Heranba Industries IPO opens tomorrow: 10 things you need to know
Ahead of the IPO, Heranba Industries shares were trading at Rs 732 in the grey market, quoting a premium of Rs 105 or 24 per cent over the issue price of Rs 627 apiece
Chitranjan Kumar | February 22, 2021 | Updated 17:05 IST
Heranba Industries IPO will open on February 23
Heranba Industries Rs 625 crore initial public offering (IPO) will open for subscription between February 23 and 25. The Gujarat-based crop protection chemicals manufacturer has fixed a price band of Rs 626-627 per share for the IPO. This is going to be the eighth IPO this year after Indian Railway Finance Corporation, RailTel Corporation of India, Indigo Paints, Home First Finance Company, Nureca, Stove Kraft and Brookfield India REIT.
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.
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RailTel Corporation IPO: Investors can subscribe for a minimum one lot of 155 shares
RailTel Corporation s Rs 820 crore initial public offer (IPO) will be open for subscription from February 16 to February 18, at an issue price of Rs 93-94 per share. The shares of RailTel are set to be listed on the BSE and NSE on February 26.
The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for the employees. Investors can bid for a minimum one lot of 155 equity shares and in multiples thereafter, up to 13 lots. The quota for retail investors in RailTel IPO is fixed at 35 per cent, qualified institutional buyers quota is 50 per cent and non-Institutional Investors segment is 15 per cent.