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The Hindu
3 days ago
- Business
- The Hindu
Hero FinCorp gets Sebi's nod to float ₹3,668 crore IPO
Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp, has received Sebi's go-ahead to float a ₹3,668 crore Initial Public Offering (IPO), an update with the markets regulator showed on Wednesday (May 28, 2025). The proposed IPO is a combination of fresh issue of equity shares worth ₹2,100 crore and an Offer For Sale (OFS) of ₹1,568 crore by investor shareholders, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS are— AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (through Vikas Srivastava) and Otter Ltd. As per the update, Hero FinCorp, which filed its preliminary IPO papers with Sebi in August, obtained its observations on May 22. In Sebi's parlance, obtaining observations means its go-ahead to launch the public issue. Going by the draft papers, proceeds from the fresh issue will be used to increase the company's capital to meet future funding needs for lending activities. Hero FinCorp is an NBFC offering a diversified suite of financial products catered primarily to the retail, micro, small and medium enterprise (MSME) customer segments in India. As of March 2024, the NBFC firm had assets under management (AUM) of ₹51,821 crore, of which retail and MSME loan verticals contributed 65% and 21%, respectively. Since the company's inception in 1991, its customer base has grown to 1.18 crore as of March 2024. JM Financial Ltd, BofA Securities India Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd, Jefferies India Private Ltd and SBI Capital Markets Ltd are the book running lead managers of the proposed IPO. The equity shares of the company are proposed to be listed on the BSE and NSE.
Business Upturn
3 days ago
- Business
- Business Upturn
Hero FinCorp gets SEBI nod for Rs 3,668 crore IPO
By Aman Shukla Published on May 28, 2025, 15:36 IST Hero FinCorp has secured approval from the Securities and Exchange Board of India (SEBI) for its ₹3,668 crore Initial Public Offering (IPO). The market regulator's update on May 22 confirmed the clearance, following the company's submission of its Draft Red Herring Prospectus (DRHP) in August 2024. The IPO will comprise a fresh issue of equity shares worth ₹2,100 crore and an Offer for Sale (OFS) amounting to ₹1,568 crore. Existing investors participating in the OFS include AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (via Vikas Srivastava), and Otter Ltd. As per the DRHP, the net proceeds from the fresh issue will be used to augment Hero FinCorp's capital base to support future lending activities. SEBI's issuance of observations on May 22 signifies its approval for the launch of the IPO. The company is expected to announce further details regarding the offer timeline and pricing in the coming weeks. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
3 days ago
- Business
- Mint
Upcoming IPO: Hero FinCorp gets Sebi approval to launch ₹3,668 crore IPO
Hero FinCorp, the financial services arm of two-wheeler maker Hero MotoCorp, has been granted approval by Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO) valued at ₹ 3,668 crore, as indicated in a notification from the markets regulator on Wednesday, according to PTI report. Hero FinCorp is a non-banking financial company (NBFC) that provides a wide range of financial products primarily aimed at retail customers and micro, small, and medium enterprises (MSMEs) in India. As of March 2024, the NBFC had total assets under management (AUM) amounting to ₹ 51,821 crore, with retail and MSME lending segments accounting for 65 percent and 21 percent, respectively. Since its establishment in 1991, the company has expanded its customer base to 1.18 crore as of March 2024. Hero FinCorp IPO consists of a new issuance of equity shares valued at ₹ 2,100 crore along with an Offer For Sale (OFS) of ₹ 1,568 crore from investor shareholders, as stated in the Draft Red Herring Prospectus (DRHP). The shareholders participating in the OFS include AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (represented by Vikas Srivastava), and Otter Ltd. According to recent updates, Hero FinCorp, which submitted its initial IPO documents to Sebi in August, received its observations on May 22. In the terminology used by Sebi, receiving observations signifies approval to proceed with the public offering. As indicated in the draft documents, the funds raised from the new issue will be utilized to bolster the company's capital to accommodate upcoming financing requirements for lending activities. The book running lead managers for the anticipated IPO are JM Financial Ltd, BofA Securities India Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd, Jefferies India Private Ltd, and SBI Capital Markets Ltd.
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Business Standard
3 days ago
- Business
- Business Standard
Hero FinCorp receives Sebi's go-ahead to float Rs 3,668 crore IPO
Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp, has received Sebi's go-ahead to float a Rs 3,668 crore Initial Public Offering (IPO), an update with the markets regulator showed on Wednesday. The proposed IPO is a combination of fresh issue of equity shares worth Rs 2,100 crore and an Offer For Sale (OFS) of Rs 1,568 crore by investor shareholders, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS are -- AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (through Vikas Srivastava) and Otter Ltd. As per the update, Hero FinCorp, which filed its preliminary IPO papers with Sebi in August, obtained its observations on May 22. In Sebi's parlance, obtaining observations means its go-ahead to launch the public issue. Going by the draft papers, proceeds from the fresh issue will be used to increase the company's capital to meet future funding needs for lending activities. Hero FinCorp is an NBFC offering a diversified suite of financial products catered primarily to the retail, micro, small and medium enterprise (MSME) customer segments in India. As of March 2024, the NBFC firm had assets under management (AUM) of Rs 51,821 crore, of which retail and MSME loan verticals contributed 65 per cent and 21 per cent, respectively. Since the company's inception in 1991, its customer base has grown to 1.18 crore as of March 2024. JM Financial Ltd, BofA Securities India Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd, Jefferies India Private Ltd and SBI Capital Markets Ltd are the book running lead managers of the proposed IPO. The equity shares of the company are proposed to be listed on the BSE and NSE.
Time of India
3 days ago
- Business
- Time of India
Hero FinCorp gets Sebi nod to float Rs 3,668 cr IPO
Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp , has received Sebi 's go-ahead to float a Rs 3,668 crore Initial Public Offering (IPO), an update with the markets regulator showed on Wednesday. The proposed IPO is a combination of fresh issue of equity shares worth Rs 2,100 crore and an Offer For Sale (OFS) of Rs 1,568 crore by investor shareholders, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS are -- AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (through Vikas Srivastava) and Otter Ltd. As per the update, Hero FinCorp, which filed its preliminary IPO papers with Sebi in August, obtained its observations on May 22. In Sebi's parlance, obtaining observations means its go-ahead to launch the public issue. Going by the draft papers, proceeds from the fresh issue will be used to increase the company's capital to meet future funding needs for lending activities. Live Events Hero FinCorp is an NBFC offering a diversified suite of financial products catered primarily to the retail, micro, small and medium enterprise (MSME) customer segments in India. As of March 2024, the NBFC firm had assets under management (AUM) of Rs 51,821 crore, of which retail and MSME loan verticals contributed 65 per cent and 21 per cent, respectively. Since the company's inception in 1991, its customer base has grown to 1.18 crore as of March 2024. JM Financial Ltd , BofA Securities India Ltd, HSBC Securities and Capital Markets (India) Private Ltd, ICICI Securities Ltd, Jefferies India Private Ltd and SBI Capital Markets Ltd are the book running lead managers of the proposed IPO. The equity shares of the company are proposed to be listed on the BSE and NSE.
