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| Price band | Rs. 0 to 0 per equity share |
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We are a scaled NBFC offering a diversified suite of financial products catered primarily to the growing retail customer segment and the rapidly formalising MSME customer segment in India. We offer retail, MSME and CIF loans. Our retail loans include vehicle, personal and mortgage loans. We had AUM of ₹518,208.11 million as at March 31, 2024, of which our retail and MSME loan verticals contributed 65.08% and 20.80%, respectively. Since our inception in 1991, we have grown our customer base to 11.80 million customers, which included 5.00 million active retail customers, and 29,060 active MSME customers and 360 active CIF customers, as at March 31, 2024.
We operate under the recognised and long-standing “Hero” brand, and benefit from the long-standing corporate heritage, strong track-record and reputation of our parent and promoter, Hero MotoCorp Limited. Hero MotoCorp Limited was the largest twowheeler manufacturer in India in terms of domestic unit sales of two-wheeler in Fiscal 2024, according to the CRISIL Report, with a sales volume of 5.4 million units in Fiscal 2024.
Hero MotoCorp Limited holds a 41.19% share in our Company and has invested a total of ₹14,690.40 million in equity capital and ₹7,000 million in compulsorily convertible preference shares (“CCPS”) of our Company since our inception in 1991, as at March 31, 2024. Since its inception, Hero MotoCorp Limited has sold a total of 115 million two-wheelers as at March 31, 2024. We leverage Hero MotoCorp Limited’s extensive two-wheeler distribution network in India, covering 4,257 dealer touchpoints comprising 1,272 dealers and 2,985 sub-dealers (excluding Hero MotorCorp Ltd.’s authorised mechanics and service centres), as at March 31, 2024, to distribute our two-wheeler loans.
We are strategically positioned to tap into the expanding and significantly underpenetrated retail and MSME customer segments in India. As at March 31, 2024, 72.20% of our retail customers came from households with annual incomes ranging from ₹0.20 million to ₹1.00 million, a group we identify as the “Aspiring India” or “Rising India” segment according to the CRISIL Report. We believe that this segment presents a significant opportunity, with the number of households expected to grow from 103.00 million in Fiscal 2022 to 181.00 million by Fiscal 2030, according to the CRISIL Report.
Note: The actual amount will be debited when the shares are allotted to you.
Note: The actual amount will be debited when the shares are allotted to you.
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
Yes. IPO & Bonds will reflect in the portfolio.
In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Bidding time will be till 1200 hrs on the closing day of the issue.
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Yes, you will receive a sms once the IPO form is processed.
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This report provides the debit/credit entry of all the transfers done in the IPO and MF account
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This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).
