Saturday, February 27, 2021

Heranba Industries IPO Details

Heranba Industries IPO 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

 

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Heranba Industries’ financial performance (in INR crore)

  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

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: 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: +91 22 6263 8200
Email: [email protected]
Website: 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
         
Total 6,981,417 0.83 2.74 83.29

Heranba Industries IPO: Avoid or Subscribe?

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Choice Broking – Subscribe with caution
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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 will be 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 2021 
Initiation of refunds: 3 March 2021
Transfer of shares to demat accounts: 4 March 2021
Listing Date: 5 March 2021
Opening Price on NSE: To be updated
Closing Price on NSE: To be updated

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