Hero FinCorp approves Rs 4,000 crore IPO with fresh issue and offer for sale

Hero FinCorp Approves Rs 4,000 Crore IPO to Fuel Expansion and Strengthen Capital Base.

Expert Analysis:

• IPO Approval: Hero FinCorp, the financial services arm of Hero MotoCorp, approved a Rs 4,000 crore IPO a company statement said on May 29.

• IPO Structure: The IPO consists of a fresh issue of shares and an Offer For Sale by existing shareholders.

• Operational Presence: The company operates in over 4,000 cities and towns across India, with nearly 2,000 retail financing touchpoints within Hero MotoCorp's network.

• Shareholding Structure: Hero MotoCorp owns approximately 40% of Hero FinCorp, the Munjal family holds around 35-39%, and the remainder is owned by private equity investors such as Apollo Global, ChrysCapital, Credit Suisse, and some Hero MotoCorp dealers.