Heranba Industries Limited IPO Detail

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.

Company Promoters:

Sadashiv K. Shetty and Raghuram K. Shetty are the company promoters.

Company Financials:

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

Heranba Industries IPO Details

IPO Opening Date Feb 23, 2021
IPO Closing Date Feb 25, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹626 to ₹627 per equity share
Market Lot 23 Shares
Min Order Quantity 23 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹10
(aggregating up to ₹625.24 Cr)
Fresh Issue [.] Eq Shares of ₹10
(aggregating up to ₹60.00 Cr)
Offer for Sale 9,015,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Heranba Industries IPO Lot Size

The Heranba Industries IPO market lot size is 23 shares. A retail-individual investor can apply for up to 13 lots (299 shares or ₹187,473).

Application Lots Shares Amount (Cut-off)
Minimum 1 23 ₹14,421
Maximum 13 299 ₹187,473

Heranba Industries IPO Promoter Holding

Pre Issue Share Holding 98.1%
Post Issue Share Holding 74.1%

Heranba Industries IPO Tentative Timetable

IPO Open Date Feb 23, 2021

IPO Close DateFeb 25, 2021

Basis of Allotment DateMar 2, 2021

Initiation of RefundsMar 3, 2021

Credit of Shares to Demat AccountMar 4, 2021

IPO Listing DateMar 5, 2021

Heranba Industries IPO Subscription Status

Total      83.29x

Company Contact Information

Heranba Industries Limited
Plot No. 1504 / 1505 / 1506/1 GIDC                                                                           
Phase-III, Vapi,
Valsad – 396195

Phone: 91 260 240 1646
Email: [email protected]
Websitehttps://www.heranba.co.in/

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