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Heranba Industries IPO is a book built issue of Rs 625.24 crores. The issue comprises of fresh issue of Rs 60.00 crore and offer for sale of 0.9 crore shares.
Heranba Industries IPO bidding started from February 23, 2021 and ended on February 25, 2021. The allotment for Heranba Industries IPO was finalized on Tuesday, March 2, 2021. The shares got listed on BSE, NSE on March 5, 2021.
Heranba Industries IPO price band is set at ₹626 to ₹627 per share. The minimum lot size for an application is 23 Shares. The minimum amount of investment required by retail investors is ₹14,421.
Batlivala & Karani Securities India Private Limited and Emkay Global Financial Services Ltd are the book running lead managers of the Heranba Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Heranba Industries IPO RHP for detailed information.
IPO Date | February 23, 2021 to February 25, 2021 |
Listing Date | March 5, 2021 |
Face Value | ₹10 per share |
Price Band | ₹626 to ₹627 per share |
Lot Size | 23 Shares |
Total Issue Size | [.] shares (aggregating up to ₹625.24 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹60.00 Cr) |
Offer for Sale | 9,015,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 39,056,530 |
Share holding post issue | 48,626,603 |
Heranba Industries IPO offers 6,981,417 shares. 1,995,448 (28.58%) to QIB, 1,495,791 (21.43%) to NII, 3,490,178 (49.99%) to RII. 151,746 RIIs will receive minimum 23 shares and (sNII) and (bNII) will receive minimum 322 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 1,995,448 (28.58%) | NA |
NII (HNI) Shares Offered | 1,495,791 (21.43%) | |
Retail Shares Offered | 3,490,178 (49.99%) | 151,746 |
Total Shares Offered | 6,981,417 (100%) |
Heranba Industries IPO opens on February 23, 2021, and closes on February 25, 2021.
IPO Open Date | Tuesday, February 23, 2021 |
IPO Close Date | Thursday, February 25, 2021 |
Basis of Allotment | Tuesday, March 2, 2021 |
Initiation of Refunds | Wednesday, March 3, 2021 |
Credit of Shares to Demat | Thursday, March 4, 2021 |
Listing Date | Friday, March 5, 2021 |
Cut-off time for UPI mandate confirmation | 5 PM on February 25, 2021 |
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 23 | ₹14,421 |
Retail (Max) | 13 | 299 | ₹187,473 |
Lot Size Calculator |
Sadashiv K. Shetty and Raghuram K. Shetty are the company promoters.
Share Holding Pre Issue | 98.1% |
Share Holding Post Issue | 74.1% |
Incorporated in 1992, Heranba Industries Limited is a Gujarat-based crop protection chemical manufacturer. It is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, deltamethrin, lambda-cyhalothrin, etc. The company manufactures different types of pesticides including insecticides, fungicides, herbicides, and other pest control products.
Heranba Industries operates in different verticals including 1. Domestic sales of Technicals to companies 2. Technicals exports, 3. Domestic sales of Branded formulations under its own brand name, 4. Formulations export, and 5. Manufacturing and selling of insect control chemicals. It has a strong network in the domestic as well as the overseas market. In India, it has 8600 dealers across 16 states and 1 union territory whereas, in the overseas market, it exports its products to more than 60 countries through international distribution partners.
The company has 3 well-equipped manufacturing units in Vapi, Gujarat with an aggregate manufacturing capacity of 14,024 MTPA. It further has an in-house R&D team at Unit I and II that are recognized by the Department of Scientific and Industrial Research (DSIR) and its new R&D facility at Unit III, Sarigam will become operational from December 2020.
Competitive strengths
Particulars | For the year/period ended (₹ in million) | ||||
---|---|---|---|---|---|
30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
Total Assets | 7,881.20 | 6,247.63 | 5,604.43 | 4,504.65 | |
Total Revenue | 6,192.11 | 9,679.06 | 10,118.38 | 7,504.10 | |
Profit After Tax | 663.11 | 977.50 | 754.02 | 468.76 |
[Dilip Davda] Based on financial, P/E and P/BV parameters, the issue appears reasonably priced. The company has many known brands in its portfolio. HIL reaps benefits from rising exports to developed countries of its products with better margins. The company has a dividend track record as well. Considering all these aspects, investors may consider an investment with a long term perspective. Read detail review...
The Heranba Industries IPO is subscribed 83.29 times on February 25, 2021 5:00:00 AM. The public issue subscribed 11.84 times in the retail category, 67.45 times in the QIB category, and 271.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 67.45 |
NII | 271.15 |
Retail | 11.84 |
Total | 83.29 |
Listing Date | March 5, 2021 |
BSE Script Code | 543266 |
NSE Symbol | HERANBA |
ISIN | INE694N01015 |
Final Issue Price | ₹627 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹627.00 |
₹900.00 |
₹796.35 |
₹944.95 |
₹812.25 |
NSE |
---|
₹627.00 |
₹900.00 |
₹796.55 |
₹945.00 |
₹627.00 |
Heranba Industries Limited
Plot No. 1504 / 1505 / 1506/1 GIDC
Phase-III, Vapi,
Valsad – 396195
Phone: 91 260 240 1646
Email: compliance@heranba.com
Website: https://www.heranba.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Heranba Industries IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹625.24 Crores. The issue is priced at ₹626 to ₹627 per share. The minimum order quantity is 23 Shares.
The IPO opens on February 23, 2021, and closes on February 25, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Heranba Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Heranba Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Heranba Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Heranba Industries IPO opens on February 23, 2021 and closes on February 25, 2021.
Heranba Industries IPO lot size is 23 Shares, and the minimum amount required is ₹14,421.
You can apply in Heranba Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Heranba Industries IPO will be done on Tuesday, March 2, 2021, and the allotted shares will be credited to your demat account by Thursday, March 4, 2021. Check the Heranba Industries IPO allotment status.
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