Hero FinCorp IPO GMP, Open Date, Price Band, Allotment Status

Hero FinCorp IPO open date (tentative) is expected to be in between December 20, 2024 to December 24, 2024. This new IPO is a book-built issue of Rs 3,668.13 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale.

The fresh Issue is of Rs 2,100 crore and offer-for-sale is of Rs 1,568 crore. This issue size of Rs 3,668.13 is mentioned in Hero FinCorp IPO DRHP

Also Read | BOAT IPO GMP, Open Date, Price Band, Allotment Status, Listing Date 

Hero FinCorp IPO GMP 

Hero FinCorp IPO GMP is around Rs 68 per share. As per sources, Hero FinCorp IPO price band is expected to near Rs 428 per share. The grey market premium (GMP) quotation indicates huge interest of retail investors

After the release of the IPO issue date final GMP quote will be available. You can check the latest grey market premium online before the IPO begins. If the Hero FinCorp IPO GMP subscription got oversubscribed then Hero FinCorp IPO GMP might rise in the coming days.

Hero FinCorp IPO Price Band

Hero FinCorp IPO price band is expected to be Rs 428 + per share. However, the final price band is not yet released. The minimum amount of investment for the retail category is to be around Rs 14,850 and for small NII minimum investment is to be around Rs 2,01,000.

The minimum investment for the Big NII is to be around Rs 10,01,000. Hero FinCorp IPO lot size is expected to be 34 shares.

Hero FinCorp IPO Allotment Status

Hero FinCorp IPO allotment status (tentative) is expected to be finalised in the last week of December 2024. The listing will be on the BSE and NSE platforms in the last week of December 2024 or first week of January 2025.

The registrar of this IPO is expected to be Link Intime India Limited. Investors can check their allotment status after the subscription of the IPO ends. Hero FinCorp IPO subscription status will be updated from the first day of IPO opening.

Hero FinCorp IPO Listing Date

Hero FinCorp IPO listing date (tentative) is expected to be in the last week of December 2024 or in the first week of January 2025. The Hero FinCorp IPO listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Hero FinCorp IPO: Listing Date, Lot Size, Price Band 

Hero FinCorp IPO  Limited: About the Company

Hero FinCorp was incorporated in 1991, as Hero Honda Finlease Limited. It is a NBFC company engaged in consumer finance and commercial lending. The product and services of Hero FinCorp Limited is two-wheeler loan, Loyalty Customer personal Loans, Used Car Finance, Loan against property.

Hero Fincorp has experienced sharp growth supported by its wide dealership network, well structured financing products. The company has a big customer base and presence in urban and rural areas in India and is focused on enhancing financial inclusion.

Hero Fincorp has ambitious plans to increase the penetration in the userved demographic areas with the technology and innovation of new financial products.

Hero FinCorp IPO Objectives 

Hero FinCorp IPO objective is to raise funds from the market. The funds will be used for Augmentation of our Company’s Tier – I capital base to meet  future capital requirements towards onward lending.

Hero FinCorp IPO Subscription Details, IPO Reservation 

Hero FinCorp IPO subscription details will be available after the IPO opens on 20 December 2024. In the QIB category 75% of the net offer is reserved. The remaining 15% is reserved for the retail investors and 10% is for Non-Institutional investors.

Hero FinCorp IPO Lot Size Details 

Hero FinCorp IPO IPO lot size is 34 shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,850, and the maximum is 13 lots, amounting to be around Rs 1,90,000. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,01,000.

Hero FinCorp IPO Promoter Holdings

Hero FinCorp IPO promoters are Hero Motocorp Limited, Bahadur Chand Investment Private Limited, Hero Investcorp Private Limited, Brijmohan Lal Om Prakash, Pawan Munjal, Renu Munjal, Suman Kant Munjal, Renuka Munjal and Abhimanyu Munjal. The promoters' shareholdings before the IPO were x%; however, after the IPO, shareholdings will decline.

Hero FinCorp IPO Registrar

Hero FinCorp IPO registrar is Link Intime India Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Hero FinCorp IPO Lead Managers

Hero FinCorp IPO lead managers are JM Financial Limited, Axis Capital Limited, BOFA Securities Limited, HDFC Bank Limited, HSBC Securities and Capital Market India Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited.

How to apply to Hero FinCorp IPO 

Interested investors can apply to the Hero FinCorp IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Hero FinCorp IPO Review 

Hero FinCorp IPO is expected to get a positive response from the general public. The company is involved in the lending business. So, investors interested in the NBFC sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Hero FinCorp IPO GMP will also rise.

Hero FinCorp IPO FAQ

1. What are the details of the Hero FinCorp IPO? 

Hero FinCorp IPO  is a book-built issue of Rs 3,668.13 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 2,100 crore and offer-for-sale is of Rs 1,568 crore. This issue size of Rs 3,668.13 is mentioned in Hero FinCorp IPO DRHP.

2. When will the Hero FinCorp IPO open and close?

Hero FinCorp IPO open date (tentative) is expected to be in between December 20, 2024 to December 24, 2024.

3. What is Hero FinCorp IPO GMP?

Hero FinCorp IPO GMP is around Rs 68 per share. As per sources, Hero FinCorp IPO price band is expected to near Rs 428 per share. The grey market premium (GMP) quotation indicates huge interest of retail investors.

4. What are the details of Hero FinCorp IPO reservation?

Hero FinCorp IPO subscription details will be available after the IPO opens on 20 December 2024. In the QIB category 75% of the net offer is reserved. The remaining 15% is reserved for the retail investors and 10% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Hero FinCorp IPO allotment status (tentative) is expected to be finalised in the last week of December 2024. The listing will be on the BSE and NSE platforms in the last week of December 2024 or first week of January 2025.

6. Who is the registrar and lead managers for Hero FinCorp IPO?

Hero FinCorp IPO's registrar is Link Intime India Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.

The lead managers' names are JM Financial Limited, Axis Capital Limited, BOFA Securities Limited, HDFC Bank Limited, HSBC Securities and Capital Market India Private Limited, Jefferies India Private Limited and SBI Capital Markets Limited. 

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?