Hero Fincorp Unlisted Shares
Hero FinCorp's pre-IPO round 2: Vattikuti Ventures invests Rs 50 crore, fresh issue size reduced to Rs 1,790 crore
Money Control
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Hero FinCorp Gets Rs 50 Crore from Vattikuti Ventures, Cuts Fresh Issue to Rs 1,790 Crore.
Expert Analysis :
Second Pre-IPO Funding Secured: Hero FinCorp raised Rs 50 crore from Vattikuti Ventures in its second pre-IPO round.
Vattikuti Ventures Investment: Hero FinCorp allotted 3.57 lakh shares at Rs 1,400 each to Vattikuti Ventures LLC, raising Rs 50 crore on July 8, 2025.
Valuation and IPO Adjustment: At Rs 1,400 per share, Hero FinCorp is valued at Rs 25,014 crore. The fresh issue size is reduced by Rs 50 crore to Rs 1,790 crore.
First Pre-IPO Round Summary: Hero FinCorp earlier raised Rs 260 crore by allotting 18.57 lakh shares to 12 investors, including Paramount Products, Shahi Exports, A P Properties, Yugul Chit Fund, Tiger Laser, and Virender Uppal.
Total Pre-IPO Capital Raised: Rs 310 crore has been mobilised out of the targeted Rs 420 crore through pre-IPO placement.
IPO Filing Details: Hero FinCorp, offering retail, MSME, and CIF loans, filed draft papers on July 31 to raise up to Rs 3,668.1 crore via IPO.
Revised IPO Structure: Hero FinCorp’s IPO now includes a reduced fresh issue of Rs 1,790 crore (down by Rs 50 crore) and an offer-for-sale of Rs 1,568.1 crore.
Offer-for-Sale and Use of Proceeds: Selling shareholders include AHVF II Holdings Singapore, Apis Growth, Link Investment Trust (via Vikas Srivastava), and Otter. Fresh issue proceeds will augment Tier-I capital to support future lending and business growth.
Hero FinCorp raised Rs 50 crore from Vattikuti Ventures in its second pre-IPO round, reducing its fresh issue to Rs 1,790 crore in the Rs 3,668.1 crore IPO.
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