IPO Synopsis

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 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. Issue Opens On Closes On 23-Feb-21 25-Feb-21 Money Payable On Application Allotment 627.00 0.00 Minimum Application for shares in Nos : 23 Further Multiples of : 23 Cr Lead Managers to the Issue Project Cost (.Cr) 60.00 Batlivala & Karani Securities India Pvt Ltd Project Financed through Current Offer (.Cr) 625.24   Post Issue Equity Share Capital (.Cr) 40.01 Issue Price () 627.00

Projects

To Fund Working Capital requirements General Corporate Purposes

Promoted By

Sadashiv K Shetty

Raghuram K Shetty

Listing At

BSE

NSE

Registrar to the Issue

No Data Available