Hero FinCorp Ltd. IPO

Hero FinCorp Limited, the non-banking financial company (NBFC) arm of Hero MotoCorp, is launching its highly anticipated Initial Public Offering (IPO). The total issue size is estimated at Rs. 3,358 crore, comprising a fresh issue of Rs. 1,790 crore and an offer for sale (OFS) of Rs. 1,568 crore by existing shareholders.

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Hero FinCorp Ltd. IPO Details

Check out the issue details for Hero FinCorp Ltd. IPO as disclosed in SEBI.

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Hero FinCorp Ltd. News

Hero FinCorp files Rs 3,668 crore IPO papers with SEBI 5 Aug, 2:41PM

Company Financials

You can get the following financial statements of Hero FinCorp Ltd. as of now.

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Hero FinCorp IPO Overview

Hero FinCorp Limited is a leading non-banking financial company (NBFC) and a key financial services arm of Hero MotoCorp. The company provides a wide range of financing solutions across retail, SME, and corporate segments. Known for its strong presence in two-wheeler and personal loan markets, Hero FinCorp has built a reputation for accessible and customer-centric financial products.

As it prepares for its upcoming Initial Public Offering (IPO), the total issue size is set at Rs. 3,358 crore, which includes a fresh issue of Rs. 1,790 crore and an offer for sale (OFS) of Rs. 1,568 crore by existing shareholders.

In the lead-up to the IPO, Hero FinCorp raised Rs. 310 crore through two pre-IPO rounds, including Rs. 50 crore from Vattikuti Ventures at a share price of Rs. 1,400, implying a company valuation of approximately Rs. 25,014 crore.

The capital raised through the fresh issue will be used to bolster Tier-I capital, helping the company expand its lending portfolio and maintain healthy capital adequacy ratios in line with RBI guidelines.

Hero FinCorp offers a wide range of retail and corporate financing solutions including two-wheeler loans, personal loans, and SME financing. This IPO marks a significant milestone in its growth journey, opening new opportunities for both investors and the company.

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 3663.2 4045.93 4440.58 6003.77 7755.24
Total Expenditure 1202.32 2381.26 3175.97 2589.29 3371.92
Operating Profit 2460.88 1664.67 1264.61 3414.48 4383.32
Other Income 39.42 45.71 50 37.16 80.71
Interest 1986.35 1589.64 1543.08 2709.89 3486.96
Depreciation 33.02 30.67 27.66 29.15 51.87
Exceptional Items 0 0 0 0 0
Profit Before Tax 480.93 90.07 -256.13 712.6 925.2
Provision for Tax 170.76 19.45 -62.13 255.27 323.28
Net Profit 310.17 70.62 -194 457.33 601.92
Adjusted EPS (Rs.) 2.55 0.55 -1.52 3.59 4.73

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 121.54 127.31 127.31 127.31 127.31
Total Reserves 4405.93 4914.23 4710.64 5161.31 5648.24
Borrowings 15306.05 17717.35 20302.66 31394.24 38760.49
Other N/C liabilities 429.4 548.57 604.38 415.01 360.31
Current liabilities 5906.8 4996.05 6731.39 3581.7 4192.62
Total Liabilities 26169.72 28303.51 32476.38 40679.57 49088.97
Assets
Net Block 131.2 100.74 95.29 106.26 263.96
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 451.83 2211.35 1476.82 2298.81 2432.89
Loans & Advances 647.67 889.25 984.35 877.56 793.5
Other N/C Assets 0 0 0 0 0
Current Assets 24939.02 25102.17 29919.92 37396.94 45598.62
Total Assets 26169.72 28303.51 32476.38 40679.57 49088.97
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024
Profit from operations 712.6 925.2
Adjustment 1519.06 2168.17
Changes in Assets & Liabilities -7904.7 -10831.2
Tax Paid -228.83 -274.85
Operating Cash Flow -5901.87 -8012.68
Investing Cash Flow -721.74 -96.59
Financing Cash Flow 6480.2 7506.99
Net Cash Flow -143.41 -602.28
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