Hero Fincorp to launch mega ₹4,000 crore IPO in 2024; Jefferies, HDFC, 6 others selected as advisors

Hero FinCorp Plans ₹4,000 Crore Mega IPO in 2024, Names Eight Banks for Advisory

Expert Analysis:

• Hero FinCorp, backed by Hero MotoCorp, is planning a sizable ₹4,000 crore IPO in 2024.

• A consortium of eight top investment banks, including JM Financial, Bofa Securities, Jefferies, ICICI Securities, HSBC Securities, UBS, SBI Capital, and HDFC, has been chosen as advisors.

• The IPO structure combines primary and secondary share issuance, offering potential for growth capital and investor exits.

• The IPO size remains adaptable to market conditions and investor strategies.

• Hero Fincorp is a rapidly growing NBFC in India, boasting a loan disbursement rate of one loan every 30 seconds.