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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 ₹627.00 per share . The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,398 (23 shares). 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 Date | February 23, 2021 to February 25, 2021 |
| Listing Date | March 5, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹626 to ₹627 per share |
| Issue Price Final | ₹627 per share |
| Lot Size | 23 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 99,71,937 shares (aggregating up to ₹625.24 Cr) |
| Fresh Issue | 9,56,937 shares (aggregating up to ₹60.00 Cr) |
| Offer for Sale | 90,15,000 shares of ₹10 (aggregating up to ₹565.24 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,90,56,530 shares |
| Share Holding Post Issue | 4,86,26,603 shares |
Heranba Industries IPO offers total 99,71,937 shares. Out of which 49,85,968 (50.00%) allocated to QIB, 19,95,448 (20.01%) allocated to QIB, 14,95,791 (15.00%) allocated to NII, 34,90,178 (35.00%) allocated to RII and 29,90,520 (29.99%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Heranba Industries IPO opens on February 23, 2021, and closes on February 25, 2021.
| IPO Open Date | Tue, Feb 23, 2021 |
| IPO Close Date | Thu, Feb 25, 2021 |
| Tentative Allotment | Tue, Mar 2, 2021 |
| Initiation of Refunds | Wed, Mar 3, 2021 |
| Credit of Shares to Demat | Thu, Mar 4, 2021 |
| Tentative Listing Date | Fri, Mar 5, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 25, 2021 |
Investors can bid for a minimum of 23 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 7,881.20 | 6,247.63 | 5,604.43 | 4,504.65 | |
| Total Revenue | 6,192.11 | 9,679.06 | 10,118.38 | 7,504.10 | |
| Profit After Tax | 663.11 | 977.50 | 754.02 | 468.76 | |
The Company Heranba Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To fund working capital requirements | 50.00 |
| 2 | General corporate purposes | 7.48 |
[Dilip Davda] Based on financial, P/E and P/BV parameters, the issue appears reasonably priced. The company has many known brands in its portfolio. HIL reaps benefits from rising exports to developed countries of its products with better margins. The company has a dividend track record as well. Considering all these aspects, investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | March 5, 2021 |
| BSE Script Code | 543266 |
| NSE Symbol | HERANBA |
| ISIN | INE694N01015 |
| Final Issue Price | ₹627 per share |
Heranba Industries Ltd.
Plot No. 1504 / 1505 / 1506/1 GIDC
Phase-III, Vapi,
Valsad – 396195
Valsad, Gujarat
Phone: 91 260 240 1646
Email: compliance@heranba.com
Website: https://www.heranba.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Heranba Industries IPO is a main-board IPO of 99,71,937 equity shares of the face value of ₹10 aggregating up to ₹625.24 Crores. The issue is priced at ₹627 per share. The minimum order quantity is 23.
The IPO opens on February 23, 2021, and closes on February 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 February 23, 2021 and closes on February 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 Thursday, March 4, 2021. Check the Heranba Industries IPO allotment status.
The Heranba Industries IPO listing date is on Friday, March 5, 2021.
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