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Shares of Heranba Industries made a strong debut on the bourses on Friday with the stock listing at Rs 900, a 43.5 per cent premium over its issue price of Rs 627 per share on the BSE. The stock extended its gains and traded as high as Rs 944.95 in intra-day deals.
The initial public offer of the Gujarat-based firm was subscribed 83 times. The institutional investor portion was subscribed 67 times. The wealthy investor portion by 271 times, and retail investors subscribed 11 times the portion reserved for them.
The issue comprised Rs 60 crore of fresh fundraise and Rs 565
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