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Heranba Industries IPO subscribed 83 times on strong HNI support


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. ....

Heranba Industries , Gujarat Based Heranba Industries , High Net Worth Individuals , Retail Investors , Chemical Industry , Crop Protection Chemical Manufacturer , உயர் நிகர மதிப்பு தனிநபர்கள் , சில்லறை முதலீட்டாளர்கள் , இரசாயன தொழில் , பயிர் ப்ரொடெக்ஶந் இரசாயன உற்பத்தியாளர் ,