Setup in 1992, Heranba Industries Limited is a Gujarat-based crop protection chemical producer. It is likely one of the main domestic producers of artificial pyrethroids like cypermethrin, deltamethrin, lambda-cyhalothrin, and many others. The firm manufactures several types of pesticides together with pesticides, fungicides, herbicides, and different pest management products.
Heranba Industries operates in several verticals together with
1. Domestic sales of Technicals to corporations,
2. Technicals exports,
3. Domestic gross sales of Branded formulations underneath its personal brand name,
4. Formulations export and
5. Manufacturing and promoting of insect management chemical compounds.
It has a robust community within the home in addition to the abroad market. In India, it has 8600 sellers throughout 16 states and 1 union territory whereas, within the overseas market, it exports its merchandise to greater than 60 international locations by means of worldwide distribution companions.
The firm has Three well-equipped manufacturing models in Vapi, Gujarat with a mixture manufacturing capability of 14,024 MTPA. It additionally has an in-house R&D crew at Unit I and II which can be acknowledged by the Department of Scientific and Industrial Research (DSIR) and its new R&D facility at Unit III, Sarigam will turn out to be operational from December 2020.
Competitive strengths
- Range of product portfolio together with Intermediates, Formulations, and Technicals.
- Domestic in addition to international reach.
- Strong distribution community.
- Large buyer base.
- Experienced promoters and administration team.
Company Promoters:
Sadashiv K. Shetty and Raghuram K. Shetty are the corporate promoters.
Company Financials:
| Particulars | For the yr/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 enterprise working capital necessities.
- To meet common company functions.
- To meet public concern bills.
Heranba Industries IPO Details
| IPO Opening Date | Feb 23, 2021 |
| IPO Closing Date | Feb 25, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹626 to ₹627 per equity share |
| Market Lot | 23 Shares |
| Min Order Quantity | 23 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating as much as ₹625.24 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating as much as ₹60.00 Cr) |
| Offer for Sale | 9,015,000 Eq Shares of ₹10 (aggregating as much as ₹[.] Cr) |
Heranba Industries IPO Tentative Timetable
The Heranba Industries IPO is coming in market on Feb 23, 2021, and the last date will be Feb 25, 2021. The issue could list on Mar 5, 2021.
| IPO Open Date | Feb 23, 2021 |
| IPO Close Date | Feb 25, 2021 |
| Basis of Allotment Date | Mar 2, 2021 |
| Initiation of Refunds | Mar 3, 2021 |
| Credit of Shares to Demat Account | Mar 4, 2021 |
| 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 as much as 13 lots (299 shares or ₹187,473).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| 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 Prospectus
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 Lead Manager(s)
- Batlivala & Karani Securities India Private Limited
- Emkay Global Financial Services Ltd
Heranba Industries IPO FAQs
- What is Heranba Industries IPO?
Heranba Industries IPO is a main-board IPO of [.] equity shares of the face worth of ₹10 aggregating as much as ₹625.24 Crores. Each share is priced at ₹626 – ₹627 / 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 supposed to be listed on BSE and NSE. - How to apply in Heranba Industries IPO by means of Zerodha?