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IPO Synopsis

Heranba Industries Ltd
Registered Office: Plot No 1504/1505/1506/1,GIDC Phase-III Vapi , Valsad - 396195 , Gujarat , India.
Phone : 91-260-2401646   Fax:
Email :  
Website :
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.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Feb-21 25-Feb-21 (Rs)627.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :23  Further Multiples of :23

  (Rs Cr) Lead Managers to the Issue
Project Cost 60.00 Batlivala & Karani Securities India Pvt Ltd
Project Financed through Current Offer 625.24  
Post Issue Equity Share Capital 40.01  
Issue Price (Rs)627.00  
To Fund Working Capital requirements General Corporate Purposes
Promoted By
Sadashiv K Shetty  
Raghuram K Shetty  
Listing At
Registrar to the Issue
No Data Found.

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