Archive · 28 May 2025
Hero FinCorp Gets Sebi Approval for ₹3,668 Crore IPO
Hero FinCorp, a financial services company related to Hero MotoCorp, is now approved to sell shares to the public.
The company aims to raise ₹3,668 crore.
This includes issuing new shares worth ₹2,100 crore, and existing investors selling shares worth ₹1,568 crore.
The funds will help the company offer more loans to retail and small/medium businesses.
As of March 2024, Hero FinCorp managed assets of ₹51,821 crore and served 1.18 crore customers.
Hero FinCorp received Sebi's approval for a ₹3,668 crore IPO.
The IPO includes a fresh issue of shares worth ₹2,100 crore.
Existing investors will offer shares for sale worth ₹1,568 crore.
Funds will strengthen the company's capital for lending.
The company focuses on retail and MSME customers in India.
- Who
- Hero FinCorp, the financial arm of Hero MotoCorp
- What
- Hero FinCorp received approval for a ₹3,668 crore IPO
- When
- May 22, 2025
- Where
- India
- Why
- To increase the company's capital for future lending activities
- Company
- Hero FinCorp
- Parent Company
- Hero MotoCorp
- IPO Size
- ₹3,668 crore
- Fresh Issue
- ₹2,100 crore
- OFS
- ₹1,568 crore
- AUM (March 2024)
- ₹51,821 crore
- Customers (March 2024)
- 1.18 crore
