Heranba Industries Limited IPO
Heranba Industries Limited was a mainboard IPO in the Pesticides & Agrochemicals sector, offered at ₹626–₹627 per share to raise ₹625 crore. The issue was subscribed 83.29× overall (QIBs 67.45×, NIIs 271.15×, retail 11.84×). It listed on 5 Mar 2021 at ₹900 and closed its first day at ₹813, a listing gain of +29.6% versus the ₹627 issue price. It now trades around ₹145 (-76.9% versus the issue price).
Frequently asked questions
- How many times was the Heranba Industries Limited IPO subscribed?
- The Heranba Industries Limited IPO was subscribed 83.29× overall — 67.45× in the QIB category, 271.15× among non-institutional investors, 11.84× in retail.
- What were the Heranba Industries Limited IPO listing gains?
- Heranba Industries Limited listed on 5 Mar 2021 at ₹900, closing its first day at ₹813 — a listing gain of +29.6% versus the ₹627 issue price.
- What were the retail allotment odds for the Heranba Industries Limited IPO?
- Retail was subscribed 11.84×, so a single-lot application had roughly a 8.4% chance of allotment (about 1 in 12), and allotment was finalised on 1 Mar 2021.
- What was the price band and lot size of the Heranba Industries Limited IPO?
- The price band was ₹626–₹627 per share, with a minimum lot of 23 shares (₹14,421 at the upper band).
- Who were the registrar and lead manager for the Heranba Industries Limited IPO?
- Bigshare Services Private Limited was the registrar, and Emkay Global was the book-running lead manager.