Heranba Industries Limited
- IPO Date23 Feb, 2021 to 25 Feb, 2021
- Listing Date05 Mar, 2021
- Face Value₹10 per share
- Issue Price₹626 to ₹627 per share
- Lot Size23 Shares
- Minimum Investment₹14,421
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale90,15,000 Shares
(aggregating up to ₹565.24 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
25 Feb, 2021
Initiation of Refunds
04 Mar, 2021
Listing Date
05 Mar, 2021
23 Feb, 2021
Opening Date
02 Mar, 2021
Basis of Allotment
04 Mar, 2021
Credit of Shares
Heranba Industries Limited Lot Size
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors 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 |
Heranba Industries Limited Promoter Holding
Sadashiv K. Shetty and Raghuram K. Shetty are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 98.1% | 74.1% |
Heranba Industries Limited COMPANY INFORMATION
Heranba Industries IPO is a book built issue of Rs 625.24 crores. The issue comprises of fresh issue of Rs 60.00 crore and offer for sale of 0.9 crore shares. Heranba Industries IPO bidding started from February 23, 2021 and ended on February 25, 2021. The allotment for Heranba Industries IPO was finalized on Tuesday, March 2, 2021. The shares got listed on BSE, NSE on March 5, 2021. Heranba Industries IPO price band is set at ₹626 to ₹627 per share. The minimum lot size for an application is 23 Shares. The minimum amount of investment required by retail investors is ₹14,421. Batlivala & Karani Securities India Private Limited and Emkay Global Financial Services Ltd are the book running lead managers of the Heranba Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Heranba Industries IPO RHP for detailed information.
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
- Range of product portfolio including Intermediates, Formulations, and Technicals.
- Domestic as well as global reach.
- Strong distribution network.
- Large customer base.
- Experienced promoters and management team.
FAQs About Heranba Industries Limited
Heranba Industries Limited will open on 23 Feb, 2021 and close on 25 Feb, 2021. Investors must apply within this period to participate.
The Heranba Industries Limited price band is set between ₹626.00 and ₹627.00 per share. The minimum lot size is 23, requiring an investment of at least ₹14421.00.
The Heranba Industries Limited shares are expected to be listed on 05 Mar, 2021, subject to regulatory approvals and final allotment.
You can track your Heranba Industries Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Heranba Industries Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.