NBFC Hero FinCorp gets Rs 260 crore in pre-IPO round, reduces fresh issue size

Hero FinCorp Raises Rs 260 Cr in Pre-IPO Round, Trims Fresh Issue to Rs 1,840 Cr.

Expert Analysis :

• Pre-IPO Fundraise: Hero FinCorp raised Rs 259.99 crore via a pre-IPO round on June 13, 2025, by allotting 18.57 lakh shares at Rs 1,400 per share.

• Fresh Issue Size Reduced: The fresh issue component was reduced from Rs 2,100 crore to Rs 1,840 crore following the pre-IPO placement.

• Revised IPO Size: The total IPO size now stands at Rs 3,408.13 crore, down from Rs 3,668.13 crore planned earlier.

• Key Investors in Pre-IPO:  Shahi Exports (Rs 69 crore) and RVG Jatropha Plantation (Rs 50 crore) led the pre-IPO round, followed by Mohan Exports (Rs 25 crore) and AP Properties (Rs 22 crore).

• Use of Proceeds: Funds from the fresh issue will be used to augment Tier 1 capital and support future business growth through onward lending.

• Offer-for-Sale Proceeds: Funds from the offer-for-sale will go to selling shareholders AHVF II Holdings Singapore II Pte, Apis Growth II (Hibiscus) Pte, Link Investment Trust (via Vikas Srivastava), and Otter.