Heranba Industries share to make debut on March 5, likely to list at a premium of 40%
Heranba Industries share is expected to list with a premium of 40% to the IPO issue price of Rs 627 per share
BusinessToday.In | March 4, 2021 | Updated 15:52 IST
Heranba Industries grey market premium (GMP) has surged to Rs 260 per share, signaling a stellar listing bourses tomorrow
Heranba Industries share will make its debut on BSE and NSE on March 5. The agrochemicals company is expected to list at a premium of over 40% to the IPO issue price of Rs 627 per share. Heranba Industries grey market premium (GMP) has surged to Rs 260 per share, signaling a stellar listing bourses tomorrow.
India Business News: NEW DELHI: The share allocation of Gujarat-based crop protection chemicals manufacturer Heranba Industries will be finalised on Tuesday.
Heranba Industries IPO subscribed 83 times on the last day of bidding
Heranba IPO closes on February 25. (Photo source: heranba.co.in)
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The public issue received bids for 58.15 crore equity shares against an offer size of 69.81 lakh shares
The retail investors portion of the share sale was subscribed 11.84 times, while that of non-institutional investors has been subscribed 271.15 times
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Mumbai : The ₹625-crore initial public offering (IPO) of Heranba Industries was subscribed 83.29 times on Thursday, the last day of bidding, on the back of overwhelming response from non-institutional investors.
The public issue received bids for 58.15 crore equity shares against an offer size of 69.81 lakh shares, according to the subscription data available on the exchanges. The offer size excludes anchor book of over 29.90 lakh equity shares. The company has already raised ₹187.5 crore from anchor investors on Monday.
After managing to barely snap their 5-day losing run on Tuesday, the benchmark indices look poised for a gap-up start in today s trade even as the global setup remained mixed. At 7.15 am, Nifty futures on the Singapore Exchange traded 94 points up at 14,808. In the overnight session, the Dow & S&P500 recouped early losses after Federal Reserve Chairman Jerome Powell signaled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged US economy even as he voiced expectations for a return to more normal, improved activity later this year. Powell said that Fed would remain accommodative and would not change without advance warning.
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.