About Hero Motors LimitedIncorporated in 1991, Hero FinCorp Limited is a scaled NBFC (Non Banking Financial Company) in India that offers retail, MSME (Micro, Small, and Medium Enterprises) and CIF loans. It provides vehicle, personal, and mortgage loans under its umbrella of retail finance. Under the MSME category, it offers secured loans against property and construction finance, and unsecured loans in the form of business loans and supply chain finance. It also offers secured loans to corporate & institutional customers like promoters, holding companies and operating entities of large corporations under its CIF wing. It benefits from the long standing heritage of the “Hero” brand as Hero MotoCorp Limited holds a 41.19% share in the company. In FY24, it was the largest two wheeler manufacturer in India in terms of domestic unit sales of two-wheeler. It caters to the expanding yet underpenetrated customer segment called “Aspiring India” within the annual income range of ₹0.20 to ₹1.00 million, which made up 72% of its retail customers in FY24. It reaches its customers with a team of 8,313 active field agents from 1,228 outsourced field agencies, outsourced call centers staffed with 545 executives, an in-house team of 5,653 employees, and 4,257 Hero MotoCorp Limited dealers and sub-dealers as of 31 March 2024. Its funding sources include non-convertible debentures, commercial papers, term loans, working capital facilities, and external commercial borrowings from financial institutions. Between FY22 and FY24, it saw a CAGR rise of 16% in its AUM (Assets Under Management). Moreover, the number of customer households in the income range that it caters to are expected to grow from 103 million in FY22 to 181 million in FY30, which could benefit the company. And now, Hero FinCorp Limited is coming out with its initial public offer (IPO). The total IPO issue size is ₹3,668 crore comprising fresh issue, aggregating to ₹2,100 crore, as well as an offer for sale, aggregating to ₹1,568 crore. The money raised from the fresh issue will be utilized to augment its capital base to meet future business requirements. Its shares will be listed on the NSE and BSE. Here are key details about the Hero Motors Limited IPO:
Financial snapshot
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Here’s a quick look at Hero Motors Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
Risks and threats
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Hero Motors Limited IPO details| Hero Motors Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Hero FinCorp IPO’s opening date – in other words, the Hero FinCorp IPO launch date – is yet to be announced. The Hero FinCorp IPO closing date is yet to be announced. After this, investors will be updated about the allotment status on a date which is yet to be announced. Investors, who have been allotted shares, can expect them to be credited to their demat account on a date that is yet to be announced. The Hero FinCorp IPO listing date is yet to be announced. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Hero Motors Limited IPO Price BandThe IPO is a fresh issue as well as an offer for sale. The Hero FinCorp IPO price band is yet to be announced. Interested investors can choose a price within this band to apply for the IPO. The Hero FinCorp IPO listing price is yet to be announced. The listing price is the price at which a company’s shares debut on the stock exchanges. | Hero Motors Limited IPO Lot size The Hero FinCorp IPO details have not been declared. The Hero FinCorp IPO lot size is yet to be announced and an investor can apply for a minimum of 1 lot. Meanwhile, the Hero FinCorp IPO issue size is approx ₹3,668 crore. |
How to pre-apply for the Hero Motors Limited IPO?You can pre-apply for the Hero Motors Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Hero Motors Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Hero Motors Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Hero Motors Limited IPO on Upstox:
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How to check the Hero Motors Limited IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Hero Motors Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Hero Motors Limited IPOTo apply for the Hero Motors Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Hero Motors Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Hero Motors Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Hero FinCorp IPO means applying for this public issue before it goes live. Pre-apply for the Hero FinCorp IPO start soon.
You can pre-apply for the Hero FinCorp IPO on Upstox soon. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Hero FinCorp IPO opens for the subscription.
The Hero FinCorp IPO launch date is yet to be announced. The Hero FinCorp IPO will be open for subscription till the date which is yet to be announced.
The Hero FinCorp lot size is yet to be announced and the minimum investment required is yet to be announced.
The Hero FinCorp IPO price band is yet to be announced.
The size of the Hero FinCorp IPO is approx. ₹3,668 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on a date which is yet to be announced.
Hero FinCorp shares will be on NSE and BSE.
Hero FinCorp shares’ listing date is yet to be announced.