Hero FinCorp. IPO Company Profile:
Hero FinCorp Limited was incorporated in December 1991 as Hero Honda FinLease Limited; the restructuring of the parent company Hero MotoCorp Limited led to the present form as Hero FinCorp Limited. Hero FinCorp Limited is one of India’s fastest-growing NBFCs, disbursing a loan every 30 seconds. On the corporate lending front, the company has extremely strong relationships with over 2000 high-growth companies. Today, the company is present at close to 2000 retail financing touch-points across Hero MotoCorp’s network and has partnered with over 2000 satisfied corporate clients. Going forward, the company plans to continuously expand its offerings and geographic presence, whilst offering class-leading financial services to all sections of society.
Hero FinCorp. IPO Product Portfolio:
- Retail Loan:
- Two Wheeler Loan
- Used Car Loan
- Loyalty Loan
- Personal Loan
- Corporate Loan:
- Loan Against Property
- Unsecured Business Loan
- Business Loan
- Bill Discounting Or Invoice Discounting
- Home Loan: (“Hero Housing Finance Limited”)
Incorporated as a subsidiary of Hero FinCorp, Hero Housing Finance Ltd. (HHFL) comes as a natural extension of the group. Focused on having a diversified presence across India, Hero Housing Finance Ltd. is seeking to become an all-inclusive housing finance company with offerings across mid-market, affordable, and prime segments. The company focuses on end-to-end digital lending to enable a joyful home ownership experience for the customers.
Hero FinCorp. IPO Financial Analysis:
| Particulars | Mar-21 | Mar-20 | YoY |
| Revenue from Operations | 4738.66 | 4278.08 | 10.77% |
| Other Income | 59.00 | 55.44 | 6.42% |
| Impairment on financial instruments | 1840.81 | 1417.74 | 29.84% |
| Employee Cost | 356.45 | 285.61 | 24.80% |
| Other expenses | 1142.71 | 813.58 | 40.45% |
| EBITDA | 1457.69 | 1816.59 | -19.76% |
| EBITDA margin% | 30.76% | 42.46% | |
| Depreciation | 33.19 | 35.21 | -5.74% |
| Interest | 1678.53 | 1710.31 | -1.86% |
| Profit / (loss) before tax | -254.03 | 71.07 | |
| Total tax | -62.13 | 19.45 | |
| Profit / (loss) After-tax | -191.90 | 51.62 | |
| Profit / (loss) After-tax margin% | -4.05% | 1.21% |
Major Shareholders of Hero FinCorp. IPO:
| S.NO. | Name of the Shareholder | No. of Shares | % |
| 1 | Hero MotoCorp Ltd. | 52,431,893 | 41.19% |
| 2 | Bahadur Chand Investment Pvt. Ltd. | 25,896,764 | 20.34% |
| 3 | Otter Limited | 12,882,170 | 10.12% |
| 4 | Mr. Pawan Munjal* | 3,608,812 | 2.83% |
| 6 | Ms. Renu Munjal* | 4,094,737 | 3.22% |
| 7 | Ms. Santosh Munjal* | 3,23,600 | 0.25% |
| 8 | Mr. Suman Kant Munjal* | 4,094,737 | 3.22% |
| Total | 103,332,713 | 81.17% |
*- Holding shares on behalf of Brijmohan Lall Om Prakash (partnership firm)
Hero FinCorp. IPO Shareholding Pattern:
| S.NO. | Category | No. of shares held | Percentage |
| 1 | Promoters | 10,12,56,432 | 79.54% |
| 2 | Non-Promoters(including Public) | 2,60,50,242 | 20.46% |
| Total | 12,73,06,674 | 100.00% |
Hero FinCorp. IPO Details:
| IPO Open Date | Not Available |
| IPO Close Date | Not Available |
| Listing Date | Not Available |
| Face Value | ₹10 per share |
| Price | Not Available |
| Lot Size | Not Available |
| Issue Size | Not Available |
| Fresh Issue | Not Available |
| Offer For Sale | Not Available |
| Issue Type | Not Available |
| Listing At | Not Available |
| QIB Shares Offered | Not Available |
| NII (HNI) Shares Offered | Not Available |
| Retail Shares Offered | Not Available |
Hero FinCorp. IPO FAQ
Ans. Hero FinCorp. IPO will comprise fresh share issue and new offer share issue. The company aims to go public to accelerate its growth and expansion plan.
Ans. The company will open for subscription on <>.
Ans. The minimum lot size that investors can subscribe to is <> shares.
Ans. The Hero FinCorp. IPO listing date is <>.
Ans. The minimum lot size for this upcoming IPO is <> shares.