Hero FinCorp, a financial service arm of Hero MotoCorp, is expected to launch its mega IPO of Rs 4,000 crore next year. For this, the company also shortlisted eight investment banks, which include ICICI Securities, UBS, SBI Capital, JM Financial, Bofa Securities, Jefferies, HSBC Securities, and HDFC. It is the biggest news for the investors of Hero FinCorp Ltd, who are looking to invest in its IPO shares.
As per Mint’s report, the proposed IPO will be the combination of primary and secondary issuance of shares, which will also provide for the existence of the company’s existing investors. If you want to know how the upcoming IPO will impact Hero FinCorp share price in the market, this blog will be helpful for you.
Details Of Hero FinCorp’s Upcoming IPO
Hero FinCorp successfully positioned itself as one of India’s fastest-expanding non-banking financial companies. Its proposed IPO of Rs 4,000 crore is expected to bring enormous investment opportunities for retail investors. As per the paper filed by the company with SEBI, Hero MotoCorp has approximately 40% of stakes in Hero FinCorp. An IPO size shared by the company might also get adjusted, which depends on the market dynamics and strategies employed to sell shares. As a result, the final Hero FinCorp share price at the time of listing is difficult to predict right now.
The recent financial report shared by Hero FinCorp shows that the company’s promoters hold approximately 79.55% of stakes, which need to be diluted at the time of its IPO. In addition, the company also secured an investment of Rs 2,000 crore from Apollo Management and Hero FinCorp as part of its IPO planning. It is clear that Hero FinCorp IPO will benefit retail investors by providing access to a large number of IPO shares.
How Will Hero FinCorp’s IPO Impact Its Share Price?
The financial world is currently buzzing with Hero FinCorp’s IPO news, and every investor wants to know the predicted share price. Hero FinCorp’s pre-IPO shares are currently trading in the unlisted share market. In the coming years, an IPO can positively impact the Hero FinCorp share price, which might benefit retail investors in the future.
Once the company launches its IPO in 2024, it will result in a high demand for Hero FinCorp IPO shares among retail investors. With high demand, you can expect a high share price next year.
However, other factors also contribute to Hero FinCorp’s share price in NSE, including market volatility, financial metrics, etc. So, it is advised to plan an investment in Hero FinCorp IPO shares after overseeing the company’s market valuation and conditions.
Plan Your Early Investment In Hero FinCorp Ltd
If you want to invest in Hero FinCorp IPO, which is expected to launch in 2024, you should plan your early investment in its pre-IPO shares. It involves less risk and provides you early access to its listed shares. You can get all the information on Hero FinCorp’s unlisted shares, like current share price, market valuation, annual report, etc., on trusted unlisted shares trading platform like Stockify. Here, you will get access to expert guidance and essential data to help you plan a profitable investment.
