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Ahead of the IPO, the issue is quoting at a GMP (grey market premium) of Rs 165 per share offering close to 90% premium over the offer price.
The IPO has received bids for 145.79 crore equity shares against an offer size of 72.6 lakh equity stocks
Sensex ended at 50,405, showing a decline of 440 points or 0.87% over the previous close.
The lender said it may also consider raising Rs 250 crore through a pre-IPO placement which would be in consultation with the lead managers to the issue
Of the 376 fund managers, 30 are women, who are managing funds either as primary or secondary managers or have oversight as heads of equity or debt
Financials stocks were trading with losses, with the S&P BSE Finance index falling 106.67 points or 1.37% at 7685.04 at 13:48 IST.
Telecom stocks were trading with losses, with the S&P BSE Telecom index falling 20.58 points or 1.5% at 1355.3 at 13:48 IST.
Indoco Remedies Ltd recorded volume of 5.35 lakh shares by 14:14 IST on NSE, a 7.64 times surge over two-week average daily volume of 70027 shares.
The Nifty 50 index was down 115.9 points or 0.77% at 14964.85.
Market experts suggest staying invested in the Heranba for the long-term.