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.