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Hero FinCorp IPO Updates

Nupur Wankhede

Hero FinCorp, the financial-services arm of Hero MotoCorp, is ready to enter the public markets. With its Draft Red Herring Prospectus (DRHP) filed and regulatory clearance secured, this represents a key stage in the ongoing Hero FinCorp IPO update cycle. The IPO has a total issue size of ₹3,668 Crores, comprising a fresh issue of ₹2,100 Crores and an offer for sale (OFS) of ₹1,568 Crores. As the company prepares for its public issue, investor interest remains high, particularly around timelines, pricing expectations, and listing plans. This article outlines the Hero FinCorp IPO filing, SEBI approval, issue structure, objectives, and expected next steps leading to the Hero FinCorp IPO listing.

Luxury Time Ltd IPO Key Dates

The Hero FinCorp IPO DRHP was submitted to the market regulator in July 2024. The Hero FinCorp IPO filed with SEBI marks the beginning of the regulatory process that precedes public listing.

As per the DRHP:

  • The IPO originally proposed a fresh issue of equity shares aggregating up to ₹2,100 crore and an Offer-for-Sale (OFS) by existing shareholders amounting to roughly ₹1,568 crore.

  • The total IPO size was estimated at ₹3,668 crore.

Following a pre-IPO placement of ₹260 crore in June 2025, the fresh issue size was revised to ₹1,840 crore, bringing the updated IPO size to ₹3,408 crore, while the OFS amount remained unchanged.

Key elements of the filing

  • Equity shares offered will have a face value of ₹10 each.

  • Proceeds from the fresh issue are proposed to enhance the company’s capital base and support its lending-related requirements.

(Note: Final issue size and allocation remain subject to regulatory approvals and market conditions.)

About the Company

Hero FinCorp is the non-banking financial company (NBFC) affiliate of Hero MotoCorp. It predominantly caters to retail and micro, small & medium enterprise (MSME) customers, offering loans and financial products tailored for two-wheeler buyers, MSMEs, and retail consumers.

As of March 2024, the company had assets under management (AUM) of ₹51,821 crore. Retail and MSME loans together contributed over 85% of the loan book, underscoring its focus on these segments.

Since its inception in 1991, Hero FinCorp has grown its customer base significantly. By FY 2024, its reach included over a crore customers.

The fresh capital raised through the IPO aims to support further lending growth, bolster Tier-1 capital, and expand operations across retail and MSME verticals.

IPO Objectives

According to the DRHP filing and subsequent updates:

  • The primary aim of the fresh issue is to add to the company’s capital pool to support lending operations.

  • Funds will be used for onward lending, enabling expansion across retail and MSME loan categories.

  • The Offer-for-Sale (OFS) component allows existing shareholders to partially exit and realise value.

Financial Highlights

Below is a simplified snapshot of key recent financial metrics of Hero FinCorp to help investors understand its scale and profitability context.

Fiscal Year / Period Total Assets / AUM* (₹ crore) Notes / Highlights

March 2024

51,821

As per DRHP - includes retail & MSME loan portfolio

*Detailed numbers for revenue, PAT, EBITDA etc. are not publicly consolidated in DRHP summary. Investors should refer to a full prospectus for full financial statements.

Hero FinCorp IPO Timeline Summary

Milestone / Stage Date (or Status) Details

DRHP filed with Securities and Exchange Board of India (SEBI)

31st July 2024

Initial proposal to raise up to ₹3,668 cr via IPO (fresh issue + OFS)

SEBI approval for the IPO

22nd May 2025

The IPO has received regulatory approval, clearing the way for public issue

DRHP Addendum filed

17 November 2025

Updated financials and disclosures ahead of IPO

IPO Opening Date

Not yet announced

Final dates awaited from company / merchant bankers

IPO Closing Date

To be announced

Depends on official filing - currently unconfirmed

Listing on BSE/NSE (tentative)

To be announced

Listing expected on both exchanges once allotment and listing formalities complete

Note: Investors should refer to official filings for final IPO dates to learn more about Hero FinCorp IPO listing details and price, and listing timelines.

Keep yourself updated : Check Upcoming IPO

Disclaimer

This content is for educational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo 
  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/ 
  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos 
  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner 

FAQs on Hero FinCorp IPO Updates

When did Hero FinCorp file its DRHP?

Hero FinCorp filed its Draft Red Herring Prospectus (DRHP) with SEBI on 31 July 2024.

Has SEBI approved the IPO of Hero FinCorp?

Yes - SEBI granted approval for the IPO on 22 May 2025, allowing the company to proceed with its public issue.

What is the size of the Hero FinCorp IPO?

The IPO is structured to raise approximately ₹3,668 crore, including a fresh equity issue and an Offer-for-Sale (OFS) by existing shareholders.

Will Hero FinCorp list on stock exchanges

Yes, the IPO is expected to be listed on both the BSE and NSE once the allotment process and formalities are complete.

Are IPO dates and price band finalised

As of now, the final IPO opening and closing dates, price band, and lot size have not been officially announced.

Hi! I’m Nupur Wankhede
BSE Insitute Alumni

With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.

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