Heranba industries is all set to launch its IPO

Heranba Industries is all set to launch its IPO in the market on 23rd February. The valuation of the initial public offering is 625 Crore and it will be available at a price band of Rs 626-627.

2021 seems to be the year of IPOs. The public offering if Heranba industries will be the eighth IPO in 2021. The equity shares of Heranba industries are supposed to be listed on both BSE and NSE. The book-running lead managers to the issue are Batlivala and Karani Securities India and Emkay Global Financial Services.

Also, the issue will open for a day on 22nd February only for anchor investors. The issue will include a fresh issue of 60 crore and an offer for sale of 90.15 lakh equity shares. The raised capital will be utilized for working capital requirements. The lot size of the issue is 23 equity shares.

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