The markets regulator on Wednesday approved Hero Fincorp's initial public offering, according to a notification on its website.
By the numbers
The IPO of the financial arm of two-wheeler maker Hero MotoCorp is valued at ₹3,668 crore (about $430 million).
It consists of a fresh issue of shares worth ₹2,100 crore and shareholders will sell stocks worth ₹1,568 crore, as per the prospectus.
Why it’s important
Hero Fincorp's IPO comes at a time when investor sentiment has taken a hit due to global trade and geopolitical tensions.
Companies seeking to tap the Indian capital market have either delayed or downsized their IPOs this year, including LG Electronics India.
The value of shares sold in India at IPOs is down 5 per cent year-on-year in 2025, LSEG data from early-May showed, while the number of issues has dropped 31 per cent.
The blue-chip Nifty 50 is down about 6 per cent from record-highs hit in September. ($1 = 85.3500 Indian rupees)