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Heranba Industries lists at 43.5% premium over issue price
short by Kiran Khatri / on Friday, 5 March, 2021
Agrochemical firm Heranba Industries made a strong debut on the stock exchanges on Friday after a ₹625 crore initial public offering (IPO). The stock began trading at ₹900 per share, registering a rise of 43.54% over the IPO price of ₹627 apiece. Heranba's public issue was subscribed by over 83 times with retail investors bidding for 11.84 times their portion.