment and the rapidly formalising MSME customer segment in India. It offers retail, MSME and CIF loans. Its retail loans include vehicle, personal and mortgage loans. The company operates under the recognised and long-standing “Hero” brand, and benefits from the long-standing corporate heritage, strong track-record and reputation of its parent and promoter, Hero MotoCorp Limited. Hero MotoCorp Limited was the largest two-wheeler manufacturer in India in terms of domestic unit sales of two-wheeler in Fiscal 2024, according to the CRISIL Report, with a sales volume of 5.4 million units in Fiscal 2024. Hero MotoCorp Limited holds a 41.19% share in the Company and has invested a total of ₹14,690.40 million in equity capital and ₹7,000 million in compulsorily convertible preference shares of the Company since its inception in 1991 ,as at March 31, 2024. The company leverages Hero MotoCorp Limited’s extensive two-wheeler distribution network in India, covering 4,257 dealer touchpoints comprising 1,272 dealers and 2,985 sub-dealers (excluding Hero MotorCorp Ltd.’s authorised mechanics and service centres), as at March 31, 2024, to distribute its two-wheeler loans.
Hero Fincorp IPO Details
| Opening Date To be announced | Closing Date To be announced |
| Price Band To be announced | Issue Size To be Announced |
| Face Value ₹10 per share | Market Lot To be announced |
| Listing at NSE,BSE | |
Hero Fincorp IPO Timeline (Tentative Schedule)
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account | To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be Announced |
Checkout the List of Upcoming IPO
Financial Highlights
| Financial Metrics | Profit/Loss (After tax) | Total revenue from operations | Total liabilities | Total expenses |
|---|---|---|---|---|
| 31 March’2024 (In cr.) | 601.92 | 7,755.24 | 42,789.72 | 6,879.49 |
| 31 March’2023 (In Cr.) | 457.33 | 6,003.77 | 34,842.01 | 5,320.33 |
| 31 March’2022 (In Cr.) | 194 | 4,440.58 | 27,000.41 | 4,746.71 |
| 31 March’2021 (In Cr.) | 70.62 | 4,045.93 | 22,657.63 | 4,001.57 |
Strengths & Weakness
| Strengths | Weaknesses | ||
|---|---|---|---|
| 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 | Sourced over 99% of its two-wheeler loans from Hero MotoCorp dealerships in FY22–24, making it vulnerable to any decline in Hero two-wheeler demand. | ||
| Well-integrated technology platform across functions and data -driven operations. | New-to-credit borrowers, comprising 26.55%–46.33% of its retail AUM (FY22–24), pose higher credit assessment and default risks. | ||
| Prudent risk management, robust underwriting, data analytics capability and robust collections infrastructure. | Retail and MSME finance, forming 79.02%–85.88% of its AUM (FY22–24), exposes it to risks from reduced loan demand or higher default rates. | ||
| Strong liability franchise, access to low-cost borrowing, and strong credit ratings | Changes in interest rates may affect its treasury operations, causing net interest income to decline. | ||
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Frequently Asked Questions
What is the price band of the IPO?
To be announced
What is the size of the company?
To be announced
What is the minimum lot size of the IPO?
To be announced
What is the minimum investment required?
To be announced