Hero FinCorp Unlisted Share Description – Hero FinCorp was founded in December 1991 as Hero Honda FinLease. That’s when the company’s journey in the Indian financial sector began. Today, it operates across leasing, financing, and bill discounting and has a subsidiary, Hero Housing Finance, which focuses on housing loans.
The company offers a wide range of financial products. These include Used Car Financing, Personal Loans for customers who are loyal to the brand or shopping in the open market, Partnership Financing, Business Loans that don’t require any collateral, Inventory Funding, Supply Chain Financing, Construction Financing, Loans Against property, and financing for SMEs and emerging corporates.
That two-wheeler business is now present in over 1,000 dealerships across the country at the end of FY 2024. Hero FinCorp services are available at over 4,500 touchpoints across more than 2,200 cities, towns, and villages, having serviced over 8 million customers as of November 2024. The team has enhanced its capacity to process up to 3,500 applications per month, including both EMI and no-EMI loans.
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Products & Services of Hero FinCorp
- Unsecured Business Loans
- Two-Wheeler Loans
- Pre-Owned Car Loan
- Loyalty Personal Loan
- Inventory Funding
- Loan Against Property
- Loans to SMEs and Emerging Corporates
- Bill Discounting or Invoice Discounting
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Key Highlights –
- Hero FinCorp has got the green light for its IPO of equity shares. That involves a fresh issue of shares worth INR 2,100 crore and an offer for sale of INR 1,568 crore by some of its existing shareholders. The total capital the company plans to raise through that IPO is INR 3,668 crore. The funds from the fresh issue will be utilized to strengthen the company’s capital base for future lending activities.
- The company assets under management crossed the landmark of INR 50,000 crore, currently standing at INR 51,821 crore as of 31 March 2024, having grown 24% from last year.
- The company achieved the highest-ever disbursal of INR 34,463 Cr, up by 24%, further showcasing its financial progress.
- During the review period, receivables from financing activities, including the leasing portfolio, increased by 22.98%, rising from INR 37,800 crore in FY 2022-23 to INR 46,488 crore in FY 2023-24.
- The total income experienced a growth of 29.37%, moving from INR 6,032.93 crore in FY 2022-23 to INR 7,804.69 crore in FY 2023-24.
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Hero FinCorp Credit Rating:
HFCL believes that its credit rating and strong brand equity enable it to borrow funds at competitive rates. The credit rating details of the company as of 31 March 2024 were as follows:
Hero FinCorp Board of Directors
- Mr. Abhimanyu Munjal, Joint MD & CEO
- Mrs. Renu Munjal, Non-Executive Director
- Mr. Pawan Munjal, Chairman & Director
- Mr. Paramdeep Singh, Independent Director
- Mr. Amar Raj Bindra, Independent Director
- Mr. Sanjay Kukreja, Independent Director
- Mr. Pradeep Dinodia, Independent Director
- Ms. Anuranjita Kumar, Independent Director
Hero FinCorp Unlisted Share Details
| Name | Hero FinCorp Unlisted Share Details |
| Face Value | INR 10 per share |
| ISIN Code | INE957N01016 |
| Lot Size | 25 shares |
| Demat Status | NSDL, CDSL |
| Share Price of Hero FinCorp | INR 1,410 per share |
| Market Cap | INR 17,950 crores |
| Total number of shares | 12,73,06,674 shares |
| Website | www.herofincorp.com |
Hero FinCorp Unlisted Share Details – Shareholding Pattern
The details of shareholders holding more than 5% of shares as of 31 March 2024:
| Shareholder Name | % to Holding | No. of shares |
| Promoters’ Holding | 79.54 | 10,12,56,432 |
| Non – Promoters’ Holding | 20.46 | 2,60,50,242 |
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Hero FinCorp Unlisted Share Details – Financial Performance
| Particulars | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 4,738.66 | 6,401.60 | 8,290.90 |
| Revenue Growth (%) | 10.77 | 35.09 | 29.51 |
| Expenses | 5,051.69 | 5,712.33 | 7,399.17 |
| Net income | (191.90) | 479.95 | 637.05 |
| Margin (%) | (4.05) | 7.50 | 7.68 |
| EBITDA Margin (%) | 32.64 | 44.81 | – |
| Debt/Equity | – | 4.09 | 4.66 |
| EPS | (15.07) | 37.67 | 49.94 |
| Dividend (per share) | 0.00 | 8.10 | 10.0 |
Hero FinCorp Annual Reports
Hero FinCorp Annual Report FY 2023 – 2024
Hero FinCorp Annual Report FY 2022 – 2023
Hero FinCorp Annual Report FY 2021 – 2022
Hero FinCorp Unlisted Share Peer Comparison
| Company | 3-yr Sales CAGR (%) | Debt/ Equity | PE Ratio | Net Margin (%) | MCap (INR crore) |
| Hero FinCorp | 24.68 | 4.66 | 28.23 | 7.68 | 17,950 |
| Cholamandalam Investment | 25.9 | 7.38 | 29.9 | 17.85 | 1,21,499 |
| Bajaj Finance | 27.3 | 3.74 | 33.8 | 26.29 | 5,40,035 |
| Shriram Finance | 27.8 | 3.97 | 15.2 | 20.34 | 1,23,334 |
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Hero FinCorp Unlisted Share FAQs
Is it safe to purchase unlisted shares in India?
While there are risks associated with unlisted shares, purchases made from credible brokers and after conducting due diligence considerably lower these risks.
What is Hero FinCorp share price today?
Hero FinCorp share price in grey market today is INR 1,410 per share. Shares are purchased in lots of 25 shares.
Who determines Hero FinCorp unlisted share price?
Hero FinCorp share price is determined by various factors including recent transaction price, supply and demand, valuation in the latest funding round, profitability, and return ratios.
When is Hero FinCorp IPO planned?
The Hero FinCorp IPO is expected to be in the second week of March 2025.
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