Heranba Industries has debuted at Rs 900.00 on the BSE, up by 273 points or 43.54% from its issue price of Rs 627.
The scrip is currently trading at Rs. 831.15, up by 204.15 points or 32.56% from its issue price. It has touched a high and low of Rs 944.95 and Rs 805.20 respectively. So far 12.27 lakh shares were traded on the counter.
The offering, which was open for subscription between February 23, 2021 and February 25, 2021, was subscribed 83.29 times. The issue price was fixed at Rs 627 per share i.e. at upper end of price band of Rs 626- 627 apiece.
Heranba Industries is a Gujarat-based crop protection chemical manufacturer. It is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, deltamethrin, lambda-cyhalothrin, etc. The company manufactures different types of pesticides including insecticides, fungicides, herbicides, and other pest control products.
