Hero FinCorp, the NBFC arm of Hero MotoCorp, has successfully raised ₹50 crore through its second pre-IPO placement round, attracting investment from Vattikuti Ventures LLC, a US-based venture capital firm led by philanthropist Raj Vattikuti.
In this round, Hero FinCorp allotted 3.57 lakh equity shares at a price of ₹1,400 per share to Vattikuti Ventures. This values the company at approximately ₹25,014 crore.
🔹 Impact on IPO Structure:
Due to this investment, the fresh issue size of Hero FinCorp’s IPO has been revised down by ₹50 crore. The new fresh issue size now stands at ₹1,790 crore, reduced from the earlier planned ₹1,840 crore.
The total IPO size, however, remains at ₹3,668.1 crore, which includes:
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₹1,790 crore from the fresh issue
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₹1,568.1 crore through an offer-for-sale (OFS) by existing shareholders
This pre-IPO round brings Hero FinCorp’s total pre-IPO fundraising to ₹310 crore out of a planned ₹420 crore, marking strong investor interest in the NBFC sector.
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📈 What’s Next for Hero FinCorp?
The raised funds will be used to strengthen Tier-1 capital and support the company’s future business expansion plans. Hero FinCorp has been focused on increasing its loan book and digital presence, and this capital infusion will help boost its balance sheet before going public.
Hero FinCorp is expected to file its DRHP with SEBI soon, and the IPO could hit the market later in 2025.
