Hero FinCorp raises ₹260 crore in pre-IPO funding, trimming its fresh issue to ₹1,840 crore. Get full details on the ₹3,408 crore IPO, SEBI approval, and investor insights.

Hero FinCorp, the financial arm of Hero MotoCorp, has successfully wrapped up its pre-IPO placement, raising ₹260 crore from 12 institutional investors. This pre-listing capital injection has led the company to reduce its fresh issue size from ₹2,100 crore to ₹1,840 crore. The total IPO size now stands at ₹3,408 crore, including an Offer for Sale (OFS) of ₹1,568 crore from existing shareholders such as AHVF II Holdings Singapore II Pte. Ltd., Apis Growth II (Hibiscus) Pte. Ltd., and Link Investment Trust, among others.

As part of this pre-IPO round, Hero FinCorp allotted 18.57 lakh shares at ₹1,400 apiece. Notable participants include Shahi Exports with a ₹69 crore investment, followed by RVG Jatropha Plantation (₹50 crore), Mohan Exports (₹25 crore), and AP Properties (₹22 crore). This strategic move not only strengthens the company’s capital position but also indicates strong investor confidence ahead of its public debut.

With SEBI’s green light secured on May 22, Hero FinCorp is all set to proceed with the IPO. The NBFC plans to utilise the proceeds to boost its Tier I capital base and support future lending and operational growth. Financially, the company has shown robust performance—reporting a 29.51% surge in revenue from operations, rising to ₹8,290.90 crore in FY24 from ₹6,401.59 crore in FY23.

As anticipation builds for one of the most awaited IPOs in the NBFC space, investors are closely eyeing the final timeline and pricing details that will determine Hero FinCorp’s journey into the public markets.