Heranba Industries IPO is a Gujarat-based crop protection chemical manufacturer and is all set to make a debut in the stock market with an issue size of 625.24 Cr.
Heranba Industries IPO -Overview
| Heranba Industries India IPO Issue Date | 3-5 Feb 2021 |
| Heranba Industries India IPO Opening Date | 3 Feb 2021 |
| Heranba Industries India IPO Face Value | INR 10 per share |
| Heranba Industries India IPO Price | INR 627 per share |
| Heranba Industries India IPO Lot Size | 23 Shares |
| Issue Size | 625.24 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE. |
| QIB Shares Offered | 67.45 times |
| NII (HNI) Shares | 271.15 times |
| Company Promoters | Sadashiv K. Shetty and Raghuram K. Shetty are the company promoters. |
Heranba Industries IPO Limited IPO-Tentative Dates
| Heranba Industries India IPO opening date | 23 Feb 2021 |
| Heranba Industries India IPO closing date | 25 Feb 2021 |
| Basis of Allotment | 2 March 2021 |
| Initiation of Refunds | 3 March 2021 |
| The credit of Shares to Demat | 4 March 2021 |
| Heranba Industries India IPO Listing Date | 5 March 2021 |
Heranba Industries IPO – Industry Overview.
Pyrethroids serve as an economical and safe alternative for increasing crop yields for combating hunger, as well as eliminating vector-borne diseases like malaria. Today pyrethroids find usage in significant applications across pest protection, environmental health, and crop care as well as animal health. Since pyrethroids are significantly more effective against a broader range of insects, they are considered highly economical and beneficial by most farmers. Pyrethroids are extremely useful and fast-acting against chewing insects and have low water solubility. This implies pyrethroids are less likely to develop to environmentally hazardous levels. They are low in mammal and bird toxicity and require very low dosages as compared to organophosphate pesticides to kill insects. They maintain insecticidal activity over a prolonged period which helps to control overlapping pest generations. Finally, they are naturally readily biodegradable. Pyrethroids are safe chemistry, have a broad spectrum of usage, and are cost-effective when considering agriculture economy per hectare.
Heranba Industries IPO – Company Overview
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.
Heranba Industries IPO -Objectives
- To make repayment/pre-payment of company’s borrowing fully or partially.
- To meet general corporate purposes.
Heranba Industries IPO – Financial Statements
| Particulars | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 7,881.20 | 6,247.63 | 5,604.43 |
| Total Revenue | 6,192.11 | 9,679.06 | 10,118.38 |
| Profit After Tax | 663.11 | 977.50 | 754.02 |
Heranba Industries IPO – Strengths
- The range of product portfolio includes Intermediates, Formulations, and Technical.
- Domestic as well as global reach.
- Strong distribution network.
- Large customer base.
- Experienced promoters and management team.
Company Contact Information
Heranba Industries Limited
Plot No. 1504 / 1505 / 1506/1 GIDC
Phase-III, Vapi,
Valsad – 396195
Phone: 91 260 240 1646
Email: compliance@heranba.com
Website: https://www.heranba.co.in/
Heranba Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
