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.
RailTel makes a decent debut shares list on bourses at 16% premium
Navdeep YadavFeb 26, 2021, 10:12 IST
BCCL
The shares of RailTel listed at about 16% higher at ₹109 apiece, compared to the IPO issue price of ₹93-94 per share.
Within minutes after listing, the shares of RailTel gained 7% of their value and were trading at ₹111.7 apiece at 10:05 am in an otherwise tepid market.
The listing is also in line with analysts expectations which predicted listing gains above 15%.
Check out the latest news and updates on Business Insider.The ₹819 crore ($112 million) initial public offering (IPO) of state-run RailTel Corp made a decent debut after a tremendous investor response. The shares of RailTel listed at about 16% higher at ₹109 apiece, compared to the IPO issue price of ₹93-94 per share.
RailTel Corporation debuts at 16% premium over issue price of Rs 94 business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Shares of
RailTel Corporation of India were commanding a premium of Rs 15-17 per unit in the unlisted market ahead of their debut on exchanges on Friday, February 26, implying listing gains of 16-18 per cent over the issue price of Rs 94 per share. But a correction in the secondary market has dented the listing pop by nearly 50 per cent for RailTel shares as they were trading at Rs 109-112 apiece in the unlisted market from Rs 122 earlier, said grey market watcher Manan Doshi, co-founder of Unlistedarena.com. Keshav Lahoti, equity research analyst at Angel Broking too shares the view and sees a small premium listing for RailTel of around 15 per cent.
Heranba IPO opens today: Should you subscribe to the issue?
The basis of share allotment is expected to be finalised on March 2 and shares are likely to be credited to Demat accounts of investors on March 4. Equity shares are proposed to be listed on BSE and National Stock Exchange
BusinessToday.In | February 23, 2021 | Updated 12:33 IST
Emkay Global Financial Services and Batlivala & Karani Securities India are the book running lead managers to the IPO while Bigshare Services is the registrar of the issue
The Rs 625-crore initial public offering (IPO) of Heranba Industries opened for subscription on Tuesday, February 23, 2021, at a price band of Rs 626-627 per share. The issue closes on Thursday, February 25, 2021.