Hero Fincorp IPO GMP Today

Hero Fincorp is a non-banking financial company (NBFC) that provides a range of financial services to retail customers and micro, small, and medium enterprises (MSMEs) in India. Its offerings include vehicle loans (two-wheeler, used car, and electric vehicle loans), personal loans, mortgage loans, and MSME financing (secured and unsecured loans for business needs). Hero Fincorp also offers loans to corporate and institutional customers. The company operates under the "Hero" brand and leverages the extensive distribution network of its parent company, Hero MotoCorp, which has a wide dealer presence across India. Hero Fincorp utilises a digital platform for customer acquisition and loan management. The company is headquartered in India and has an extensive presence across the country with a combination of in-house teams and distribution partnerships. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Augmenting the company’s Tier-I capital to support future lending requirements. Covering expenses related to the offer.