HERANBA INDUSTRIES IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Heranba Industries IPO GMP Today, HERANBA IPO Grey Market Premium Updates | Heranba Industries IPO Listing Gain, Latest target, Opening gain

Heranba Industries initial public offer (IPO) is set to open for subscription next week on February 23, 2021, after it received capital market regulator Sebi’s go-ahead to raise Rs 625 crore through public issue.

Crop protection chemical manufacturer Heranba Industries is set to launch its Rs 625-crore initial public offering on February 23 at a price band of Rs 626-627. The offer will close on February 25.

The issue comprises of a fresh issue of Rs 60 crore and an offer for sale of 90.15 lakh equity shares by promoters. Heranba will utilise net fresh issue proceeds for working capital requirements.

Check out HERANBA IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

HERANBA IPO Details:

Issuer HERANBA INDUSTRIES
Issue Type Book Built Issue IPO
Issue Period Issue Opens: February 23, 2021
Issue Closes: February 25, 2021
Price Brand ₹626 to ₹627 Per Share
Issue Size ₹625.24 Crores
Face Value Rs.10 per Equity Share
Market Lot 23 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Offer for Sale ₹ Cr
Fresh Issue ₹ 60 Cr
Listing at NSE & BSE
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Equity  Shares
Grey Market Price Heranba IPO GMP Today

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UPCOMING IPO IN FEBRUARY 2021

HERANBA IPO GMP Rates day by day

Heranba Industries Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
28 FEB 2021      
27 FEB 2021      
26 FEB 2021      
25 FEB 2021 170    
24 FEB 2021 150    
23 FEB 2021 140    
22 FEB 2021 105    
21 FEB 2021 200    
20 FEB 2021 160    
19 FEB 2021 220 250  
18 FEB 2021 220 250  
17 FEB 2021 200 250 ₹N/A
16 FEB 2021 ₹N/A ₹N/A ₹N/A
15 FEB 2021 ₹N/A ₹N/A ₹N/A
14 FEB 2021 ₹N/A ₹N/A ₹N/A

HERANBA IPO Market Lot:

 Lot Size:  Minimum 23 Shares & Maximum 299 Shares
 Minimum Amount:  ₹14,421
 Maximum Amount: ₹187,473

HERANBA IPO Allotment & Listing:

 Basis of Allotment: March 2, 2021
 Refunds: March 3, 2021
 Credit to Demat Account: March 4, 2021
 Listing Date: March 5, 2021

Check:- HERANBA IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

– IGL Limited
– Issue Price: Rs 480 Per Equity Share (at upper band)
– Lot Size: 14
– Grey Market Premium: Rs 350 to Rs 360
– Kostak (Rs 100000): Rs 2500 to Rs 2600

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

HERANBA IPO GMP FAQs

What is the Grey Market Premium of Heranba Industries IPO?

The Grey Market Premium of Heranba Industries IPO is approx. ₹N/A at the moment.

What is the Subject to Sauda price for Heranba Industries IPO?

The Subject to Sauda price for Heranba Industries IPO is approx. ₹N/A

How much will be listing gain in Heranba Industries IPO?

Heranba Industries IPO listing gain will be approx. ₹N/A (update on a daily basis)

What is kostak price of Heranba Industries IPO?

The Kostak price of Heranba Industries IPO is approx. ₹N/A

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