Closed

Subscription Details

  • Open Date
  • Close Date
  • Minimum Investment
  • Lot Size
  • IPO Size
  • IPO Price Range

Timeline

  • Open Date
  • Close Date
  • 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

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

  • Enter

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

  • Enter

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

  • You

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

  • You

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

What is an IPO?

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

What is book building?

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

Who can invest in IPO?

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

  1. Qualified institutional investors (QIIs)
  2. Anchor investors
  3. Retail investors and
  4. High net-worth individuals (HNIs)/Non-institutional investors (NII).

What is IPO subscription period?

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

How to apply for IPO on 5paisa?

To apply in an IPO with 5paisa:

  • Login to the 5paisa website or mobile trading app
  • Go to the Current IPOs section
  • Select the IPO you wish to apply for
  • Enter IPO details like price, quantity (lots) and your UPI ID
  • Check details and Confirm
  • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

What are the important things that should be kept in mind before applying for an IPO?

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.

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