Heranba IPO was open from February 23rd to February 25th, 2021. The price band was kept at Rs 626 to Rs 627 with a minimum lot of 23 shares.
The agrochemicals company finalized the share allotment of the Rs 625 crore public issue on March 2. The IPO has been subscribed 83.29 times. 67.45 times bids were made for the quota for qualified institutional investors and the retail quota received 11.84 times subscription while the HNI quota witnessed 271.15 times subscription.
Here’s how you can check the allotment status :
There are three primary ways to check the status:
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.
Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the Heranba IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.
Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. It will show as ‘Approved’ till the allotment is finalized.
The allotment status can be checked by the investors who have subscribed for the IPO by visiting the official website of BSE and Bigshare Services, the registrar to the issue.
Step 1: Investors are required to visit the official website of BSE by clicking on the link- https://www.bseindia.com/investors/appli_check.aspx.
Step 2: You will then have to select the ‘Equity’ option and then from the dropdown, select issue name – ‘Heranba Industries’.
Step 3: You will have to enter your application number and PAN card number next.
Step 4: After completing all the above-mentioned steps click on the “Search” button.
Step 1: Investors will have to go to the website by clicking on the link- https://ipo1.bigshareonline.com/IPO_Status.html.
Step 2: From the dropdown select IPO name.
Step 3: Next you will have to enter the application number or DP ID/Client ID or PAN.
Step 4: If you have selected the application number then select application type (ASBA or NON-ASBA) and ‘Enter Application Number’. And, in the case of DPID/Client ID you will have to select Depository “NSDL or CDSL” and enter “DP ID/Client ID”.
Step 5: At last you will have to enter ‘Captcha’ and then click on the submit option.
However, it is to be noted that the status will appear only after the details have been entered correctly. Also, in the case of non-allotment, the investors will get the blocked amount refunded to their bank account. By March 4, the shares allotted will get credited to the Demat accounts of eligible investors.
FAQs on Heranba IPO Allotment
We have discussed the steps to know about the Heranba allotment.
After applying for an IPO, the required amount is blocked for use from your account. Hence the money is still showing in your balance but is blocked for use.
If Heranba IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of over-subscription.
If you don’t get the allotment in Heranba IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
Heranba shares will get listed on BSE and NSE on March 5, 2021.