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 Promoters:

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

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

IPO Opening DateFeb 23, 2021
IPO Closing DateFeb 25, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹626 to ₹627 per equity share
Market Lot23 Shares
Min Order Quantity23 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹625.24 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹60.00 Cr)
Offer for Sale9,015,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Heranba Industries IPO Tentative Timetable

The Heranba Industries IPO open date is Feb 23, 2021, and the close date is Feb 25, 2021. The issue may list on Mar 5, 2021.

IPO Open DateFeb 23, 2021
IPO Close DateFeb 25, 2021
Basis of Allotment DateMar 2, 2021
Initiation of RefundsMar 3, 2021
Credit of Shares to Demat AccountMar 4, 2021
IPO Listing DateMar 5, 2021

Heranba Industries IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)
Minimum123₹14,421
Maximum13299₹187,473

Heranba Industries IPO Promoter Holding

Pre Issue Share Holding98.1%
Post Issue Share Holding74.1%

Heranba Industries IPO Subscription Status (Bidding Detail)

The Heranba Industries IPO is subscribed 83.29x times on Feb 25, 2021 05:00. The public issue subscribed 11.84x in the retail category, 67.45x in the QIB category, and 271.15x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

67.45x

NII

271.15x

RII

11.84x

Total

83.29x

Heranba Industries IPO Prospectus

Heranba Industries IPO Rating

1853
4.0
Rating:Rated 4.0 stars

Vote Here ...

Heranba Industries IPO Listing Date

Listing DateFriday, March 5, 2021
BSE Script Code543266
NSE SymbolHERANBA
Listing In
ISININE694N01015
IPO Price₹627 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹627.00
₹900.00
₹796.35
₹944.95
₹812.25
1,714,731
NSE
₹627.00
₹900.00
₹796.55
₹945.00
₹627.00
16,523,452

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Heranba Industries IPO FAQs

  1. What is Heranba Industries IPO?

    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 equity 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.

  2. How to apply in Heranba Industries IPO through Zerodha?

    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.

  3. When Heranba Industries IPO will open?

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

  4. What is the lot size of Heranba Industries IPO?

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

  5. How to apply for Heranba Industries IPO?

    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.

  6. When Heranba Industries IPO allotment?

    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.

  7. When is Heranba Industries IPO listing date?

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

Heranba Industries IPO Message Board

Ranked Members  Ranked Members

Loading...
415. Rahul Wgl |Mar 5, 2021 14:35
Bought 1000 @ 833, expecting a great upward movement in weeks to come.
414. IPOANALYSIS |Mar 5, 2021 08:18
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Good buying seen. Company has huge cash reserves of 100 crore plus. Multibagger
413. sonal patel |Mar 6, 2021 21:42
IPO Mentor IPO Mentor (900+ Posts, 3800+ Likes)
Buy heranba Industries share around 790 to 800
And hold for long term..
2 month target is 1050 rs
412. yamraj |Mar 7, 2021 22:14
Dividend news regarding heranba shares ?
411. Kismat |Mar 5, 2021 19:56
Received message "Hello! UPI Mandate could not be revoked. " from axis pay.

Still amount is blocked. what to do ?
410. JayMehta |Mar 6, 2021 19:41
Bumper listing expensively priced at PE of 26 new investors caution before entering they have sister concern which was declared as a wilful defaulter by cosmos bank couldn''t invest in this company because of my personal reasons but beware with valuations
409. Vaibhav Agarwal |Mar 6, 2021 16:58
930/- per sell kar diya...
Ye decision right tha...ya jaldbaji kar di...
Any suggestions...
408. Chem cho |Mar 5, 2021 08:47
IPO Guru IPO Guru (2100+ Posts, 2100+ Likes)
LOOKS RISKY AT PRE OPEN RS 900
407. RajBreaks |Mar 5, 2021 14:51
Iss Down Market Me Yea Jayda Gira Nehi.
Also 2 More Close To Close IPO''s In Pipe Line (MTAR, My Trip).
Thats Why QIB, NII''s Didn''t Show Much Interest To Buy I Beleive.
Hopefully After 15th March...Can See Rally In It.

My Personal View.....
Buy In Parts Till 720 - 700 For 5 -6% Decine From This 820 Level If Market Condition Becomes Bad...With A Strict SL-580. Tgt - Near 940rs(1 Week), Near 1040rs( 2 Weeks). 1200rs By April End, If Market Condition Is Not The Worst.
406. SHANI |Mar 5, 2021 14:53
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
hope for the best , good luck who hold today , best luck for monday upper circuit
405. AO |Mar 5, 2021 09:23
Is it good to buy when price touch 900? or buy now @875?
404. SHANI |Mar 5, 2021 14:30
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
good that it was bounce back from 796
403. Charvi |Mar 5, 2021 14:10
What should be done with Heranba share? Hold for 2-3 days or sell today?
402. Allued Investor |Mar 5, 2021 14:10
Companies financials are very good.
Stock price is not respecting that.
Sometimes stock gets corrected remove weak hands and get rerated. Keep watch who are the big buyers today if you want to hold for mid to long.
401. SHANI |Mar 5, 2021 14:03
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
MTAR subscription 150+ , fund block there
400. sonal patel |Mar 5, 2021 06:15
IPO Mentor IPO Mentor (900+ Posts, 3800+ Likes)
Good morning all allotted members
Today is a listing day for heranba Industries Ltd
I hope listing is better than gmp and expectations

Listing range for heranba Industries is 875 - 905..
399. Anmol |Mar 5, 2021 13:50
Very Very Poor Performance in Today no Movement in upper Side.
398. JethaLal |Mar 5, 2021 13:20
Aniket sir what should we do with our Heranba share? I got 1 lot and currently i am holding.
Any target for near term?
397. Allued Investor |Mar 5, 2021 10:16
Surprised by how stock behaves
Expecting listing above 1000
396. RajBreaks |Mar 3, 2021 15:31
My Opening Day Target Near 990, If Market Is In Green.
If Market Down By 0.25 - 0.50% Then Near 920.

All The Best Who Got Allotment.







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