IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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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 :  compliance@heranba.com  
Website :  www.heranba.co.in
Initial public offering of up to [*] 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)[*] per equity share ("offer price") (including a share premium of (Rs)[*] per equity share) agregating to (Rs)[*] crores ("the offer") comprising a fresh issue of up to [*] equity shares aggregating up to (Rs)60.00 crores ("fresh issue") and an offer for sale of up to 90,15,000 equity shares comprising up to 58,50,000 equity shares by, Sadashiv K. Shetty, up to 22,72,038 equity Shares, by Raghuram K. Shetty, up to 8,12,962 equity shares, by Sams Industries Limited, up to 40,000 equity shares by Babu K. Shetty, Up to 40,000 equity shares and by Vittala K. Bhandary (collectively, The "selling shareholders") aggregating up to (Rs)[*] crores ("offer for sale") of the offer. The offer will constitute [*]%, of the post offer paid up equity share capital of the company. Price Band (Rs)626 to 627 per Equity Share of Face Value (Rs)10 each.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Feb-21 25-Feb-21 (Rs)626.00-627.00 (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 0.00
Batlivala & Karani Securities India Pvt Ltd
Project Financed through Current Offer 624.34  
Post Issue Equity Share Capital 0.00  
Issue Price (Rs)626.00  
To Fund working capital requirementsTo fund expenditures towards general corporate purposes
Promoted By
Sadashiv K Shetty  
Raghuram K Shetty  
Listing At
Registrar to the Issue
Bigshare Services Pvt Ltd