• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Heranba Industries IPO ends with robust subscription
  • February 26,2021  10:05
  • The initial public offer (IPO) of Heranba Industries received bids for 58.15 crore shares as against 69.81 lakh shares on offer, according to the stock exchange data on Thursday (25 February). The issue was subscribed 83.29 times.

    The non-institutional investors category was subscribed 271.15 times. The qualified institutional buyers (QIBs) category was subscribed 67.45 times. The retail individual investors category was subscribed 11.84 times.

    The issue opened for bidding on 23 February 2021, and closed on 25 February 2021. The price band for the IPO was set at Rs 626-627 per share.

    The IPO comprised of a fresh issue of up to Rs 60 crore and an offer for sale of 90,15,000 equity shares by promoters (including anchor portion of 29,90,520 equity shares).

    The net proceeds of the fresh issue are proposed to be utilized towards Rs 50 crore as working capital requirements and to fund expenditures towards general corporate purposes.

    Ahead of the IPO, the company on 22 February 2021 allotted 29,90,520 shares to anchor investors at Rs 627 per share, aggregating to Rs 187.50 crore.

    The company reported a net profit of Rs 66.31 crore and a total income of Rs 618.34 crore for the six months ended on 30 September 2020.

    Heranba Industries is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat. The company is present in the entire product value chain of the agrochemicals industry i.e. intermediates, technicals and formulations. The company has an extensive distribution network in India with more than 9400 dealers having access to 21 depots of the company across 16 states and 1 union territory, supporting the distribution of its products.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email –, website:

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory