Heranba Industries Limited IPO
Mainboard₹14,421 / 23 Shares
Heranba Industries Limited IPO Details
The Heranba Industries Limited IPO price band is set between ₹626-627 per equity share, with a face value of 10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 23 Feb, 2021 and closes on 25 Feb, 2021. Investors can check the allotment status on 3 Mar, 2021, while the listing date is tentatively scheduled for 5 Mar, 2021.
The total issue size 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, aggregating up to . Stay tuned for the latest Heranba Industries Limited IPO review and GMP updates.
Heranba Industries Limited IPO Review, Rating & Analysis
Heranba Industries Limited IPO Review
NO REVIEWHeranba Industries Limited IPO Rating
Heranba Industries Limited IPO Highlights
IPO Date
Feb 23, 2021 - Feb 25, 2021
Listing Date
5 Mar, 2021
Face Value
10 Per Equity Share
Price Band
₹626-627 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Heranba Industries Limited IPO Lot Size
The minimum market lot for Heranba Industries Limited IPO is 23 shares with an application amount of ₹14,421. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,421 |
| Retail (Max) | 13 | 299 | ₹1,87,473 |
| S-HNI (Min) | 14 | 322 | ₹2,01,894 |
| S-HNI (Max) | 69 | 1587 | ₹9,95,049 |
| B-HNI (Min) | 70 | 1610 | ₹10,09,470 |
Heranba Industries Limited IPO Timeline
Issue Price
₹626-627 per equity shareFace Value
10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Batlivala & Karani Securities India Private Limited, Emkay Global Financial Services LtdIssue 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 SharesHeranba Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Sept 20 | 788.12 | 619.21 | 66.31 | - | - | - |
| 31 Mar 20 | 624.76 | 967.90 | 97.75 | - | - | - |
| 31 Mar 19 | 560.44 | 1011.83 | 75.40 | - | - | - |
| 31 Mar 18 | 450.46 | 750.41 | 46.87 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Sadashiv K. Shetty
- Raghuram K. Shetty
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 98.1% | 74.1% |
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.
Heranba Industries Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 |
Frequently Asked Questions about Heranba Industries Limited IPO IPO
When will Heranba Industries Limited IPO open for subscription?
The Heranba Industries Limited IPO opens on 23 Feb, 2021 and closes on 25 Feb, 2021.
What is the investors portion for Heranba Industries Limited IPO?
The investors' portion for QIB is 67.45 x, NII is 271.15, and Retail is 11.84 x.
How to apply for Heranba Industries Limited IPO?
You can apply for Heranba Industries Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Heranba Industries Limited IPO?
The issue size of Heranba Industries Limited IPO is approx ₹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 crores.
What is the price band of Heranba Industries Limited IPO?
The price band for Heranba Industries Limited IPO is ₹626 to ₹627 per equity share.
What is the lot size of Heranba Industries Limited IPO?
The minimum bid (lot size) for Heranba Industries Limited IPO is N/A shares with an investment of approx ₹14,421 .
What is the allotment date of Heranba Industries Limited IPO?
The allotment date for Heranba Industries Limited IPO is 3 Mar, 2021.
What is the listing date of Heranba Industries Limited IPO?
The listing date for Heranba Industries Limited IPO is expected to be 5 Mar, 2021.
What is the GMP of Heranba Industries Limited IPO?
The latest Grey Market Premium (GMP) for Heranba Industries Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.