Heranba Industries IPO GMP History
Heranba Industries IPO has been listed on March 5, 2021 at a listing price of ₹900, against the issue price of ₹627 — a gain of ₹273 (+43.54%). The GMP peaked at ₹220 on 3 March 2021 and reached a low of ₹100 on 23 February 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Heranba Industries IPO raised ₹625.24 Cr. through its IPO at a price band of ₹626 to ₹627 per share, with a lot size of 23 shares. The IPO was open for subscription from 23 Feb 2021 to 25 Feb 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:18 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Mar 2021 | ₹ 210 | ▼ | 33% | — | — |
| 03 Mar 2021 | ₹ 220 | ▲ | 35% | — | — |
| 02 Mar 2021 | ₹ 200 | ▲ | 32% | — | — |
| 01 Mar 2021 | ₹ 180 | ▲ | 29% | — | — |
| 27 Feb 2021 | ₹ 170 | ▲ | 27% | — | — |
| 26 Feb 2021 | ₹ 140 | ▼ | 22% | — | — |
| 25 Feb 2021 | ₹ 150 | ▲ | 24% | — | — |
| 24 Feb 2021 | ₹ 130 | ▲ | 21% | — | — |
| 23 Feb 2021 | ₹ 100 | ▼ | 16% | — | — |
| 22 Feb 2021 | ₹ 160 | ▼ | 26% | — | — |
| 20 Feb 2021 | ₹ 200 | — | 32% | — | — |
| 19 Feb 2021 | ₹ 200 | ▲ | 32% | — | — |
| 18 Feb 2021 | ₹ 170 | ▼ | 27% | — | — |
| 17 Feb 2021 | ₹ 185 | ▲ | 30% | — | — |
| 16 Feb 2021 | ₹ 160 | — | 26% | — | — |
Heranba Industries IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 23 Feb 2021
- Close 25 Feb 2021
- Allotment 02 Mar 2021
- Refund/credit 03 Mar 2021
- Listing 05 Mar 2021
Heranba Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹627 |
|---|---|
| GMP-based estimate (pre-listing) | ₹837 (+33.5%) |
| Listing gain / loss | +₹273 per share |
| Listing date | 05 Mar, 2021 |
| Actual listing price | ₹900 (+43.54%) |
Is Heranba Industries IPO GMP reliable?
Grey market premium for Heranba Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Heranba Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Heranba Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Heranba Industries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Heranba Industries IPO
Heranba Industries Limited was incorporated in 1992. It makes, exports and markets crop protection chemicals from Vapi in Gujarat, with corporate offices in Mumbai. It makes intermediates, technicals and formulations.
It is one of the leading domestic producers of synthetic pyrethroids such as cypermethrin, alphacypermethrin, deltamethrin and lambda cyhalothrin. Its range covers insecticides, herbicides, fungicides and public health products for pest control.
The company has 3 manufacturing units in Vapi with a combined capacity of 14,024 MTPA. In India it had 8600 dealers across 16 states and 1 union territory, and it exports to more than 60 countries.
The IPO was Rs 625.24 crore, with Rs 60.00 crore of fresh issue and Rs 565.24 crore of offer for sale. Rs 50.00 crore of the proceeds was planned for working capital. The promoters are Sadashiv K. Shetty and Raghuram K. Shetty.
Frequently asked
What is the GMP of Heranba Industries IPO?
The current Grey Market Premium (GMP) of Heranba Industries IPO is ₹ 210.
What is the Kostak Price of Heranba Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Heranba Industries IPO is not available.
What is the Subject to Sauda Price of Heranba Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Heranba Industries IPO?
Heranba Industries IPO listed on March 5, 2021 at ₹900, against the issue price of ₹627 — a gain of +43.54%.
How did the GMP of Heranba Industries IPO trend before listing?
The GMP of Heranba Industries IPO was falling in its final days before listing. The GMP peaked at ₹220 on 3 March 2021. View the day-wise table above for the complete GMP history.
Explore Heranba Industries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
