Hero FinCorp IPO: Time to Convert Your Hero FinCorp Unlisted Shares into Profits?
If you invested in Hero FinCorp unlisted shares, now is the best time to book your profits! We are talking about Hero FinCorp, the finance arm of Hero MotoCorp, which is now ready to enter the stock market! Hero FinCorp is bringing an IPO worth 3,668 Crores, including a Fresh Issue of 2,100 Crores and an OFS of 1,568 Crores.
Hero FinCorp is a Non-Banking Financial Company (NBFC) that provides loans for 2-wheeler financing, as well as to retail and small businesses.
In FY24, Hero FinCorp's topline was 8,291 Crores, and the bottom line was 637 Crores, with an AUM of 51,821 Crores.
Previously, we had opened Hero FinCorp pre IPO investment in the range of 700 to 900, which within 2 years has now reached approximately 2000 to 2100. So, you can book your profits in the pre-IPO market now and reinvest at the time of the IPO, as it is expected that the IPO price band will be significantly lower than the current pre-IPO price.
So, are you ready to seize this golden opportunity? Let us know in the comments below!
About Hero FinCorp:
Hero FinCorp (an associate company of Hero MotoCorp), is an Indian Non-Banking Financial Company (NBFC),disbursing a loan every 10 seconds. The company is currently engaged in consumer finance businesses and commercial lending. The company offers retail loans, such as two-wheeler, personal, used car, and loyalty loans; and corporate loans, including SME and commercial loans, loans against properties, unsecured business loans, medical equipment financing, working capital loans, inventory funding, and doctor’s loans, as well as emergency credit lines and loans to small, medium, and corporates, etc.
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