Heranba Industries IPO – Schedule *(FINAL – Pg #323 of RHP)*
18th Feb – Announcement of Price Band
22nd Feb – Anchor Investors Allotment
23rd Feb – Offer Opens
25th Feb – Offer Closes
02nd Mar – Finalisation of Basis of Allotment
03rd Mar – Unblocking of ASBA Accounts
04th Mar – Credit of Equity Shares to Depository Accounts
05th Mar – Commencement of Trading
Heranba Industries IPO – Issue Information *(TENTATIVE)*
Issue Opens on: 23 February 2021
Issue Closes on: 25 January 2021
Issue Type: Book Built Issue IPO
Issue Size: 1,00,15,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.590 – Rs.600 Share *(TENTATIVE)*
Discount: NIL
Market Lot: 25 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 3,90,56,530 Shares
Fresh Issue of 10,00,000 Shares @600/- = Rs.60.00Crs
Offer for Sale of 90,15,000 Shares @600/- = Rs.540.90Crs
Equity Shares outstanding after the Issue = 4,00,56,530 Shares
Category-wise Break up:
Anchor – 30,04,500 Shares = 180.27Crs
QIB – 20,03,000 Shares = 120.18Crs
NII – 15,02,250 Shares = 90.14Crs
RII – 35,05,250 Shares = 210.32Crs (Lot size: 25 = 1,40,210 Forms)
Total Issue – 100,15,000 Shares = 600.90Crs.
Issue Size = 25% of Post Issue Equity
Subscription required for 1X
RII = 1,40,210 Forms
NII = 90.14Crs
Heranba Industries IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated February 10, 2021 (383 pages)
EPS for FY17-18 >>> Rs.12.00 (Page #96 of RHP)
EPS for FY18-19 >>> Rs.19.31 (Page #96 of RHP)
EPS for FY19-20 >>> Rs.25.03 (Page #96 of RHP)
EPS for H120-21 >>> Rs.16.98 (Page #96 of RHP)
RoNW for FY17-18 >>> 29.80% (Page #97 of RHP)
RoNW for FY18-19 >>> 33.05% (Page #97 of RHP)
RoNW for FY19-20 >>> 30.47% (Page #97 of RHP)
RoNW for H120-21 >>> 17.39% (Page #97 of RHP)
NAV as on September 30, 2020 was Rs.97.62 (Page #97 of RHP)
Listed Industry Peer Group (Page #97 of RHP): Rallis India, Sumitomo Chemical India, Bharat Rasayan, Punjab Chemicals and Crop Protection