Hero FinCorp IPO

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Issue size	Rs. 0 Cr
Price band	Rs. 0 to 0 per equity share
Bid lot	0 shares and in multiples thereof
Issue break-up	QIB - Rs. 0.0 Cr
	HNI - Rs. 0.0 Cr
	RET - Rs. 0.0 Cr
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Company Details

We are a scaled NBFC offering a diversified suite of financial products catered primarily to the growing retail customer segment and the rapidly formalising MSME customer segment in India. We offer retail, MSME and CIF loans. Our retail loans include vehicle, personal and mortgage loans. We had AUM of ₹518,208.11 million as at March 31, 2024, of which our retail and MSME loan verticals contributed 65.08% and 20.80%, respectively. Since our inception in 1991, we have grown our customer base to 11.80 million customers, which included 5.00 million active retail customers, and 29,060 active MSME customers and 360 active CIF customers, as at March 31, 2024.

We operate under the recognised and long-standing “Hero” brand, and benefit from the long-standing corporate heritage, strong track-record and reputation of our parent and promoter, Hero MotoCorp Limited. Hero MotoCorp Limited was the largest twowheeler manufacturer in India in terms of domestic unit sales of two-wheeler in Fiscal 2024, according to the CRISIL Report, with a sales volume of 5.4 million units in Fiscal 2024.

Hero MotoCorp Limited holds a 41.19% share in our Company and has invested a total of ₹14,690.40 million in equity capital and ₹7,000 million in compulsorily convertible preference shares (“CCPS”) of our Company since our inception in 1991, as at March 31, 2024. Since its inception, Hero MotoCorp Limited has sold a total of 115 million two-wheelers as at March 31, 2024. We leverage Hero MotoCorp Limited’s extensive two-wheeler distribution network in India, covering 4,257 dealer touchpoints comprising 1,272 dealers and 2,985 sub-dealers (excluding Hero MotorCorp Ltd.’s authorised mechanics and service centres), as at March 31, 2024, to distribute our two-wheeler loans.

We are strategically positioned to tap into the expanding and significantly underpenetrated retail and MSME customer segments in India. As at March 31, 2024, 72.20% of our retail customers came from households with annual incomes ranging from ₹0.20 million to ₹1.00 million, a group we identify as the “Aspiring India” or “Rising India” segment according to the CRISIL Report. We believe that this segment presents a significant opportunity, with the number of households expected to grow from 103.00 million in Fiscal 2022 to 181.00 million by Fiscal 2030, according to the CRISIL Report.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Hero FinCorp IPO

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More about the IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

IPO Calendar

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