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Heranba Industries Limited IPO (Heranba Industries IPO) Detail

Feb 23, 2021 - Feb 25, 2021

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

  • Range of product portfolio including Intermediates, Formulations, and Technicals.
  • Domestic as well as global reach.
  • Strong distribution network.
  • Large customer base.
  • Experienced promoters and management team.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue

  • To meet business working capital requirements.
  • To meet general corporate purposes.
  • To meet public issue expenses.

Heranba Industries IPO Details

Heranba Industries IPO Date Feb 23, 2021 to Feb 25, 2021
Heranba Industries IPO Face Value ₹10 per share
Heranba Industries IPO Price ₹626 to ₹627 per share
Heranba Industries IPO Lot Size 23 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹625.24 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹60.00 Cr)
Offer for Sale9,015,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

Sadashiv K. Shetty and Raghuram K. Shetty are the company promoters.

Heranba Industries IPO Timeline (Tentative Timetable)

Heranba Industries IPO opens on Feb 23, 2021, and closes on Feb 25, 2021. The Heranba Industries IPO bid date is from Feb 23, 2021 10.00 A.M. to Feb 25, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Heranba Industries IPO Opening Date Feb 23, 2021
Heranba Industries IPO Closing Date Feb 25, 2021
Basis of Allotment Mar 2, 2021
Initiation of Refunds Mar 3, 2021
Credit of Shares to Demat Mar 4, 2021
Heranba Industries IPO Listing Date Mar 5, 2021

Heranba Industries IPO Lot Size

The Heranba Industries IPO lot size is 23 shares. A retail-individual investor can apply for up to 13 lots (299 shares or ₹187,473).

Application Lots Shares Amount
Minimum 1 23 ₹14,421
Maximum 13 299 ₹187,473

Heranba Industries IPO Promoter Holding

Pre Issue Share Holding 98.1%
Post Issue Share Holding 74.1%

Heranba Industries IPO Review

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...


Heranba Industries IPO Subscription Status (Bidding Detail)

The Heranba Industries IPO is subscribed 83.29 times on Feb 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)

CategorySubscription (times)
QIB67.45
NII271.15
Retail11.84
Total83.29

Heranba Industries IPO Prospectus

Heranba Industries IPO Rating

1853
4.0
Rating:Rated 4.0 stars
Vote Here ...

Heranba Industries IPO Listing Date

Listing Date Friday, March 5, 2021
BSE Script Code 543266
NSE Symbol HERANBA
Listing In
ISIN INE694N01015
IPO Price ₹627 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

Heranba Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Heranba Industries IPO FAQs

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 Feb 23, 2021, and closes on Feb 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Heranba Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Heranba Industries IPO opens on Feb 23, 2021 and closes on Feb 25, 2021.

Heranba Industries IPO lot size is 23 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Heranba Industries IPO will be done on Mar 2, 2021, and the allotted shares will be credited to your demat account by Mar 4, 2021. Check the Heranba Industries IPO allotment status.

The Heranba Industries IPO listing date is on Friday, March 5, 2021.
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Heranba Industries IPO Message Board

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606 Comments

280. NavJan |   Link |Feb 25, 2021 3:58:14 PM
Zerodha is the biggest fraud broker. I applied for Railtel and Heranba on console but never received the UPI mandate and after the time limit for application is over console display no application. Learnt my lesson. Will move to a non-discount broker now.
280.16. SHANI |   Link |Mar 1, 2021 9:19:44 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
AS PER BELOW LINK - UPI APPS LIVE ON IPO

https://www.npci.org.in/what-we-do/upi/live-ipo

Sr. No.      UPI Apps live on IPO       Handle
1      BHIM Baroda Pay (only Android)       @BARODAMPAY
2      BHIM RBL Pay (Android & iOS)       @rbl
3      BHIM (android & iOS)       @upi
4      BHIM ALLBANK UPI (only Android)       @allbank
5      BHIM Axis Pay (only android)       @axisbank
6      BHIM IndusPay (only Android)       @indus
7      BHIM Lotza UPI (only Android)       @federal
8      BHIM SBIPay (only android)       @sbi
9      BHIM YES PAY (only Android)       @yesbank
10      Citi Mobile (android & iOS)       @citi & @citigold
11      DigiBank - DBS (Android & iOS)       @dbs
12      Google Pay (android & iOS)       @okhdfcbank, @okaxis , @oksbi, @okicici
13      HSBC Simply Pay (android & iOS)       @hsbc
14      iMobile by ICICI Bank (android users)       @icici
15      Kotak Mobile Banking App (Android)       @kotak
16      Phone-Pe (android & iOS)       @ybl
17      SIB Mirror+ (only Android)       @sib
18      Paytm (Andriod & iOS)       @paytm
280.17. Nicks Jain |   Link |Mar 1, 2021 9:48:33 AM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
some times UPI creates issues of notification or blocking of funds.
According to me 1st option should be apply through NET Banking ASBA Mode.
And SBI bank is the best as far as IPO is concern even BOB also
279. Allued Investor |   Link |Mar 1, 2021 9:44:09 AM
Gmp 190 today
🍸🍸
SS 3500
Kostak 400
278. Srujan Chowdary |   Link |Mar 1, 2021 8:21:44 AM
Did any one try IDFC First bank ASBA option while applying any IPO?
278.1. rjtp |   Link |Mar 1, 2021 9:41:32 AM
If you are open account before 26 dec 20 then you can ipo through net banking in investment section otherwise you can''t apply ipo
277. P Patel |   Link |Feb 26, 2021 12:36:00 PM
IPO Mentor IPO Mentor (800+ Posts, 900+ Likes)
Nava Bharat Ventures - Buyback announced... highlights below:

- Type of Buyback - Open market purchase
- Current Market Price - Rs. 75.30
- Buyback price - Rs. 100
- Maximum Buyback Size - Rs. 150 Crores
- Maximum Buyback Shares - 1,50,00,000
- % of Total Paid up capital - 5.05% ( as of March 31-2020 )
- % of Free Reserve - 3.94 % ( as of March 31-2020 )
277.7. P Patel |   Link |Feb 28, 2021 5:49:27 PM
IPO Mentor IPO Mentor (800+ Posts, 900+ Likes)
@Newrookie - Type of Buyback is "Open Market Purchase". In this type company will buy from open market directly from Exchange at market rate. The maximum price they will buy from market will be Rs.100. In this case company operators can try to restrict price. So there is not direct benefit to shareholders if some other operator can pull price higher.

If buyback is of type "By Tender" in that case they will buy directly from Shareholders with specified Rate. So shareholder can tender their share at specified rate directly to company.
277.8. Newrookie |   Link |Feb 28, 2021 8:30:11 PM
Top Contributor Top Contributor (200+ Posts)
Thank you Patel Ji. So, Do you mean to say if retailers like us won''t get much benefit out of this type of buyback.
Can we trade this at this time?
276. IPO SUSPENSE |   Link |Feb 28, 2021 2:00:56 PM
Gmp

200

275. poweripo |   Link |Feb 27, 2021 6:57:25 PM
in retail category there is huge difference between application made at cutoff and bids, senior members kindly reply
275.3. traderyn |   Link |Feb 28, 2021 12:19:45 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Maximum people apply in cutoff price or upper price band in retail category.nearly 95-98%
275.4. KING VINOD |   Link |Feb 28, 2021 11:19:35 AM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
It''s always advise to apply at Cutoff price only
274. Aniketiaf |   Link |Feb 23, 2021 4:44:46 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Heranba Industries raises Rs 187.5 crore from anchor investors.

The marquee anchor investors included Government Pension Fund Global, Jupiter India, Cohesion MK Best Ideas Sub-Trust, Dovetail India Fund, Societe Generale and Morgan Stanley.

On the domestic front, HDFC Trustee Company, Max Life Insurance Company, IIFL Special Opportunities Fund and Emkay Emerging Stars Fund received shares in the anchor book.
274.10. Anurup |   Link |Feb 26, 2021 1:03:17 PM
Today again NTPC, NALCO and NMDC is on Fire despite 500 points Nifty fall.
274.11. Niraj mansukhani |   Link |Feb 28, 2021 9:39:33 AM
Hi aniketiaf sir
Where can we check new buyback shares info
And record date for the same

Thanks in advance sir
273. IPO SUSPENSE |   Link |Feb 28, 2021 8:08:08 AM
Repeat rossari biotech history

In 1 year
272. Faizan |   Link |Feb 27, 2021 10:02:14 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@IPO SUSPENSE - We all know you want to increase your posts count to become IPO Guru. I saw your post count in 200+ since past 1 month. Even after so many(atleast more that 300) "replies" on posts, you post count is still 200+ only

I think you don''t even know the basics.
Replying on other peoples posts will NOT increase your post count. It will remain same.
Count will only increase when you post new posts, via "Post New Message".
272.1. Faizan |   Link |Feb 28, 2021 1:12:50 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
And one more advice.

Becoming IPO Guru, doesn''t depend on single factor that your post should more.
It also, infact more importantly depends upon likes to posts ratio as well. You will need more likes while having lesse posts. You will need 1000+ post and 3000+ likes on those posts. (not comments)
271. Shivay |   Link |Feb 27, 2021 10:52:25 PM
Ban IPO Suspense account. He is not a investor and is active on this forum just to misguide others and speak rubbish.
270. Manup |   Link |Feb 27, 2021 10:17:34 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Ipo suspense Faltu aadmi faltu posts Just ignore him
269. sonal patel |   Link |Feb 27, 2021 5:39:52 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
Shyam Metalics files DRHP for Rs 1,107 crore IPO
269.2. sonal patel |   Link |Feb 27, 2021 9:56:43 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
Ipo Khatam hone ke baad pata chala kya.
Kuch bi comments karne ka ..not good 😡😡
269.3. sonal patel |   Link |Feb 27, 2021 10:03:22 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
Wrong post..by mistake..my mistake
268. harit |   Link |Feb 26, 2021 5:26:53 PM
One googly question

What is meaning of "HERANBA"
268.8. RAJU HYD |   Link |Feb 27, 2021 7:51:39 PM
I think (Heramba) is one of the names of Lord Ganesha.
268.9. girishkumarj |   Link |Feb 27, 2021 9:38:48 PM
In CNBC TV interviews MD said it''s the name of lord Ganesha.
267. ROYAL STAR |   Link |Feb 25, 2021 4:48:24 PM
i have applied for 140 Lots, what do you think guys? is there any chance of allotment for me?
267.9. traderyn |   Link |Feb 26, 2021 8:17:51 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
You can see basis of allotment of any ipo for allotment in hni category.
267.10. P Patel |   Link |Feb 27, 2021 9:15:40 PM
IPO Mentor IPO Mentor (800+ Posts, 900+ Likes)
All category of HNI are not provided in Basis of Allotment. They only provide sample categories.
266. BK Prajapati |   Link |Feb 27, 2021 7:47:45 PM
Gmp 230 buyer.... wl give gd listing profit...
265. poweripo |   Link |Feb 27, 2021 6:51:40 PM
App wise how many times it got subscribed??
265.1. NVCorporation |   Link |Feb 27, 2021 7:29:51 PM
9.54
264. NVCorporation |   Link |Feb 27, 2021 6:48:18 PM
Kostak :300
S2S : 3600
GMP : 200-205
263. Allued Investor |   Link |Feb 27, 2021 10:54:00 AM
Gmp hovering around

210-230
Expecting 60-70% listing gains.
Stock looks good for long term too.
262. Paymzia |   Link |Feb 27, 2021 3:24:49 PM
IPO Guru IPO Guru (1300+ Posts, 3700+ Likes)
GMP 190
262.1. Brownsugar |   Link |Feb 27, 2021 3:29:10 PM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Falling due to ????
261. Allued Investor |   Link |Feb 27, 2021 3:29:20 PM
Gmp @ 200 from 220