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.