Heranba Industries IPO subscribed 83 times on the last day of bidding

Heranba Industries IPO subscribed 83 times on the last day of bidding
Heranba IPO closes on February 25. (Photo source: heranba.co.in)
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The public issue received bids for 58.15 crore equity shares against an offer size of 69.81 lakh shares
The retail investors portion of the share sale was subscribed 11.84 times, while that of non-institutional investors has been subscribed 271.15 times
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Mumbai : The ₹625-crore initial public offering (IPO) of Heranba Industries was subscribed 83.29 times on Thursday, the last day of bidding, on the back of overwhelming response from non-institutional investors.
The public issue received bids for 58.15 crore equity shares against an offer size of 69.81 lakh shares, according to the subscription data available on the exchanges. The offer size excludes anchor book of over 29.90 lakh equity shares. The company has already raised ₹187.5 crore from anchor investors on Monday.

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