InvestorQ : How will Heranba utilize the proceeds from the IPO?
Rutuja Nigam made post
IPO

How will Heranba utilize the proceeds from the IPO?

Answer
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3 months ago
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The issue comprises of a fresh issue of Rs60cr and an offer for sale of 90.15 lakh equity shares by promoters. The company aims to raise Rs 624.34cr - Rs 625.24cr through the offer at Rs 626-627 per share respectively. Proceeds from the fresh issue will be used for working capital requirements and general corporate purposes while company will not receive any proceeds from offer for sale.
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