Heranba Industries IPO to open on Feb 23: Check price band, lot size & other details
The basis of share allotment is expected to be finalised on March 2 and shares are likely to be credited to Demat account on March 4. The equity shares are proposed to be listed on BSE and National Stock Exchange
BusinessToday.In | February 19, 2021 | Updated 16:31 IST
The shares were trading at Rs 827 in the grey market, quoting a premium of Rs 200 or 32% over the IPO price of Rs 627 apiece
The Rs 625-crore initial public offering (IPO) of Heranba Industries will open for subscription between Tuesday, February 23, 2021, to Thursday, February 25, 2021. The subscription for anchor investors will open on Monday, February 22, 2021, ahead of the public issue.
Heranba Industries to raise Rs 625 crore via IPO; price band fixed at Rs 626-627
The issue comprises of a fresh issue of Rs 60 crore and an offer for sale of 90.15 lakh equity shares by promoters. Heranba will utilise net fresh issue proceeds for working capital requirements. February 16, 2021 / 08:01 AM IST
Crop protection chemical manufacturer Heranba Industries is set to launch its Rs 625-crore initial public offering on February 23 at a price band of Rs 626-627. The offer will close on February 25.
The issue comprises of a fresh issue of Rs 60 crore and an offer for sale of 90.15 lakh equity shares by promoters. Heranba will utilise net fresh issue proceeds for working capital requirements.