Heranba Industries Ltd IPO
IPO Details
- Open Date 23-Feb-21
- Close Date 25-Feb-21
- Lot Size 23
- IPO Size ₹ 625.24 Cr
- IPO Price Range ₹ 627
- Min Investment ₹ 14421
- Listing Exchange -
- Basis of Allotment TBA
- Refunds TBA
- Credit to Demat Account TBA
- Listing Date TBA
IPO Synopsis
Initial public offering of 99,71,937 equity shares of face value of Rs. 10.00 each of Heranba Industries Limited (The company or The Issuer) for cash at a price of Rs. 627 per equity share (offer price) (including a share premium of Rs. 617 per equity share) agregating to Rs. 625.24 crores (the offer) comprising a fresh issue of 9,56,937 equity shares aggregating to Rs. 60.00 crores (fresh issue) and an offer for sale of 90,15,000 equity shares comprising 58,50,000 equity shares by, Sadashiv K. Shetty, up to 22,72,038 equity Shares, by Raghuram K. Shetty, 8,12,962 equity shares, by Sams Industries Limited, 40,000 equity shares by Babu K. Shetty, 40,000 equity shares and by Vittala K. Bhandary (collectively, The selling shareholders) aggregating to Rs. 565.24 crores (offer for sale) of the offer. The offer will constitute 24.92%, of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs.10 each and the offer price Rs.627 is 62.7 times of the face value.
Heranba Industries Ltd Financial Status
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Contact Details of Heranba Industries Ltd IPO
Contact Information
Plot No 1504/1505/1506/1,
GIDC Phase-III Vapi,
Valsad, Gujarat 396195
Heranba Industries Ltd IPO Lead Manager
Batlivala & Karani Securities India Pvt LtdEmkay Global Financial Services Ltd
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