Hero FinCorp approves Rs 4,000 crore IPO with fresh issue and offer for sale

Hero FinCorp, the financial services arm of India's largest two-wheeler maker Hero MotoCorp, has approved the Rs 4,000 crore IPO, as per a company statement released on May 29th.

The IPO will consist of a fresh issue of shares and an Offer For Sale by existing shareholders.

In October 2023, Moneycontrol reported, citing sources familiar with the matter, that the targeted size of the proposed IPO could be around Rs 4,000 crore.