Bookbuilding IPO | ₹625 Cr | Listed at BSE, NSE | Tue, Feb 23, 2021 - Thu, Feb 25, 2021
Heranba Industries IPO is a book build issue of ₹625.24 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹60.00 crores and offer for sale of 0.90 crore shares aggregating to ₹565.24 crores.
Heranba Industries IPO bidding started from Feb 23, 2021 and ended on Feb 25, 2021. The allotment for Heranba Industries IPO was finalized on Mar 2, 2021. The shares got listed on BSE, NSE on Mar 5, 2021.
Heranba Industries IPO price band is set at ₹627 per share. The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,421 (23 shares) (based on upper price). The lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,01,894, and for bNII, it is 70 lots (1,610 shares), amounting to ₹10,09,470.
Batlivala & Karani Securities India Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Heranba Industries IPO RHP for detailed Information.
IPO Open
Tue, Feb 23, 2021
IPO Close
Thu, Feb 25, 2021
Issue Price
₹627 per share
Market Cap (Pre-IPO)
₹3,048.89 Cr
| IPO Date | 23 to 25 Feb, 2021 |
| Listed on | Fri, Mar 5, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹626 to ₹627 |
| Issue Price | ₹627 per share |
| Lot Size | 23 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 99,71,937 shares (agg. up to ₹625 Cr) |
| Fresh Issue | 9,56,937 shares (agg. up to ₹60 Cr) |
| Offer for Sale | 90,15,000 shares of ₹10 (agg. up to ₹565 Cr) |
| Share Holding Pre Issue | 3,90,56,530 shares |
| Share Holding Post Issue | 4,86,26,603 shares |
| BSE Script Code / NSE Symbol | 543266 / HERANBA |
| ISIN | INE694N01015 |
Heranba Industries IPO comprises a total issue size of 99,71,937 shares. Out of which, 49,85,968 (50.00%) are allocated to QIB, 14,95,791 (15.00%) allocated to NII 34,90,178 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 49,85,968 | 50.00% | NA |
| − Anchor Investor Shares Offered | 29,90,520 | 29.99% | NA |
| − QIB (Ex. Anchor) Shares Offered | 19,95,448 | 20.01% | NA |
| NII (HNI) Shares Offered | 14,95,791 | 15.00% | NA |
| Retail Shares Offered | 34,90,178 | 35.00% | 1,51,746 |
| Total Shares Offered | 99,71,937 | 100.00% |
Investors can bid for a minimum of 23 shares and in multiples thereof.
| 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 | 1,587 | ₹9,95,049 |
| B-HNI (Min) | 70 | 1,610 | ₹10,09,470 |
Heranba Industries IPO raises ₹187.51 crore from anchor investors. Heranba Industries IPO Anchor bid date is February 22, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 22, 2021 |
| Shares Offered | 29,90,520 |
| Anchor Portion (₹ Cr.) | 187.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 1, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 31, 2021 |
Incorporated in 1992, 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.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To fund working capital requirements | 50.00 |
| 2 | General corporate purposes | 7.48 |
The Heranba Industries IPO is subscribed 83.29 times on February 25, 2021 5:00:00 AM (Day 3). The public issue subscribed 11.84 times in the retail category, 67.45 times in the QIB category, and 271.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 67.45 | 19,95,448 | 13,45,88,157 |
| NII | 271.15 | 14,95,791 | 40,55,88,923 |
| Retail | 11.84 | 34,90,178 | 4,13,24,583 |
| Total | 83.29 | 69,81,417 | 58,15,01,663 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers’ fees | 13.87 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 5.16 |
| 3 | Fees payable to the Registrar to the Offer | 0.54 |
| 4 | Fees payable to the other advisors to the Offer | 0.50 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 2.25 |
| 6 | Printing and stationery | 1.42 |
| 7 | Advertising and marketing expenses | 1.54 |
| 8 | Fee payable to legal counsels | 0.47 |
| 9 | Miscellaneous | 0.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹627.00 | ₹627.00 |
| Open | ₹900.00 | ₹900.00 |
| Low | ₹796.35 | ₹796.55 |
| High | ₹944.95 | ₹945.00 |
| Last Trade | ₹812.25 | ₹627.00 |
Heranba Industries IPO is a main-board IPO of 99,71,937 equity shares of the face value of ₹10 aggregating up to ₹625 Crores. The issue is priced at ₹627 per share. The minimum order quantity is 23.
The IPO opens on Tue, Feb 23, 2021, and closes on Thu, Feb 25, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Heranba Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Heranba Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Heranba Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Heranba Industries IPO opens on Tue, Feb 23, 2021 and closes on Thu, Feb 25, 2021.
Heranba Industries IPO lot size is 23, and the minimum amount required for application is ₹14,421.
You can apply in Heranba Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Heranba Industries IPO will be done on Tuesday, March 2, 2021, and the allotted shares will be credited to your demat account by Thu, Mar 4, 2021. Check the Heranba Industries IPO allotment status.
The Heranba Industries IPO listing date is on Fri, Mar 5, 2021.
