Heranba Industries Limited IPO

Mainboard

Pesticides & Agrochemicals

Listed On: Mar 5, 2021 at ₹ 900.0

₹ 14421 /23 Shares

Check Allotment

Price Summary

Last Closing

464.20 (-25.96%)

52 Week High

562.00

52 Week Low

280.40

Last Update

25-Nov-2024 3:30 PM

IPO Details

23 Feb, 2021

Open Date

25 Feb, 2021

Close Date

03 Mar, 2021

Allotment Date

05 Mar, 2021

Listing Date

Issue Price

₹626-627 per equity share

Face Value

10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

900.0

Listing Date

2021-03-05

Market Lot

23 Shares (₹14,421/-)

Lead Manager

Batlivala & Karani Securities India Private Limited, Emkay Global Financial Services Ltd

Issue Size

Total Equity Shares 99,71,929 of ₹10/- at price of ₹626/- to ₹627/- with aggregating up to ₹625.24/- Cr

# Fresh Issue of 9,56,938 Equity Shares of ₹10/- at price of ₹626/- to ₹627/- with aggregating up to ₹60/- Cr

# Offer for Sale of 90,15,000 Equity Shares of ₹10/- at price of ₹626/- to ₹627/- with aggregating up to ₹565.24/- Cr

Retail Portion

35%

Subscription

83.29 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	19,95,448	14,95,791	34,90,178	69,81,417
Day 1 - 23-02-21 05:00 PM	0.00 x	0.09	1.64 x	0.85 x
Day 2 - 24-02-21 05:00 PM	1.01 x	0.87	4.53 x	2.74 x
Day 3 - 25-02-21 05:00 PM	67.45 x	271.15	11.84 x	83.29 x

Valuations

Earnings Per Share (EPS)

₹24.34/-

P/E Ratio

25.76

RoNW

30.47%

Net Asset Value (NAV) - As on 30.09.21

₹97.62

Company Financials All values are in ₹ Cr.

	31-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Assets	788.12	624.76	560.44	450.46
Revenue	619.21	967.90	1,011.83	750.41
Profit After Tax	66.31	97.75	75.40	46.87

About The Company

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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Heranba Industries Limited	6.42	25.76	30.47%	967.90
Rallis India Limited	3.38	23.53	14.36%	2,286.15
Sumitomo Chemicals India Limited	10.77	48.56	22.17%	2,435.45
Bharat Raasayan Limited	6.59	29.66	22.21%	1,231.87
Punjab Chemicals and Crop Protection Limited	7.87	25.12	31.32%	562.69

IPO - Ratings

Emkay Global	None
Hem Securities	Subscribe
Axis Capital	None
Capital Market	Subscribe
Investmentz Ltd	Subscribe for Long Term

- Promoter(s)

Pre Issue Share Holding: 98.1%

Post Issue Share Holding: 74.1%

Company Promoter(s)

Sadashiv K. Shetty
Raghuram K. Shetty

IPO - Issue Objectives

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

IPO - FAQs

Ans. Heranba Industries Limited IPO is a Mainboard IPO. The issue is priced at ₹626-627 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.

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

Ans. The size of Heranba Industries Limited IPO is Total Equity Shares 99,71,929 of ₹10/- at price of ₹626/- to ₹627/- with aggregating up to ₹625.24/- Cr # Fresh Issue of 9,56,938 Equity Shares of ₹10/- at price of ₹626/- to ₹627/- with aggregating up to ₹60/- Cr # Offer for Sale of 90,15,000 Equity Shares of ₹10/- at price of ₹626/- to ₹627/- with aggregating up to ₹565.24/- Cr.

Ans. The IPO price band is set between ₹626-627 per equity share.

Ans. To apply for Heranba Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Heranba Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Heranba Industries Limited IPO is Mar 3, 2021.

Ans. The Heranba Industries Limited IPO will be listed on Mar 5, 2021.

Ans. Follow the steps to check the allotment status for Heranba Industries Limited IPO here.