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.
Indian Railways owned RailTel’s IPO: Here’s how to check share allotment status
Navdeep YadavFeb 22, 2021, 08:36 IST
BCCL
The ₹819 crore ($112 million) initial public offering (IPO) of state-run RailTel Corp received tremendous response from investors.
The IPO garnered 42 times subscription and generated bids worth more than ₹259.42 crore against the offer size of 6.12 crore shares.
Here’s how to check RailTel IPO allotment status on the stock-exchange and registrar website.
Check out the latest news and updates on Business Insider.The ₹819 crore ($112 million) initial public offering (IPO) of state-run RailTel Corp received tremendous response from investors. And, now all investor’s eyes are waiting for the allotment date. The basis of the allotment of the IPO will be announced on February 23.
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How to check RailTel IPO allotment status
RailTel IPO Allotment Status Check: The initial public offer (IPO) of state-owned RailTel Corporation of India Limited received tremendous response from investors. It was subscribed 42.39 times. According to data available with the NSE, the Rs 819.24-crore offer received bids for 2,59,42,43,370 shares against 6,11,95,923 shares on offer.
The portion of the IPO reserved for retail investors was subscribed 16.78 times, whereas the qualified institutional buyer was subscribed 65.29 times. The public issue was of 8,71,53,369 equity shares and had a price range of Rs 93-94 per share.
The basis of the allotment of the IPO will be announced on February 23. RailTel IPO was oversubscribed and the allotment process will be done through a lottery system. The registrar of the RailTel IPO will initiate the refund process on February 24.Â
The initial public offering (IPO) of state-owned telecom infrastructure provider RailTel Corporation of India (RailTel) got bids 42 times more demand than the shares on offer. The offering for 61 million shares got bids for 2.6 billion. The institutional investor portion of the IPO was subscribed 65 times and the high-net-worth individual (HNI) portion was subscribed 73 times. The retail and employee categories were subscribed 17 times and 3.4 times, respectively. Given the high demand, the government is likely to price the Rs 820-crore IPO at Rs 94, the top-end of the price band. At that price, the company will be valued at around Rs 3,000 crore.
In FY20, the company had clocked net profit of Rs 140 crore on revenues of Rs 1,128 crore.
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NEW DELHI: HDFC Mutual Fund bought Tata Motors shares with both hands in January, along with some midcap non-banking financial companies even as the fund house dumped some of the biggest names from the Nifty50 index.
The fund management team led by Prashant Jain pounced on Tata Motors, buying 2.47 crore shares of the automaker. The stock has gained momentum in the past couple of months thanks to better-than-expected performance and a possible deal with Tesla.
The fund house also bought 10-95 lakh shares of NHPC, M&M Financial Services, Sun Pharma, Bharat Heavy Electricals Limited (BHEL), Lupin, Equitas SFB, Jindal Steel and Power and Coal India in hopes of a solid boosted for these companies from a domestic economic recovery.