Heranba Industries’ Rs 625-crore IPO, which was subscribed a enormous 83.29 instances, is probably to finalise the basis of share allotment on Tuesday, March 2, 2021. The concern was sold in the value band of Rs 626-627 per share from February 23 to 25. Equity shares of the Gujarat-based crop protection chemical manufacturer are anticipated to be listed on March 5 on bourses. In the grey industry on Tuesday, Heranba Industries shares had been noticed quoting a premium of Rs 255 more than the IPO value. Heranba Industries shares had been trading at Rs 882 apiece, implying a grey industry premium of 40.66 per cent from its concern value.
Those who had placed bids for Heranba Industries concern can verify the subscription status on the registrar’s web page, i.e. from Bigshare Services’ internet portal, a SEBI-registered entity that processes all applications electronically, and accountable for the IPO allotment and refund processing. Another way of checking IPO allotment is by means of stock exchanges, i.e. from the BSE web page. AR Ramachandran, Co-founder & Trainer, Tips2Trades, told TheSpuzz Online that due to reasonably bullish industry sentiment and robust fundamentals, Heranba Industries is anticipated to open at a premium of at least 18-25 per cent on listing day. “Allotted investors should book partial profits. Investors who haven’t subscribed or haven’t received allotment should wait for a dip to re-enter near 650-660 levels for better returns,” Ramachandran added.
How to verify Heranba Industries share allotment status through Bigshare Services’ web page
To verify the share allotment status, choose the enterprise name as ‘Heranba Industries Ltd’ from the drop-down list on the Bigshare Services web page when it gets declared. Select the choice variety as either Application quantity/ CAF no, Beneficiary ID or PAN quantity. Accordingly, enter the essential information to fetch the data.
Check Heranba Industries share allotment status through BSE web page
Another way to verify the allotment status in Heranba Industries is by means of BSE web page (https://www.bseindia.com/investors/appli_check.aspx). Select the concern variety as ‘equity’, and the concern name as ‘Heranba Industries Ltd’ from the drop-down list, when it gets declared. After that enter the application quantity and PAN (permanent account quantity). In the final step, click on the search tab to view the status particulars.