Read more about Heranba Industries IPO ends with robust subscription on Business Standard. The issue received bids for 58.15 crore shares as against 69.81 lakh shares on offer.
The intial public offer (IPO ) Gujarat-based Heranba Industries was subscribed 83 times on Thursday, the issue s final day. The institutional investor portion was subscribed 67 times. The wealthy investor portion by 271 times, and retail investors subscribed 11 times the portion reserved for them. The price band for the IPO was set at Rs 626-627 per share. The issue comprises Rs 60 crore of fresh fundraise and Rs 565 crore of offer for sale. At the upper end, the IPO is priced at nearly 23 times its trailing 12-month earnings and values the company at Rs 2,509 crore. Heranba is a crop protection chemical manufacturer, exporter and marketing company.
Read more about Heranba Industries IPO subscribed 2.74 times on Business Standard. The issue received bids for 1.91 crore shares as against 69.81 lakh shares on offer.
Read more about Heranba Industries IPO subscribed 84% on Business Standard. The issue received bids for 58.76 lakh shares as against 69.81 lakh shares on offer.