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Heranba Industries falls below issue price, hits lowest level since listing

Shares of Heranba Industries had made a strong debut on the bourses with the stock listing at a 43.5 per cent premium over its issue price

agrochemical
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Heranba is a crop protection chemical manufacturer, exporter and marketing company

SI Reporter Mumbai
Shares of Heranba Industries slipped 3 per cent to hit a new low of Rs 606.55 on the BSE in intra-day trade on Tuesday, falling below its issue price of Rs 627 per share. The stock of agrochemicals company was trading at its lowest level since listing on March 5. It has now corrected 36 per cent from its high of Rs 944.95 touched on its debut day.
 
Shares of Heranba Industries had made a strong debut on the bourses with the stock listing at Rs 900, a 43.5 per cent premium over its issue price. The initial public offer