Hero fincorp IPO Details Today, Date, Price, GMP, Review

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Hero FinCorp Incorporated in December 1991 We are a scaled NBFC offering a diversified suite of financial products catered primarily to the growing retail customer segment and the rapidly formalising MSME customer segment in India.

We follow a “Customer First Approach” in designing lending products that are customisable and cater to the unique needs of our retail, MSME and CIF customers throughout their lifetimes. Our business verticals comprise.

Our in-house collections team comprising 5,653 employees which forms the backbone of our network, includes our collections strategy and analytics unit, collections managers and in-house collections agents.

We had AUM of ₹518,208.11 million as at March 31, 2024, of which our retail and MSME loan verticals contributed 65.08% and 20.80%, respectively. Since our inception in 1991, we have grown our customer base to 11.80 million customers, which included 5.00 million active retail customers, and 29,060 active MSME customers and 360 active CIF customers, as at March 31, 2024.

Hero fincorp IPO (Details) operate under the recognised and long-standing “Hero” brand, and benefit from the long-standing corporate heritage, strong track-record and reputation of our parent and promoter, Hero MotoCorp Limited. Hero MotoCorp Limited was the largest twowheeler manufacturer in India in terms of domestic unit sales of two-wheeler in Fiscal 2024,

We leverage Hero MotoCorp Limited’s extensive two-wheeler distribution network in India, covering 4,257 dealer touchpoints comprising 1,272 dealers and 2,985 sub-dealers (excluding Hero MotorCorp Ltd.’s authorised mechanics and service centres), as at March 31, 2024, to distribute our two-wheeler loans.

Favourable customer demographics are further expected to drive growth in retail loans, as customers in these segments increasingly aspire to own vehicles, homes and other products. We are strategically positioned to tap into the expanding and significantly underpenetrated retail and MSME customer segments in India.

Hero fincorp IPO Date & Price Band Details

Hero fincorp IPO Details Market Lot Size

Object of the Issue

1.  Requirement of Funds and Utilization of Net Proceeds.
2.  Proposed Schedule of Implementation and Deployment of Funds.
3.  Funding of working capital requirement.
4.  General Corporate Purposes.
5.  To meet out the Issue Expenses.

Hero fincorp IPO Allotment & Listings (Details)

Hero fincorp Financial Reports

Our Company Promoters

1. Hero MotoCorp Limited.
2. Bahadur Chand Investments Private Limited.
3. Hero InvestCorp Private Limited.
4. Brijmohan Lal Om Parkash (Partnership Firm).
5. Dr. Pawan Munjal.
6. Renu Munjal.
7. Suman Kant Munjal.
8. Renuka Munjal.
9. Abhimanyu Munjal.

Qualitative Factors

• Scaled non-banking financial company with a diversified product offering catering to the large and attractive retail and micro, small and medium enterprises customer segments.
• Our Hero heritage.
• Strong customer franchise acquired through a pan-India distribution network comprising in-house capabilities and partnerships.
• Our customer centric approach with strong cross-sell potential.
• Well-integrated technology platform across functions and data-driven operations.
• Prudent risk management, robust underwriting, data analytics capability and robust collections infrastructure.
• Strong liability franchise, access to low-cost borrowing, and strong credit ratings.
• Strong Business Growth and Financial Performance.
• Experienced management team, respected board, and marquee investors.

Hero fincorp IPO Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Hero FinCorp Limited.
• Bajaj Finance Limited.
• Cholamandalam Investment & Finance Company.
• Poonawalla Fincorp Limited.
• Sundaram Finance Limited.

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Hero fincorp Company Contact Details 

34, Community Centre, Basant Lok
Vasant Vihar New Delhi 110057
Delhi, India
Contact Person: Shivendra Kumar
Email: investors@herofincorp.com
Telephone: +91 011 4946 7150
Website: www.herofincorp.com

Hero fincorp IPO Registrar

Link Intime India Private Limited
C 101, 1st Floor, 247 Park, L.B.S Marg
Vikhroli West,
Mumbai 400 083 Maharashtra, India
Tel: +91 22 4918 6000
Email: herofincorp.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: herofincorp.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan

About Hero fincorp-

1. Retail Finance customers.

•  Vehicle Loans comprising.
•  Two-wheeler loans to finance purchases of scooters and motorcycles from Hero MotoCorp Limited and electric two-wheelers (“E2W”) from select brands.
•  used car loans to finance or refinance purchases of used cars.
•  Personal Loans comprising.
•  Personal loans sourced through our partner platforms.
•  Hero Instant Personal Loans (“HIPL”) sourced through our mobile application (“app”) and website.
•  Open market personal loans sourced through our channel partners, particularly direct selling agents (“DSAs”).
•  loyalty personal loans for existing customers who already have a credit history with us.
• Mortgage Loans through our subsidiary and housing finance arm, in particular secured mortgage loans, which we offer to self-employed and salaried retail customers seeking to purchase residential property or land to construct their homes, to renovate or extend their homes, or to mortgage their existing property for business or personal purposes.

2. MSME Finance.

• secured loans in the form of loans against property and construction finance.
• unsecured loans in the form of business loans and supply chain finance, to support them in the operation and expansion of their businesses, including acquiring fixed assets and meeting working capital needs.

3. CIF.

Our distribution network comprises our digital channels, HHFL branches, relationship managers and our sales executives, which is complemented by our asset-light, distribution partner network, comprising  (i) two-wheeler and used car dealers, (ii) digital partners and (iii) DSAs.

1. Retail Finance.

(i) Vehicle Loans –  Our dedicated sales team leverages certain dealerships within Hero MotoCorp Limited’s extensive dealer network, which includes 4,257 dealer touchpoints, comprising dealers and sub-dealers across 2,000 cities, towns, and villages as at March 31, 2024. We also have a robust sales team for our used car loans and have formed strong partnerships with several digital partners to further extend our distribution reach.

(ii) Personal Loans – We source personal loans through our in-house sales team which includes a call centre, and through our partnership network, in particular through digital partners and a network of DSAs.

(iii) Mortgage Loans – Our subsidiary, HHFL, sources business through a network of 117 branches of our Company’s network of 140 leased branches (including HHFL’s branches), with a sales team of 1,539 employees, as at March 31, 2024 and through a large network of DSAs.

2. MSME Finance – Our MSME business utilises a blend of sourcing models, including direct sourcing through our inhouse sales team and through DSAs. Supply chain and construction loans are sourced through our in-house sales teamwhile asset-backed loans and unsecured business loans are sourced through DSAs.

3. CIF – We have a dedicated in-house sales team to source CIF business.The chart below shows the extent to which our different lines of business utilised.

Hero Fincorp IPO FAQs-