Heranba Ind initial public offer subscribed 0.84 times on day one

Heranba Industries Ltd's initial public offer was subscribed 0.84 times on first day with the company receiving bids for 5.88 mln shares for 6.98 mln shares on offer. The portion reserved for retail investors was subscribed 1.65 times, noninstitutional investors portion 0.09 times.