Hero Fincorp Limited IPO

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Hero FinCorp Limited is a scaled non-banking financial company (NBFC) with a diversified portfolio, focusing primarily on India’s growing retail and formalising MSME customer segments. Established in 1991, the company operates under the renowned “Hero” brand and benefits significantly from its strong promoter lineage through Hero MotoCorp Limited.

Business Verticals

Hero FinCorp operates through three primary verticals:

a) Retail Finance: Includes two-wheeler loans (for Hero and select electric brands), used car loans, personal loans (via digital partners, HIPL app, DSAs), and mortgage loans through its subsidiary HHFL.

b) MSME Finance: Offers both secured (loan against property, construction finance) and unsecured loans (business loans, supply chain finance).

c) CIF (Corporate & Institutional Finance): Provides secured loans to large corporates, promoters, and holding companies.

Distribution & Sourcing

Hero FinCorp adopts an omni-channel, asset-light distribution strategy combining In-house sales team, HHFL and Hero dealer network, Digital partners and DSAs, 117 branches of HHFL and 140 leased branches overall and Digital onboarding and e-sign facilities.

Digital and Tech Capabilities

The company has integrated technology across its operations, from underwriting to collections. Highlights include ML-based underwriting scorecards, AI and analytics-driven early warning systems, Real-time collections app, Digital integration with India Stack, GST, Udyam, Aadhar, MCA, etc.

Competitive Strengths

i) Strong promoter backing from Hero MotoCorp
ii) Diversified secured and unsecured loan products
iii) Deep pan-India reach including semi-urban and rural areas
iv) Scalable digital infrastructure
v) Robust risk assessment and underwriting framework
vi) Access to low-cost capital

Strategic Positioning

Hero FinCorp is strategically placed to serve the underpenetrated “Aspiring India” and MSME segments. The company aims to bridge the credit gap with tech-enabled, customised offerings and data-driven underwriting practices.

Objects of the Hero Fincorp Limited IPO:

The company proposes to utilize the Fresh Issue towards funding the following objects: 1. Augmentation of the company’s Tier–I capital base to meet the company’s future capital requirements for onward lending. 2. General corporate purposes
DRHP of Hero Fincorp Limited IPO

Hero Fincorp Limited IPO Details:

Open Date: Jul 24 2025
Close Date: Jul 28 2025
Face Value: ₹ 10 Per Equity Share
Issue Size: 3,668.13 Cr.
Listing At: NSE,BSE

Promoters And Management:

1. Dr. Pawan Munjal – Chairman (Non-Executive), has been associated with Hero FinCorp since 1991. A mechanical engineering graduate from Kurukshetra University, he brings decades of experience in banking and finance and also holds leadership roles at Hero MotoCorp and other group entities. 2. Renu Munjal – Whole-Time Director,  since 1992, holds a degree in Home Science and has over 31 years of experience in the banking and finance sector. She is actively involved with multiple Hero Group companies including Hero Electronix and Hero Future Energies. 3. Abhimanyu Munjal – Managing Director & CEO, has been with the company since 2011. A business graduate from Warwick University with executive training from Wharton, he has held multiple leadership roles at Hero FinCorp. He has over a decade of experience in financial services and is active in national-level industry councils. He has received recognitions such as ‘Top 25 FinTech CEOs of Asia’ and Economic Times’ ‘40 under Forty’.

Financials of Hero Fincorp Limited IPO: 

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Hero Fincorp Limited IPO:

  1. Axis Capital Limited
  2. BofA Securities India Limited
  3. HDFC Bank Limited
  4. HSBC Securities & Capital Markets Private Limited
  5. ICICI Securities Limited
  6. Jefferies India Private Limited
  7. JM Financial Consultants Private Limited
  8. SBI Capital Markets Limited

Registrar of Hero Fincorp Limited IPO:

  1. Link Intime India Private Limited

Discussion on Hero Fincorp Limited IPO:

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