Heranba Industries IPO Details | Price, GMP, Opening Date, Lot Size

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Heranba IPO Details GMP

Heranba Industries Limited is coming to IPO on Feb 23rd, 2021. In this article, we clearly mentioned complete details regarding the Upcoming IPO

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 Tentative Timetable

The Heranba Industries IPO open date is Feb 23, 2021, and the close date is Feb 25, 2021. The issue may list on Mar 5, 2021.

IPO Open Date Feb 23, 2021
IPO Close Date Feb 25, 2021
Basis of Allotment Date Mar 2, 2021
Initiation of Refunds Mar 3, 2021
Credit of Shares to Demat Account Mar 4, 2021
IPO Listing Date Mar 5, 2021

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 Company Profile: 

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.

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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
  • Raghuram K. Shetty

Company Financials:

Summary of financial Information (Restated Consolidated)
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 Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Company Contact Information

Address: 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/

How to apply in Heranba Industries IPO through Zerodha?

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 the Zerodha website and login to Console.
  • Go to Portfolio and click the IPOs link.
  • Go to the ‘Heranba Industries IPO’ row and click the ‘Bid’ button.
  • Enter your UPI ID, Quantity, and Price.
  • Submit IPO application form.
  • Visit the UPI App (net banking or BHIM) to approve the mandate.

Heranba IPO GMP (Grey Market Premium)

GMP of Heranba IPO is Rs. 200 (as of 19th Feb 2021)

FAQ’s

Q: What is the lot size of Heranba Industries IPO?

Heranba Industries IPO lot size is 23 Shares and the minimum order quantity is 23 Shares.

Q: How to apply for Heranba Industries IPO?

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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Q: Heranba Industries IPO listing date?

Heranba Industries IPO listing date is not yet announced. The tentative date of Heranba Industries IPO listing is Mar 5, 2021.

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