Heranba Industries has received SEBI’s go-ahead to float an initial public offering. The IPO consists of fresh issue of ₹60 crore and an offer for sale of 90,15,000 shares by existing shareholders, as per the draft red herring prospectus.
Heranba Industries, which filed its preliminary papers with SEBI in late September, obtained the regulator’s observation on November 27, an update by SEBI showed on Tuesday.
The company is engaged in the business of manufacturing and marketing a range of agrochemicals.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.