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Ownership of Hero FinCorp is divided among several key stakeholders.
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This assessment positioned the company’s value in the unlisted market at an impressive ₹13,220 crore. The sought-after valuation is a substantial 2.8 times greater than the company’s book value.Ī market insight shared on May 11 by media, referring to dealers, highlighted that Hero FinCorp’s unlisted shares were trading at ₹1,030 each, marking a valuation nearly 2.5 times higher than the company’s book value. Notably, as of the end of the fiscal year 2022-23, Hero FinCorp boasted a book value of ₹5,288 crore. The projected IPO could potentially place a valuation of $1.8 billion, approximately ₹14,932 crores, on this non-banking financial institution. Sources suggest that the selection of advisors may be finalized shortly.
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During this period, they have engaged with 7 to 8 investment banks, comprising both domestic and international entities. This move is in pursuit of suitable underwriters for their intended initial public offering (IPO), which aims to generate around ₹4,000 crore in funds.Īs a vital arm of the two-wheeler giant, Hero FinCorp specializes in offering both retail and commercial loans.
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Hero FinCorp, an extension of Hero MotoCorp, India’s largest two-wheeler manufacturer, has recently engaged in discussions with various investment banks over the past fortnight. Aims to achieve a valuation of ₹14,932 crore ($1.8 billion) which clearly reflects the significant interest shown by investors in this particular sector. This non-banking financial institution specializes in providing commercial loans. Hero FinCorp, a division of Hero MotoCorp, the two-wheeler manufacturer, in India, is currently engaging in discussions, with investment banks to execute its intended public offering (IPO) of ₹4,000 crore.
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