Heranba Industries Limited IPO
MainboardPesticides & Agrochemicals
Listed On: Mar 5, 2021 at ₹ 900.0
₹ 14421 /23 Shares
Check Allotment23 Feb, 2021
Open Date25 Feb, 2021
Close Date03 Mar, 2021
Allotment Date05 Mar, 2021
Listing DatePrice Summary
Last Closing
238.10 (-62.03%)52 Week High
473.8552 Week Low
208.00Last Update
15-Dec-2025 3:30 PMIPO Issue Details
- Issue Price ₹626-627 per equity share
- Face Value 10 Per Equity Share
-
Issue Price
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 - Listing at BSE, NSE
- List Price 900.0
- Listing Date 2021-03-05
- Lead Manager Batlivala & Karani Securities India Private Limited, Emkay Global Financial Services Ltd
- Registrar Bigshare Services Pvt Ltd
IPO Details
- Retail Portion 35%
IPO Details
The IPO of is priced at ₹₹626-627 per equity share, which has a face value of 10 Per Equity Share each, IPO bidding starts from Feb 23, 2021 and ends on Feb 25, 2021. The allotment for IPO will be finalized on Mar 3, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 5, 2021. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are Batlivala & Karani Securities India Private Limited, Emkay Global Financial Services Ltd.
The IPO sets its price band at ₹626-627 for each share. A single application for Heranba Industries Limited IPO must contain at least 23 shares.
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IPO Subscription Analysis And 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
Company Financials
| 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 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.
- Promoter(s)
Sadashiv K. Shetty
Raghuram K. Shetty
Pre Issue Share Holding : 98.1%
Post Issue Share Holding : 74.1%
IPO - Issue Objectives
To meet business working capital requirements.
To meet general corporate purposes.
To meet public issue expenses.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| 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 - 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. You can track the real-time subscription numbers using the links below:
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 Heranba Industries Limited IPO price band is set between ₹626-627 per equity share.
Ans. To apply for Heranba Industries Limited 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 Heranba Industries Limited IPO allotment status online.
