Heranba Industries IPO

Heranba Industries IPO review and details

Spread the love

Heranba Industries IPO is going to open for subscription from 23 FEB 2021 to 25 FEB 2021. The company aims for an issue size of 624.34 – 625.24 Crore through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Heranba Industries Limited

Heranba Industries is a crop protection chemical manufacturer, exporter, and marketing company based out of Vapi, Gujarat. The company manufactures intermediates, technicals, and formulations and it is among the leading producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permethrin, lambda-cyhalothrin in the domestic market.

The company holds registrations for 18 Technicals for manufacture and sale in India, 93 Technicals & Formulations for manufacture and sale in the export markets, and 167 Formulations registered for manufacturing and sale in India. Applications for registration of 13 Technicals & Formulations for manufacture & sale in India and 2 Technicals to manufacture for the export markets have been filed with the CIB&RC and are in the process of evaluation. In FY2022, the company exported its products to more than 60countries in Latin America, CIS, Middle East, Africa, Asia, and southeast Asia. In the domestic market, Heranba Industries has more than 8,600 dealers having access to 21 depots across 16 states and one union territory in India.

Objective of the Issue

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

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.

Basic details about the company

Full nameHeranba Industries Limited
Company Websitewww.heranba.co.in

Dates to remember

IPO Opening date23 February 2021
IPO Closing date25 February 2021
Basis of Allotment date02 March 2021
Initiation of Refunds03 March 2021
Credit to Demat Account04 March 2021
 Listing Date05 March 2021

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹624.34 – 625.24 crore
Number of shares offered90,15,000 Shares
Face value₹10 per equity share
Price band ₹626 to ₹627 per equity share
Retail portion35%
Lot size23 Nos
Minimum application1 lot – 23 shares
Maximum application13 lot – 299 shares
Minimum application amount₹14,421
maximum application amount₹187,473
Listing ExchangeBSE, NSE

Category-wise Break up

Anchor: 30,04,500 Shares = 180.27 Crores
QIB: 20,03,000 Shares = 120.18 Crores
NII: 15,02,250 Shares = 90.14 Crores
RII: 35,05,250 Shares = 210.32 Crores (Lot size: 25 = 1,40,210 Forms)
Total Issue: 100,15,000 Shares = 600.90 Crores.
Issue Size = 25% of Post Issue Equity

Financial summary

Heranba Industries’ financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income47.075.697.466.3
Net margin (%)6.37.510.110.7

Valuation of Heranba Industries (as of FY2020)

Earnings Per Share (EPS)₹25.03
Price/Earnings (PE ratio)25.01 – 25.05
Return on Net Worth (RONW)30.47%
Net Asset Value (NAV)₹82.15 per share

Company Promoters

  • Sadashiv K Shetty
  • Raghuram K Shetty
Pre Issue Share Holding98.1%
Post Issue Share Holding74.1%

Heranba Industries IPO Lead Managers

  • Guinness Corporate advisors Pvt Ltd

Registrar of Heranba Industries IPO

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Heranba Industries Contact Details

Heranba Industries Limited
101 / 102, Kanchanganga,
Factory Lane, Borivali – West,
Mumbai – 400 092, Maharashtra
Phone: +91 22 2898 7912
Email: compliance@heranba.com
Website: www.heranba.co.in

Heranba Industries IPO Subscription Status

CategoryDay 1D 2D 3

Heranba Industries IPO Allotment Status

Heranba Industries IPO allotment status will be available on Bigshare Services’ website.

Click on this link to get allotment status.

Final thoughts

Heranba Industries IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

Spread the love

1 thought on “Heranba Industries IPO review and details”

  1. Pingback: IPO List 2021: a complete list of IPOs in 2021 - finvestfox.com

Leave a Comment

Your email address will not be published. Required fields are marked *