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MUMBAI: Gujarat-based agrochemical company, Heranba Industries has raised Rs 187.51 crore by allotting 29.91 lakh shares to 18 anchor investors on Monday, a day prior to its issue opening for public bidding. The shares were issued at Rs 627 apiece, which is the upper end of the price band.
Government Pension Fund Global has been allotted a major chunk of 18.67% of the anchor allotment while HDFC Mutual Fund subscribed about 12%. Other anchor investors include Society Générale, Morgan Stanley, Jupiter India Fund, Max Life Insurance, IIFL Special Opportunity Fund,
IDFC Mutual Fund, Dovetail India Fund among others.
Heranba Industries IPO will open on 23 February for subscription and the company has fixed a price band of Rs 626-627 per share. The issue closes on February 25.