Hero FinCorp Raises ₹50 Cr in 2nd Pre-IPO Round; IPO Size Now ₹3,668.1 Cr.

Latest Update: Hero FinCorp, the NBFC arm of Hero MotoCorp, has raised ₹50 Cr from Vattikuti Ventures in its second pre-IPO round. Deal Details: • Shares Allotted: 3.57 lakh • Price per Share: ₹1,400 • Investor: Vattikuti Ventures (owned by U.S.-based entrepreneur Raj Vattikuti) • Company Valuation: ₹25,014 Cr This reduces the fresh issue portion of the IPO by ₹50 Cr, bringing it down to ₹1,790 Cr. Pre-IPO Fundraising So Far: • Round 1: ₹260 Cr raised from 12 investors including Paramount Products, Shahi Exports, and Yugul Chit Fund • Round 2: ₹50 Cr from Vattikuti Ventures • Total Pre-IPO Raised: ₹310 Cr (out of planned ₹420 Cr) IPO Details: • Filing Date: July 31, 2025 • Total Issue Size: ₹3,668.1 Cr - Fresh Issue: ₹1,790 Cr (revised) - Offer-for-Sale (OFS): ₹1,568.1 Cr by existing investors • Sellers include: AHVF II Holdings Singapore, Apis Growth, Link Investment Trust (via Vikas Srivastava), and Otter Use of Funds: Fresh issue proceeds to be used for boosting Tier-I capital to support future loan growth Book Running Lead Managers: JM Financial, Axis Capital, BofA Securities, HDFC Bank, HSBC, ICICI Securities, Jefferies, SBI Capital Markets About Hero FinCorp: • Offers loans to retail, MSME, and corporate clients • Competes with Bajaj Finance, Poonawalla Fincorp, Cholamandalam, and Sundaram Finance Hero FinCorp is gearing up for a strong market debut with solid backing and focused capital deployment plans.