Heranba Industries Ltd IPO

Closed

Subscription Details

  • Open Date 23 Feb
  • Close Date 25 Feb
  • Lot Size 23
  • IPO Size ₹ 625.24 Cr
  • IPO Price Range ₹ 627
  • Min Investment ₹ 14421

Heranba Industries Ltd IPO Timeline

Open Date
23 Feb
Close Date
25 Feb
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Heranba Industries Ltd IPO

Contact Information

Address

Plot No 1504/1505/1506/1,
GIDC Phase-III Vapi,
Valsad, Gujarat 396195

Open Demat Account