Upcoming IPO: Hero FinCorp All Set To Bring IPO Worth Rs 3668 Crore; Gets Sebi Nod

Upcoming IPO: The financial arm of two-wheeler manufacturer Hero MotoCorp is planning to bring its initial public offering (IPO) worth Rs 3668 crore, reported news agency PTI on Wednesday.

The proposed IPO of Hero FinCorp will reportedly be a combination of fresh issue of equity shares worth Rs 2,100 crore and an offer for sale (OFS) of Rs 1,568 crore by investor shareholders, as per the Draft Red Herring Prospetus released by the SEBI.

Upcoming IPO: Who Are Selling Shares From Hero FinCorp?

The proposed IPO of Hero FinCorp will include the sale of shares in offer for sale (OFS) by AHVF II Holdings Singapore II Pte Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (through Vikas Srivastava) and Otter Ltd. Hero FinCorp had received SEBI's approval to file its preliminary IPO papers with SEBI on May 22, reported PTI.

Hero FinCorp IPO: Where Will The IPO Fund Be Utilised?

The Hero FinCorp IPO fund will be utilised by teh company for boosting company's capital to meet future funding needs for lending activities. The funding amount generated from Hero FinCorp IPO would enable the company to bolster its strength in the lending sector.
Hero FinCorp faced delays in receiving approval for its DRHP with the capital markets regulator in July last year. Potential compliance related issues because of rules governing unlisted companies was one of the possible reason for delay.
Upcoming IPO: Book Running Lead Managers of Hero FinCorp IPO
Hero Fincorp NBFC caters to a wide range of customer base in the rural as well as urban areas. JM Financial Ltd, BofA Securities India Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd, Jefferies India Private Ltd and SBI Capital Markets Ltd are the book running lead managers of the proposed IPO. The equity shares of the company are likely to be listed on the BSE and NSE.

About Hero FinCorp NBFC

Hero Fincorp NBFC is a diversified company providing financial products or catered primarily to the retai, micro, small and medium enterprises (MSME) customer segments in India. The company had complete assets under management (AUM) of Rs 51,821 crore. Out of total Hero Fincorp's AUM, its retail segment contributes 65% and MSME loan vertical contributes around 21%. Hero FinCorp was founded in 1991, since then its customer base has increased to 1.18 crore.

Report of Hero FinCorp IPO has come amid a revival of the IPO market in India after a dull phase of the India's primary market in the beginning of 2025. Due to stock market volatility and its correction, many companies had rejected or postponed their IPO plans at that time. As the Indian stock market has recovered from its January, 2025 lows, several IPOs are planned for the coming months.

The list of upcoming IPOs in the coming days include Schloss Bangalore Limited, Scoda Tubes Limited, Aegis Vopak Terminals Limited, and more. Additionally, several notable companies are also planning their debut in the Indian stock market this week including Reliance Jio, Tata Capital, PhonePe, etc. This surge in IPO activity underscores a vibrant period in the public markets, with significant interest expected in the offerings on the horizon.