Business Standard

Heranba Industries Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

625.24 cr

Price Range (₹)

627

Lot Size

23

Min Investment (₹)

14,421.00

Listing Exchange

MumbaiNSE

Open Date

23-Feb-2021

Close Date

25-Feb-2021

Listing Date

05-Mar-2021

Heranba Industries Ltd News

    The Shares of Heranba Industries Ltd have now been listed.

    Heranba Industries Ltd IPO Details

    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.

    Objective of issue

    To Fund Working Capital requirements. General Corporate Purposes.

    Heranba Industries Ltd Contact Details

    Heranba Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - compliance@heranba.com

    Website - www.heranba.co.in