Heranba Industries Ltd IPO
IPO Synopsis
IPO Synopsis
Heranba Industries Limited, an agrochemical company in India is a leading manufacturer of different types of pesticides including insecticides, fungicides, herbicides, and other pest control products.
Initial public offering of up to [*] 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. [*] per equity share (offer price) (including a share premium of Rs. [*] per equity share) agregating to Rs. [*] crores (the offer) comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 60.00 crores (fresh issue) and an offer for sale of up to 90,15,000 equity shares comprising up to 58,50,000 equity shares by, Sadashiv K. Shetty, up to 22,72,038 equity Shares, by Raghuram K. Shetty, up to 8,12,962 equity shares, by Sams Industries Limited, up to 40,000 equity shares by Babu K. Shetty, Up to 40,000 equity shares and by Vittala K. Bhandary (collectively, The selling shareholders) aggregating up to Rs. [*] crores (offer for sale) of the offer. The offer will constitute [*]%, of the post offer paid up equity share capital of the company.