Heranba Industries IPO Details
Heranba Industries IPO description – Heranba Industries is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat. The company manufactures intermediates, technicals and formulations and it is among the leading producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permitherin, lambda cyhalothrin in the domestic market.
The company holds registrations for 18 Technicals for manufacture and sale in India, 93 Technicals & Formulations for manufacture and sale in the export markets and 167 Formulations registered for manufacturing and sale in India. Applications for registration of 13 Technicals & Formulations for manufacture & sale in India and 2 Technicals to manufacture for the export markets have been filed with the CIB&RC and are in the process of evaluation. In FY2020, the company exported its products to more than 60countries in Latin America, CIS, Middle East, Africa, Asia and South East Asia. In the domestic market, Heranba Industries has more than 8,600 dealers having access to 21 depots across 16 states and one union territory in India.
Promoters of Heranba Industries – Sadashiv K Shetty and Raghuram K Shetty
| Heranba Industries IPO details | |
| Subscription Dates | 23 – 25 February 2021 |
| Price Band | INR626 – 627 per share |
| Fresh issue | INR60 crore |
| Offer For Sale | 90,15,000 shares (INR564.34 – 565.24 crore) |
| Total IPO size | INR624.34 – 625.24 crore |
| Minimum bid (lot size) | 23 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Â
|
Heranba Industries’ financial performance (in INR crore) |
||||
| Â | FY2018 | FY2019 | FY2020 | H1 FY2021 |
| Revenue | 750.4 | 1,011.8 | 967.9 | 619.2 |
| Expenses | 674.1 | 889.7 | 839.1 | 529.1 |
| Net income | 47.0 | 75.6 | 97.4 | 66.3 |
| Net margin (%) | 6.3 | 7.5 | 10.1 | 10.7 |
More About Heranba Industries
Heranba Industries Contact Details
Heranba Industries Limited
101 / 102, Kanchanganga,
Factory Lane, Borivali – West,
Mumbai – 400 092, Maharashtra
Phone: +91 22 2898 7912
Email: [email protected]
Website:Â www.heranba.co.in
Registrar of Heranba Industries IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Valuation of Heranba Industries (as of FY2020)
Earnings Per Share (EPS): INR25.03
Price/Earnings (PE ratio): 25.01 – 25.05
Return on Net Worth (RONW): 30.47%
Net Asset Value (NAV): INR82.15 per share
Heranba Industries IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 1,995,448 | 0.00 | 1.01 | 67.45 |
| NII | 1,495,791 | 0.09 | 0.87 | 271.15 |
| Retail | 3,490,178 | 1.64 | 4.53 | 11.84 |
| Â | Â | Â | Â | Â |
| Total | 6,981,417 | 0.83 | 2.74 | 83.29 |
Heranba Industries IPO: Avoid or Subscribe?
Anand Rathi – Subscribe
Angel Broking – Subscribe
BP Wealth – Subscribe
Choice Broking – Subscribe with caution
Elite Wealth – Listing gains
GEPL Capital – Subscribe
Geojit – Subscribe
Hem Securities – Subscribe
ICICIdirect – Subscribe
KR Choksey – Subscribe
SMC Global – 2/5
Ventura Securities – Not Rated
Heranba Industries IPO Allotment Status
Heranba Industries IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing Performance of Heranba Industries
IPO Opening Date: 23 February 2021
IPO Closing Date: 25 February 2021
Finalisation of Basis of Allotment: 2 March 2021Â
Initiation of refunds: 3 March 2021
Transfer of shares to demat accounts: 4 March 2021
Listing Date: 5 March 2021
Opening Price on NSE: INR900 per share (up 43.54% from IPO price)
Closing Price on NSE: INR812.6 per share (up 29.6% from IPO price)
Good industry…. profitable company. Year on year good growth . Valuation resonable . Apply it !!!!! Listing gain 20% to 30% .
Good chemical ipo….