All you wanted to know about the upcoming IPO of Hero Fincorp

On August 1, when most of the indexes hit all-time highs, the management of Hero Fincorp announced their upcoming IPO to raise Rs. 3,688 crores.  It consists of two parts: the issuance of new shares to the public worth Rs. 2,100 crores. The other is OFS of Offer for Sale worth Rs. 1,568 crores to the existing shareholders.  The good news and favouring market conditions is raising Hero Fincorp’s share price to an all-time high of Rs. 2,050. It will further fuel the rise as Hero Fincorp Ltd has already increased by over Rs. 1,000 in the last year.  

So, continue reading this blog until the end to learn all about Hero Fincorp coming out with an IPO and its effect on Hero Fincorp’s share price now and in the future to yield high returns. 

What are the details of the recent Hero  Fincorp IPO?

Any company wanting to list in NSE or BSE, the top stock exchanges in India, needs to come out with an IPO or initial public offering to expand its business with the raised money to give value to its investors.  For Hero Fincorp, previously Hero Hondo Finlease, it has been a long wait for over three decades from 1992 to come out with an IPO.  Many top investors worldwide have held significant shares in the company for a long time to get high returns for their investment in Hero Fincorp in the past.  Only on August 1, 2024, Hero Fincorp Ltd announced the filing of DRHP or draft red herring prospectus with SEBI to come out with an IPO.  They have also announced raising Rs. 2,100 from the public and Rs. 1,568 through OFS or offer for sale for APIS Growth II (Hibiscus) Pte Ltd, AHVF II Holdings Singapore II Pte.LTD and Link Investment Trust are the entities. ICICI Securities Ltd, HSBC Securities & Capital Markets (India) Pvt. Ltd, JM Financial Ltd, Jefferies India Pvt. Ltd., BofA Securities India, and SBI Capital Markets will be the lead book managers for the Hero Fincorp IPO. 

When will Hero Fincorp’s share price be available on NSE and BSE?

With Hero Fincorp announcing the filing of DRHP with SEBI and favouring market conditions, the IPO may be available in the next few weeks or months.  Also, lead managers announced the IPO, and Hero Fincorp Ltd announced the writing of the bad debts of around Rs. 1,200 crores to show fantastic results for FY 23 and the first quarter of FY 24.  Hence, pundits expect Hero Fincorp’s share price to be listed on the NSE and BSE soon so that investors can make huge profits. 

The above facts will clear all your doubts about when Hero Fincorp will come out with an IPO to buy from the top broker to reap windfall returns. Stockify provides exclusive access to pre ipo shares and unlisted shares, offering investors early opportunities in high-growth companies. With tailored investment strategies and insights, Stockify helps you diversify your portfolio and capitalize on promising private equity ventures.