Let’s have a detailed review of the company and analytics of the Heranba Industries IPO release date, IPO offer price, subscription, Heranba Industries Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 10
Price BandRs 626 – 627
Listing AtBSE, NSE
Min. Order Quantity23 shares
Listing Date Mar 5, 2021
Offer for Sale9,015,000 Shares
Fresh IssueRs 600 MILLION
IPO SizeRs 6252.4 MILLION
Tick SizeRs. 1

Heranba Industries IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

Heranba Industries Share Price – Live Performance

Summary of Heranba Industries Limited IPO

Heranba Industries IPOHeranba Industries Limited is engaged in the business of manufacturing and marketing a range of agrochemicals. They have a pan-India presence, with integrated operations across research and development, manufacturing, marketing and distribution of a wide range of crop protection chemicals, public health and Animal Health solutions. 

The Promoter of this company is Sadashiv K. Shetty and  Raghuram K. Shetty. The lead manager to the issue is Emkay Global Financial Services Limited, Batlivala & Karani Securities India Private Limited and the Registrar to this issue is Bigshare Services Private Limited.


Heranba Industries IPO Date

The opening and the closing date of Heranba Industries Limited IPO is Feb 23, 2021 and Feb 25, 2021.


Heranba Industries IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – Feb 230.00x0.09x1.65x0.84x
2nd Day – Feb 241.01x0.86x4.53x2.74x
3rd Day – Feb 2567.45x271.15x11.84x83.29x
Shares Offered or Net Issue1,995,4481,495,7913,490,1786,981,417

The shares subscribed by the public will be updated here.


Heranba Industries IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Heranba Industries Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment FinalizationMar 2, 2021
Refunds InitiationMar 3, 2021
Credit of Shares to Demat AccountMar 4, 2021
Share Listing DateMar 5, 2021

Heranba Industries IPO Price Band / Cash Price

The face value of each share is Rs 10, but the price band of the IPO is Rs. 626 to Rs. 627 per equity share.


Heranba Industries IPO Equity Size

This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.600 million.


Heranba Industries IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.600 million,

Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.6252.4 million

Offer for Sale: Offer for sale consists of Up to 9,015,000 Equity Shares of face value of Rs.10 each, aggregating Rs.[●] million.


Heranba Industries IPO – Live Performance

The listing date of this IPO is Mar 5, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Heranba Industries Share Price

Heranba Industries IPO Grey Market Premium

The Heranba Industries IPO GMP / Grey Market Premium price is Rs 140-150, the Kostak rate is Rs 150 and the Subject to Sauda is X. 


Heranba Industries IPO – Company Overview

Heranba Industries IPOThey are a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat.

They manufacture Intermediates, Technicals and Formulations. This company is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permitherin, lambda cyhalothrin etc.

Their Pesticides range includes insecticides, herbicides, fungicides and public health products for pest control. Their business verticals include

(a) Domestic Institutional sales of Technicals: manufacturing and selling of Technicals in bulk to domestic companies;

(b) Technicals Exports: Exports of Technicals in bulk to customers outside India;

(c) Branded Formulations: Manufacturing and selling of Formulations under their own brands through their own distribution network in India;

(d) Formulations Exports: Export of Formulations in bulk and customer specified packaging outside India; and

(e) Public Health: Manufacturing and selling of general insect control chemicals by participating in public health tenders issued by governmental authorities and selling to pest management companies.


Heranba Industries IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Million)
30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets7,881.206,247.635,604.434,504.65
Total Revenue6,192.119,679.0610,118.387,504.10
*Total Expense8,390.638,897.186,741.03
Profit After Tax663.11977.50754.02468.76

Earnings per Equity Share (in Million)

31-Mar-20Mar-1931-Mar-18
Basic & Diluted25.0319.3112

Out of their aggregate revenues for the Fiscal 2020, 2019 and 2018, revenues from

(a) Domestic Institutional sales of Technicals was Rs. 3,010.04 million, Rs. 3,314.59 million and Rs. 1,963.62 million representing 31.64%, 33.00% and 26.35%;

(b) Technicals exports was Rs. 3,470.90 million, Rs. 3,965.69 million and Rs. 3,007.77 million representing 36.48%, 39.48% and 40.37%;

(c) Formulations Exports was Rs. 1,220.62 million, Rs. 951.58 million and Rs. 667.38 million representing 12.83%, 9.48% and 8.96%.

(d) Branded Formulations was Rs. 1,205.78 million, Rs. 1,458.51 million and Rs. 1,670.72 million representing 12.67%, 14.52% and 22.42%; and

(E) Public Health was Rs. 606.40 million, Rs. 353.67 million and Rs. 141.46 million representing 6.37%, 3.52% and 1.90%.


Heranba Industries IPO – Promoters

The Promoters of this company are:

  • Sadashiv K. Shetty
  • Raghuram K. Shetty

List of Related Parties (Key Managerial Personnel)

  • Abdul Latif, Company Secretary & Compliance Officer
  • Maheshwar V. Godbole, Chief Financial Officer

Heranba Industries IPO – Promoter Holdings

  • Pre-Issue Share Holding is around 98.1%
  • Post-Issue Share Holding to be around 74.1%

Competitive Strengths of Heranba Industries

  • Presence in a wide range of products across the entire value chain of synthetic pyrethroids.
  • Product registrations in the domestic and international markets enabling global outreach
  • Strong product portfolio and wide distribution network
  • Diversified and stable customer base
  • Experienced Promoters and Management Team.

Check out Related IPO Links:

Heranba Industries IPO GMP / Grey Market
Heranba Industries IPO Allotment Check

 

Heranba Industries IPO Offer Details or Issue Details

OfferOffer of [●] Equity Shares aggregating [●] Million.
Of which
Fresh IssueUp to [●] Equity Shares
Offer to SaleUp to [●] Equity Shares
QIB CategoryNot more than [●] Equity Shares
Of which:
 Anchor Investor PortionUp to [●] Equity Shares
QIBs [●] Equity Shares
Of which:
– Available for allocation to Mutual Funds Up to [●] Equity Shares
– Balance of QIB Category for all QIBs including Mutual Funds[●] Equity Shares
Non-Institutional CategoryNot less than [●] Equity Shares
Retail CategoryNot less than [●] Equity Shares
Equity Shares outstanding prior to the offer3,90,56,530 Equity Shares
Equity Shares outstanding after the Offer4,25,40,530 Equity Shares

Heranba Industries IPO Issue Object

These are the IPO Issue Objects of the company

1. To fund working capital requirements;
2. To fund expenditures towards general corporate purposes; and
3. Meet public issue expenses.

Business strategies of Heranba Industries Limited:

  • Enhancing and streamlining production capacities and operations.
  • Developing a new R&D facility at Unit III (Sarigam Unit) for new product development.
  • Entering the highly regulated markets of USA and Europe.
  • Enhancing Formulations & Technicals business in the international markets.
  • Branded Formulations and Public Health products segment.

Heranba Industries IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

a. Presence in a wide range of products across the entire value chain of synthetic pyrethroids.
b. Product registrations in the domestic and international markets enabling global outreach.
c. Strong product portfolio and wide distribution network.
d. Diversified and stable customer base.
e. Experienced Promoters and Management Team.

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-181229.8 –
31-Mar-1919.3133.05 –
*31-Mar-2025.0330.4782.15

Competitive Peers:

ParticularsFace Value  (in Rs.)EPS (In Rs.) BasicP/E RatioRONW (%) NAV (In Rs.)
Heranba Industries Limited1025.03[●]30.4782.14
–Peer Group–
Rallis India Limited109.5129.6713.11%72.51
Sumitomo Chemical India Limited104.172.1116.75%24.48
Bharat Rasayan Limited10371.0324.9427.94%1327.73
Punjab Chemicals and Crop Protection Limited108.7770.3211.00%79.72

Heranba Industries IPO Lead Managers

Lead Managers
Emkay Global Financial Services Limited
The Ruby, 7th Floor, Senapati Bapat Marg
Dadar (West), Mumbai – 400 028, India.
Tel. No.: +91 22 6612 1212
Email: heranba.ipo@emkayglobal.com
Investor grievance email: ibg@emkayglobal.com
Website: www.emkayglobal.com
Contact Person: Deepak Yadav / Sagar Bhatia
SEBI Registration No.: INM000011229


Batlivala & Karani Securities India Private Limited
1101, 1103, 1104, Hallmark Business Plaza, 11th Floor,
Sant Dnyaneshwar Marg, Near Guru Nanak, Hospital,
Bandra (East), Mumbai – 400 051, Maharashtra, India.
Tel. No.: +91-22-40076000
Email: merchantbanking@bksec.com
Investor grievance email: grievance.mbd@bksec.com
Website: www.bksec.com
Contact Person: Darshan Piyush Trivedi/ Shikha Jain
SEBI Registration No.: INM000012722

Heranba Industries IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri (East), Mumbai- 400 059, Maharashtra, India
Tel. No.: +91 22 6263 8200
Fax No.: +91 22 6263 8299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
SEBI Registration No: INR000001385
Contact Person: Babu Raphael

Heranba Industries IPO – Other Details

  • Statutory Auditor – M/s. N. S. Shetty & Co., Chartered Accountants.
  • Legal Advisor to the Company – Desai & Diwanji
  • Bankers to the Company – ICICI Bank Limited

Heranba Industries IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


Heranba Industries IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

News 2 – Heranba Industries IPO Download RHP


Heranba Industries IPO Review FAQs

Ques – What is the Issue Size of Heranba Industries IPO?

Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

Ques – What is Heranba Industries IPO Price band?

Answer – The price band for this particular IPO ranges between Rs. 626 to Rs. 627 per equity share. As far as the face value of the share is of concern, it is Rs.10 per share.

Ques – What is the Heranba Industries IPO Open Date?

Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on Feb 23, 2021, while the closing date is set at Feb 24, 2021.

Ques – What is the IPO Allotment Date?

Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on March 2, 2021, refund initiation is on March 3, 2021, credit of shares is on March 4, 2021 and share listing date is on March 5, 2021.

Ques – What is the IPO Listing Date?

Answer – Shares of this company shall be listed in the exchanges BSE and NSE. Date when the listing would be done is stagnant on March 5, 2021.

Ques – Who is the Registrar of this IPO?

Answer – One of the reputed registrars are managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on a lookout for.

Ques – Who is the Promoter of this Company?

Answer – Here are the promoters of this company – Sadashiv K. Shetty and Raghuram K. Shetty. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

Ques – What is GMP of Heranba Industries IPO?

Answer – We have obtained the GMP of this IPO and it is Rs 170-180. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Ques – Is Heranba Industries IPO good for Investment?

Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

Ques – What is the PAT of this Company?

Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Million is 977.50, 2019 is 754.02, 2018 is 468.76. PAT from Sep 2020 is 663.11.


Market Guide

What is IPO?
IPO Investment
IPO Valuation
Upcoming IPOs

Featured Topics

Top 10 Discount Brokers
Authorised Person
Top 10 Full Service Brokers in India
Best Demat Account in India
Stock Broker Comparison
Top 10 Intraday Trading Brokers
Stock Market Franchise
Top 10 Broking Franchise
Sub Broker Franchise

Leave a Reply

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

24 + 9 =

Get 90% Discount on Brokerage Now! Open Demat Account