Is Heranba IPO good investment?
You would be able to invest in this IPO from February 23, 2021. Heranba Industries Limited was founded in 1996 with the production of an Intermediate product Cypermethric Acid Chloride (CMAC)….4. Opportunity to investors – valuation of the IPO.
| Earnings Per Share | P/E Ratio | |
|---|---|---|
| Heranba Industries | 25.03 | – |
Is Heranba overvalued?
Heranba Industries Limited manufactures and markets a range of agrochemicals in India….Heranba Industries Fundamentals Summary.
| 543266 fundamental statistics | |
|---|---|
| Market Cap | ₹26.70b |
| Earnings (TTM) | ₹1.81b |
| Revenue (TTM) | ₹13.05b |
Can we buy Heranba Industries Ltd IPO?
Investors can subscribe to the IPO by betting for a lot of 23 shares or in multiples thereof. Retail investors can bid for a maximum of 13 lots. What is the issue size of Heranba Industries IPO? The offer comprises fresh issue of shares worth Rs 60 crore and an offer for sale of 90,15,000 shares by promoters.
Can I hold Heranba?
Heranba Industries shares were trading at Rs 857 apiece, implying a grey market premium of 37 per cent from its issue price. Long term investors can consider holding it as it is one of the leading crop protection chemical manufacturers and a market leader in producing synthetic pyrethroids.
How is Heranba Industries Ltd IPO?
Heranba Industries shares made a stellar listing on the stock exchanges today, unscathed by the mildly weak market sentiment. Shares of the company began trading at Rs 900 per share, up 43.54\% from the IPO price of Rs 627 apiece. On listing, Heranba Industries was commanding a market capitalisation of Rs 3,600 crore.
What is the GMP of Heranba IPO?
Traders dealing in the unlisted shares said the GMP of the agrochemical company stood at Rs 255 as of Tuesday. In percentage terms, that translates into 41 per cent premium over the issue price. Before the bidding for the IPO began, the premium stood around Rs 200.
What will be listing price of Heranba IPO?
Heranba Industries IPO Details
| IPO Opening Date | Feb 23, 2021 |
|---|---|
| IPO Price | ₹626 to ₹627 per equity share |
| Market Lot | 23 Shares |
| Min Orher Quantity | 23 Shares |
| Listing At | BSE, NSE |
Should I hold Heranba share?
“We would advise allotted investors to hold on to the stock considering the long-term story, as the market always rewards a player who has the high growth potential,” Tapse told Moneycontrol. If investors wish to add Heranba, they can buy in the range of Rs 800-850, he said.
Should I sell IPO on listing day?
In fact selling IPO shares on a listing day is one of the best ways to earn money in share market. To see it factually, the year-to-year end prediction of the price of an IPO share is too difficult a task as there are too many factors that can affect the price of a share during a long-term period.
What is Heranba IPO price?
NEW DELHI: Heranba Industries shares made a strong debut on Friday, in an otherwise weak day for the secondary market, as the scrip got listed at Rs 900, a 43.54 per cent premium over its issue price of Rs 627. It climbed 30 per cent over the issue price to Rs 812.25 on the first day of trading.
When Heranba shares will be listed?
The listing of Heranba shares is likely to happen on March 5th.
What is GMP Heranba?
The GMP for Heranba Industries had fallen to Rs 100, but as the secondary market gained momentum, so did the unlisted stock, analysts said. In case of MTAR, the grey market premium stood at Rs 435 over the IPO price band of Rs 574-575.