Hero FinCorp 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.

Hero FinCorp IPO Details

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

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Hero FinCorp News

Hero FinCorp files Rs 3,668 crore IPO papers with SEBI 5 Aug 2024, 2:41PM

Company Financials

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

Company Name

Hero FinCorp

  Profit Loss
  Balance Sheet
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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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 4045.93 4440.58 6003.77 7755.24 9110.05
Total Expenditure 2381.26 3175.97 2589.29 3356.43 4640.93
Operating Profit 1664.67 1264.61 3414.48 4398.81 4469.12
Other Income 45.71 50 37.16 80.71 66.07
Interest 1589.64 1543.08 2709.89 3502.45 4259.5
Depreciation 30.67 27.66 29.15 51.87 77.32
Exceptional Items 0 0 0 0 0
Profit Before Tax 90.07 -256.13 712.6 925.2 198.37
Provision for Tax 19.45 -62.13 255.27 323.28 140.53
Net Profit 70.62 -194 457.33 601.92 57.84
Adjusted EPS (Rs.) 0.55 -1.52 3.59 4.73 0.45

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 127.31 127.31 127.31 127.31 127.41
Total Reserves 4914.23 4710.64 5161.31 5648.24 5584.99
Borrowings 17717.35 20302.66 31394.24 23486.25 25105.33
Other N/C liabilities 548.57 604.38 415.01 470.5 633.63
Current liabilities 4996.05 6731.39 3581.7 19356.67 23357.91
Total Liabilities 28303.51 32476.38 40679.57 49088.97 54809.27
Assets
Net Block 100.74 95.29 106.26 263.96 291.03
Capital WIP 0 0 0 0 1.55
Intangible WIP 0 0 0 0 15.53
Investments 2211.35 1476.82 2298.81 807.67 800.54
Loans & Advances 889.25 984.35 877.56 791.99 1094.96
Other N/C Assets 0 0 0 44992.78 47767.6
Current Assets 25102.17 29919.92 37396.94 2232.57 4838.06
Total Assets 28303.51 32476.38 40679.57 49088.97 54809.27
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 90.07 -256.13 712.6 925.2 198.37
Adjustment 1503.35 1884.73 1519.06 2116.72 2794.05
Changes in Assets & Liabilities -2792.7 -6562.01 -7904.7 -10779.75 -5461.78
Tax Paid -159.15 -108 -228.83 -274.85 -259.7
Operating Cash Flow -1358.43 -5041.41 -5901.87 -8012.68 -2729.06
Investing Cash Flow -1681.22 817.89 -721.74 -96.59 -435.61
Financing Cash Flow 1706.76 4117.21 6480.2 7506.99 5099.82
Net Cash Flow -1332.89 -106.31 -143.41 -602.28 1935.15
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