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| Issue Open | Feb 23, 2021 |
| Issue Close | Feb 25, 2021 |
| IPO Price | ₹627 |
| Face Value | ₹10 |
| IPO Size | ₹625.24 Cr |
| Listing At | BSE, NSE |
| IPO Lot Size | 23 |
Heranba Industries IPO subscribed 83.29 times. The public issue subscribed 11.84 times in the retail category, 67.45 times in QIB, and 271.15 times in the NII category by Feb 25, 2021.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 67.45 |
| Non-Institutional Buyers | 271.15 |
| Retail Investors | 11.84 |
| Employees | [.] |
| Others | [.] |
| Total | 83.29 |
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1 | 0.00 | 0.09 | 1.65 | 0.84 |
Day 2 | 1.01 | 0.86 | 4.53 | 2.74 |
Day 3 | 67.45 | 271.15 | 11.84 | 83.29 |
Heranba Industries IPO is a public issue of 6,981,417 equity shares. The issue offers 3,490,178 shares to retail investors, 1,995,448 shares to qualified institutional buyers, and 1,495,791 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 1,995,448 | 28.58% |
| NII | 1,495,791 | 21.43% |
| Retail | 3,490,178 | 49.99% |
| Total | 6,981,417 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Heranba Industries IPO is subscribed 83.29 by Feb 25, 2021.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 67.45 |
| Non Institutional | 271.15 |
| Retail Individual | 11.84 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 83.29 |
An investor can apply in Heranba Industries IPO online via bank (using ASBA) or the broker (using UPI). The Heranba Industries IPO shares are offered online only.
The Heranba Industries IPO is subscribed 83.29 by Feb 25, 2021.
The Heranba Industries IPO allotment status is expected on or around Mar 2, 2021. Visit Heranba Industries IPO allotment status to check.
Visit Heranba Industries IPO subscription status page for real-time bidding information about Heranba Industries IPO.
| IPO Opens On | Feb 23, 2021 |
| IPO Closes On | Feb 25, 2021 |
| Finalisation of Basis of Allotment | Mar 2, 2021 |
| Initiation of Refunds | Mar 3, 2021 |
| Credit of Shares to Demat Account | Mar 4, 2021 |
| IPO Listing Date | Mar 5, 2021 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
