Heranba Industries makes a bumper debut on stock exchanges shares soar 44% over the issue price band
Heranba Industries makes a bumper debut on stock exchanges shares soar 44% over the issue price band
Navdeep YadavMar 5, 2021, 10:11 IST
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The agrochemical company
Heranba Industries listed nearly 43.5% higher and was trading at ₹900 a piece, compared to the IPO issue price of ₹626-627.
The company s market value expanded to ₹3,678 crore after the listing.
Heranba is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permethrin, lambda-cyhalothrin.
Check out the latest news and updates on Business Insider.The agrochemical company Heranba Industries made a bumper debut on the bourses today. The share price of the Gujarat-based crop protection chemical manufacturer, exporter and marketer listed nearly 43.5% higher and was trading at ₹900 a piece, compared to the IPO issue price of ₹626-627.
Heranba IPO: The initial public offer (IPO) of Heranba Industries will open for subscription on Tuesday. The company aims to raise up to Rs 625 crore and the price band for the same has been fixed at Rs 626-627 per share. The issue will close on February 25.