Heranba IPO Subscription Status

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Heranba IPO Subscription Status

Heranba Industries has raised Rs 187.5 crore from 18 anchor investors on 22nd Feb 2021 at Rs 627 per share. The anchor investors included Government Pension Fund Global, Jupiter India, Cohesion MK Best Ideas Sub-Trust, Dovetail India Fund, Societe Generale, Morgan Stanley, IDFC Mutual Fund, Jupiter India Fund and Max Life Insurance among others. Government Pension Fund Global has been allotted 18.67% of the anchor allotment while HDFC Mutual Fund subscribed about 12%.

Heranba is offering up to 99.8 lakh shares in the IPO, with 90.2 lakh shares under offer for sale and the rest through fresh issue of shares. The shareholding of promoters would fall to 74.2% from 98.8%, after the issue. Heranba IPO Subscription Status

Heranba IPO Subscription Status [in no. of times (x)]
CategoryShares Offered23rd Feb 202124th Feb 202125th Feb 2021(till 1:00 pm)
QIB19,95,4480.001.0167.45
NII14,95,7910.090.86271.15
Retail34,90,1781.654.5311.84
Total69,81,4170.842.7483.29

Important Dates of Heranba IPO

Heranba IPO Allotment and Listing
Basis of AllotmentMar 2, 2021
RefundsMar 3, 2021
Credit to Demat AccountMar 4, 2021
Listing DateMar 5, 2021

The Grey Market premium of the IPO is Rs 100 per share as per the data available on 23rd Feb 2021.

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Allotment status of RailTel IPO expected to be finalised today. To know Allotment Status click either on Registrar website or BSE website

https://kcas.kfintech.com/ipostatus/

https://www.bseindia.com/investors/appli_check.aspx

CA Priyanka Choudhary Jain
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