Description
Hero Fincorp Limited is a non-banking financial company (NBFC) that provides retail finance for the sale of two-wheelers to Hero Motor Corporation Limited. Hero Fincorp Limited is a leading credit champion in India. Launched in December 1991 and previously known as Hero Honda Finlease Limited, Hero Fincorp was the result of the restructuring of parent company Hero MotoCorp Limited.
In August 2023, Hero Fincorp announced that they will have a ₹4000 crore IPO in 2024. However, the actual amount of the IPO is subject to market changes at that time. Hero MotoCorp holds a 40 percent stake in the company, while its promoter family, the Munjal family, holds about 35% of the company, and the rest is in the hands of private equity investors. This will ensure an increase in the share price of Hero Fincorp.
The financial growth of the company is visible in the annual financial statements. With net margin profit growth of 1.1%, it has increased from 5.6% to 6.7%. Unlisted shares of Hero Fincorp are attracting many investors and financial advisors. Moreover, the company’s net profit has also skyrocketed in the last three years. The unlisted shares of Hero Fincorp are rising gradually, also the volatility of the share price of Hero Fincorp company increases the importance of being the best-unlisted shares for long-term investment.
