Financial Performance
Amounts in ₹ crore; EPS in ₹ per share. PAT is total profit for the period, including non-controlling interests. Standalone statements.
Not yet reported for this period and basis.
01 · UNDERSTAND THE BUSINESS
The company in 60 seconds
Incorporated in 1991, Hero Fincorp, part of the Hero MotoCorp group is a scaled NBFC offering a diversified suite of financial products catered primarily to the growing retail customer segment and the rapidly formalizing MSME customer segment in India. The company’s business verticals are the following: i) retail, ii)MSME, and iii) CIF loans. Its retail loans include vehicle, personal, and mortgage loans. MSME Finance includes offering MSME customers (i) secured loans in the form of loans against property and construction finance; and (ii) unsecured loans in the form of business loans and supply chain finance, to support them in the operation and expansion of their businesses, including acquiring fixed assets and meeting working capital needs. In its CIF loans segment, It offers secured loans to corporate & institutional customers such as promoters, holding companies, and operating entities of large corporations.
What supports the business
- The company benefits significantly from the strong track record and reputation associated with the long-standing “Hero” brand.
- The company’s overall customer base is over 11.80 million customers, which includes 5 million active retail customers, 29,060 active MSME customers, and 360 active CIF customers, as of March 31, 2024.
- The company is a strong liability franchise and has access to low-cost borrowing, and strong credit ratings of “AA+ with stable outlook” from CRISIL, ICRA, and CARE, and its commercial papers are rated “A1+” by CRISIL, CARE, and ICRA as at March 31, 2024.
- As of March 31, 2024, The company had a positive asset liability management on a cumulative basis across the majority of the time buckets, with a surplus of 3.17 times.
- The company has a well-integrated technology platform across functions and data-driven operations. Constant digital innovation has led to a significant improvement in its non-cash collections rate from 76.00% in Fiscal 2022 to 83.31% in Fiscal 2024.
What could go wrong
- The company sourced 99% of its two-wheeler loans from its Promoter, Hero MotoCorp’s two-wheeler dealership. Any decline in demand for Hero two-wheelers may adversely affect the business.
- Changes in interest rates may affect its treasury operations, causing net interest income to decline.
- The company extends fixed-rate and floating-rate loans to customers, and any adverse change in interest rates could cause net interest income to decline and adversely affect the business.
- Unsecured loans comprised 39% of total assets under management, respectively. If the company is unable to recover such receivables promptly or at all, the business may be adversely affected
- The company may face asset-liability mismatches, which could adversely affect its liquidity and consequently affect its profitability and financial condition.
- The Indian financial services industry in which the company operates is highly competitive and the growth of the business depends on its ability to compete effectively.
Where will the IPO money go?
Use of proceeds is awaiting review.
Fresh issue proceeds go to the company. Offer-for-sale proceeds go to the selling shareholders.
Provider content · IPOALERTS · Not independently reviewed · Retrieved 3 Oct 2026, 12:08 pm IST · Data source ↗
A research starting point, not an apply/avoid recommendation.
02 · PREPARE YOUR APPLICATION
How much will be blocked?
Category rules pending · Unknown
Applications have not opened yet.
Application rules are awaiting review. Check the issue prospectus or your broker.
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Application help from NSE ↗03 · KEEP TRACK
Dates that matter
Tentative · check for changes- Applications openTo be announced
- Applications closeTo be announced
- Accept UPI mandate byTo be announced
- Allotment expectedTo be announced
- Unblocking startsTo be announced
- Expected listingTo be announced
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Did you get shares?
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UPI mandate missing?
Check your UPI app and application status with the broker or bank you used. Contact that intermediary before the applicable deadline. Submitting a bid alone does not confirm that funds were blocked.
NSE application guidance ↗Financial history & source documents
BUSINESS VS PRICE
Insufficient Data / Price pending
Two comparable YoY results and EBITDA margins are required.
The quarterly journey
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Quarterly results are not available yet. The original IPO baseline is retained separately.
“—” means unavailable, not zero. Year-on-year growth requires a positive comparable period. Cash flow is shown only when reported for that period.
Annual financial history · latest four years
Separate from the original pre-IPO baseline. Amounts in ₹ crore; EPS in ₹.
No annual filings have been imported yet.
Stock journey
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Valuation snapshot
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Sources & further research
Filing sources & update times
Source and verification record
Rhp url ↗ · Unverified · 3 Oct 2026, 12:08 pm IST
Issue size ↗ · Unverified · 3 Oct 2026, 12:08 pm IST
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