Hero Fincorp Ipo
Hero Fincorp IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Jm Financial Limited
Axis Capital Limited
Bofa Securities India Limited
Hdfc Bank Limited
Hsbc Securities & Capital Markets Pvt Ltd
ICICI Securities Limited
Jefferies India Private Limited
SBI Capital Markets Limited
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹3,668.13 Crores |
| Fresh Issue: | Approx ₹2,100 Crores |
| Offer for Sale: | Approx ₹1,568.13 Crores, [.] Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| DRHP Draft Prospectus: | |
| RHP Draft Prospectus: |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026- 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,27,30,667 | -% |
| Promoter Holding Post Issue | – | -% |
| Purpose | Crores |
| Augmentation of the Company’s Tier – I Capital base to meet the Company’s future capital requirements towards onward lending. | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹4,797.51 | ₹5,051.54 | ₹191.9 | ₹34,399.04 |
| 2023 | ₹6,447.55 | ₹5,712.32 | ₹479.95 | ₹43,451.23 |
| 2024 | ₹8,359.73 | ₹7,399.18 | ₹637.05 | ₹53,204.66 |
| KPI | Values |
| ROE: | 11.57% |
| ROCE: | -% |
| EBITDA Margin: | 53.50% |
| PAT Margin: | -% |
| Debt to equity ratio: | 8.01 |
| Earning Per Share (EPS): | ₹50.04 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 11.05% |
| Net Asset Value (NAV): | ₹452.92 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bajaj Finance Limited | 236.89 | 28.77 | 18.84% | 1,239.03 | 54,969.49 Cr. |
| Cholamandalam Investment & Finance Company | 41.17 | 34.36 | 17.46% | 233.26 | 19,139.62 Cr. |
| Poonawalla Fincorp Limited | 21.89 | 17.37 | 20.61% | 105.44 | 3,109.01 Cr. |
| Sundaram Finance Limited | 130.31 | 33.88 | 16.63% | 997.10 | 7267.12 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |