Hero FinCorp,  the financial services arm of two-wheeler manufacturer has filed a draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an IPO of ₹3,668 crore.

Hero FinCorp is a non-bank financial company (NBFC) that provides a wide range of financial products to India's retail and micro, small, and medium-sized business (MSME) clients.

The proposed IPO includes an Offer For Sale (OFS) of ₹1,568 crore from investor stockholders and a new issue of equity shares worth ₹2,100 crore, as per the DRHP issued on 31st July'24.