Hero Fincorp IPO Date, Review, Price and Key Information

Hero Fincorp Limited IPO is fully book build issue and total IPO size is ₹3668.134 crores. The offering includes a fresh issue worth ₹2100 crores and an offer for sale of ₹1568.13 crores.

The dates for the Hero Fincorp Limited IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Hero Fincorp Limited IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Hero Fincorp Limited IPO has not been announced yet.

Registrar for this IPO is Link Intime India Private Limited and lead managers for Hero Fincorp Limited IPO are JM Financial Limited, Axis Capital Limited, BofA Securities India Limited, HDFC Bank Limited, HSBC Securities and Capital Markets Private Limited, ICICI Securities Limited, Jefferies India Private Limited, SBI Capital Markets Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	₹3,668.13 Crores
Fresh Issue	₹2,100.00 Crores
OFS Issue	₹1,568.13 Crores
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	75%
Retail	10%
NII/HNI	15%

About Hero Fincorp Limited Company

This data provides a snapshot of key financial metrics for several investment and finance companies. Asset quality, measured by Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA), is generally under control, with Tata Capital and Bajaj Finance maintaining consistently low levels. Hero Fincorp reduced its GNPA from 7.9% in FY22 to 4.0% in FY24 and NNPA from 4.6% to 2.0% for the same period. Provision Coverage Ratios, indicating the extent to which bad loans are covered, vary, with Tata Capital showing a consistently high ratio. Key metrics include:

Capital Adequacy Ratio: Reflects financial strength, with Bajaj Finance at 22.5% and Tata Capital at 16.6% in FY24.
Debt to Equity Ratio: Indicates leverage, with Poonawalla Fincorp at 1.9 and Cholamandalam Investment & Finance at 6.9 in FY24.
AUM Mix: Shows diversification across product categories such as vehicle finance, personal loans, and mortgages.

Borrowing mixes vary, with term loans and Non-Convertible Debentures (NCDs) being common sources of funds. Digital presence, indicated by app downloads and ratings, highlights Bajaj Finance's strong performance with over 10 Crore downloads and a 4.7 rating. Credit ratings are generally high, with many players holding AAA ratings from CRISIL, ICRA, and IND. Customer base varies significantly, with Bajaj Finance serving over 8.36 crore customers and Sundaram Finance serving 6,32,747 customers.

Hero Fincorp Limited Financial Details

Particulars	March 2024	March 2023	March 2022
Total Assets	₹53204.66	₹43451.23	₹34399.03
Total Revenue/Total Income	₹8359.73	₹6447.55	₹4797.51
Profit After Tax	₹63.71	₹47.99	₹-19.19
Net Worth	₹577.20	₹524.78	₹476.99
Total Borrowings	₹3799.39	₹2908.49	₹2403.02

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
50.04	11.05	452.92	8.01	11.57%

Offer Objectives

Offer Details:

The offer includes a Fresh Issue and an Offer for Sale. The company will not receive any proceeds from the Offer for Sale. The Equity Shares offered will be fully paid-up at the time of Allotment.

Fresh Issue Proceeds:

The company plans to use the net proceeds from the Fresh Issue to strengthen its Tier-I capital base to meet future capital needs for lending activities and to cover Offer expenses. The estimated gross proceeds from the Fresh Issue are ₹2100 Crore. The actual net proceeds will be disclosed in the Prospectus after deducting the Fresh Issue expenses.

Pre-IPO Placement:

If a Pre-IPO Placement is completed, the Fresh Issue size will be reduced accordingly. Proceeds from such placement may be used before the Offer's completion. However, subscribers to the Pre-IPO Placement will be informed of the uncertainty regarding the Offer's success.

Fund Utilization:

The net proceeds will be allocated towards augmenting the company's Tier-I capital base to support future lending growth. This deployment is planned for Financial Year 2025.

ESOP 2017:

The company adopted the ESOP 2017 to attract and retain talented employees and create wealth in the hands of our employees. The ESOP 2017 is in compliance with the SEBI SBEB Regulations and other Applicable Laws. As on the date of this Draft Red Herring Prospectus, under ESOP 2017, an aggregate of 3,526,179 options have been granted (including an aggregate of 975,645 lapsed options), an aggregate of 1,045,587 options have been vested and an aggregate of nil options have been exercised.