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Heranba Industries to raise Rs 625 crore via IPO; price band fixed at Rs 626-627 The issue comprises of a fresh issue of Rs 60 crore and an offer for sale of 90.15 lakh equity shares by promoters. Heranba will utilise net fresh issue proceeds for working capital requirements. February 16, 2021 / 08:01 AM IST Crop protection chemical manufacturer Heranba Industries is set to launch its Rs 625-crore initial public offering on February 23 at a price band of Rs 626-627. The offer will close on February 25. The issue comprises of a fresh issue of Rs 60 crore and an offer for sale of 90.15 lakh equity shares by promoters. Heranba will utilise net fresh issue proceeds for working capital requirements. ....