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Hero FinCorp is an Indian NBFC and an associate company of Hero MotoCorp. It provides consumer finance services and loans against property, and is also engaged in commercial lending, such as working capital loans and machinery loans.
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After creating an account on Altcase and transferring funds against your NSE shares order, it takes a maximum of 7 working days for the shares to be credited to your demat account. The successful credit of NSE shares to your demat account marks the end of the transaction.
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Yes, the shares are freely transferable. You can sell the shares once they are in your demat account. However, the shares are subject to a 6-month lock-in after the company's IPO during which you won't be able to sell your shares to anyone.
NSE's IPO has been in the news for close to 10 years now. However, there is still no clarity regarding NSE's public market listing through IPO.
Unlisted shares carry the same risks as investing in listed shares or equity mutual funds. Additionally, unlisted shares have liquidity risk and transparency risk. Liquidity risk refers to the risk that you may not be able to sell the shares at will. Transparency risk arises from the fact that unlisted companies may not be subject to the same reporting standards as listed companies.
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