Overview

• The IPO comprises a ₹2,100 crore fresh equity issuance and a ₹1,568 crore offer-for-sale by existing investors.
• Selling shareholders include AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust through Vikas Srivastava and Otter Ltd.
• SEBI granted its observations on May 22, authorizing Hero FinCorp to move forward with the public offering.
• As of March 2024, the NBFC managed assets worth ₹51,821 crore and served a customer base of 1.18 crore across retail and MSME segments.
• Equity shares are proposed to be listed on the BSE and NSE with six book-running lead managers overseeing the issue.