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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
| IPO Date | Feb 23, 2021 to Feb 25, 2021 |
| Listing Date | Mar 5, 2021 |
| Face Value | ₹10 per share |
| Price | ₹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 |
| QIB Shares Offered | 1,995,448 (28.58%) |
| NII (HNI) Shares Offered | 1,495,791 (21.43%) |
| Retail Shares Offered | 3,490,178 (49.99%) |
| Total Shares Offered | 6,981,417 |
Heranba Industries IPO opens on Feb 23, 2021, and closes on Feb 25, 2021.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 23, 2021 |
| 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 |
| Listing Date | Mar 5, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Heranba Industries IPO lot size is 23 shares.
| 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.
| Pre Issue Share Holding | 98.1% |
| Post Issue Share Holding | 74.1% |
| 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 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)
| Category | Subscription (times) |
|---|---|
| QIB | 67.45 |
| NII | 271.15 |
| Retail | 11.84 |
| Total | 83.29 |
| Listing Date | Mar 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://www.bigshareonline.com/
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
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, Nuvama, 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.
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