Heranba Industries IPO opened today: Make sure you checked these before buying

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Heranba Industries IPO opened today: Make sure you checked these before buying

The allocation size of the IPO was set at 23 with the upper price range of ±627. Therefore a lot will cost 14,421 and retail investors can apply for up to 13 lots.

Heranba Industries Limited will open its initial public offering (IPO), with a pricing band of Rs.626-627 per share, on Tuesday, 23 February. The matter will be closed on 25 February. Heranba industry, a leading manufacturer of synthetic pyrethroids, produces intermediates, engineering products, and formulations, exporting to over 60 countries. It has three manufacturing plants in Vapi, an industrial city in Gujarat.

Heranba Industries IPO opens tomorrow: Make sure you checked these

Here is all you need to know about the IPO of the Heranba industries:

  1. The allocation size of the IPO was set at 23 with the upper price range of ±627. Therefore, one batch will cost 14,421 and retail investors can apply for up to 13 batches.
  2. The Heranba IPO share allocation is expected to conclude on March 2 and the IPO listing may take place on March 5.
  3. The lead managers of the IPO are EmKay Global Financial Services Ltd and Batlivala and Karani Securities India.
  4. The IPO’s registrar will be Bigshare Services Pvt Ltd.
  5. Heranba offers up to 99,8 lakh shares through the IPO, with an offer of 90,2 lakh shares, and the remainder through a new issue of shares.
  6. The funds raised by the IPO will be used to finance the operating capital needs of the company and general corporate purposes.
  7. Heranba Industries recorded a turnover of Rs.951 in FY20 compared to Rs.745 in FY18. The company’s total profit rose to 97 crores in FY20.
  8. Heranba Industries Limited accounts for 19.5 percent of the total production values of Indian pyrethroids.
  9. On the online portal of Bigshare Services, the IPO registration, investors can review the subscription status for the IPO: https://www.bigshareonline.com/BSSIPOApplicationStatus.aspx
  10. After the IPO, the promoters and promoter shareholdings will decrease to 74.15% from 98.85% and public shares will increase to 25.85% from 1.15%.

Heranba Industries IPO opened today: Make sure you checked these before buying

Rajat Singh
Rajat Singhhttps://bioinformaticsindia.com
Rajat Singh is the Editor-in-chief at Bioinformatics India, he is a Master's in Bioinformatics and validates all the data present on this website. Independent of his academic qualifications he is a marketing geek and loves to explore trends in SEO, Keyword research, Web design & UI/UX improvement.

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