Hero FinCorp IPO Approved by SEBI
Analysis based on 6 articles · First reported May 28, 2025 · Last updated May 28, 2025
The approval of Hero FinCorp's IPO is expected to positively impact the financial services sector in India by increasing capital for lending activities. The listing on BSE and National Stock Exchange of India will provide new investment opportunities for market participants.
Hero FinCorp, the financial services arm of Hero MotoCorp, has received approval from the India — Securities and Exchange Board of India for its Initial Public Offering (IPO) valued at Rs 3,668 crore. The IPO comprises a fresh issue of equity shares worth Rs 2,100 crore and an Offer For Sale (OFS) of Rs 1,568 crore by existing investor shareholders including AHVF II Holdings Singapore II Private Limited, Apis Growth II (Hibiscus) Private Limited, Link Investment Trust, and Otter Ltd. The proceeds from the fresh issue will be used to bolster Hero FinCorp's capital base to meet future funding requirements for its lending operations. Hero FinCorp, an NBFC, provides financial products to retail and MSME segments in India, with assets under management of Rs 51,821 crore as of March 2024. The company's equity shares are slated for listing on the BSE and National Stock Exchange of India. JM Financial, Meritz Securities, HSBC — HSBC Securities and Capital Markets (India), Meritz Securities, Jefferies, and State Bank of India — State Bank of India are the book running lead managers for the IPO.
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