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 |
