Hero MotoCorp’s associate company, Hero FinCorp, has filed an addendum to its draft red herring prospectus (DRHP) for its proposed initial public offering (IPO) on November 17, 2025. The IPO consists of a fresh issue of equity shares and an offer for sale by existing shareholders. The offering is subject to regulatory approvals and market conditions.
FinCorp IPO Progress
Hero MotoCorp has announced that Hero FinCorp Limited, an associate company, filed an addendum to its Draft Red Herring Prospectus (DRHP) on November 17, 2025. This filing relates to the proposed initial public offering (IPO) of Hero FinCorp. The original communication regarding the DRHP was dated August 1, 2024.
Details of the Offering
The IPO includes both a fresh issue of equity shares and an offer for sale of equity shares by certain existing and eligible shareholders. The IPO is contingent upon regulatory approvals, prevailing market conditions, and other relevant considerations. The initial DRHP was dated July 31, 2024.
Key Updates
The addendum to the DRHP incorporates updates to the draft red herring prospectus dated July 31, 2024. This includes adoption of the restated consolidated financial statements of the Company for Fiscal 2025 and six-months periods ended September 30, 2025 and September 30, 2024 by the Board of Directors of the Company on November 14, 2025.
Source: BSE
