Wednesday, February 10, 2021

Heranba Industries IPO Date, Review, Price Band, Form & Market Lot Details

Heranba Industries IPO to hit the market on 23 February 2021. Heranba Industries Limited incorporated in 1996 based in Gujarat. The company a manufacturer of crop protection chemical. They are leading producer 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. They have their manufacturing unit in Vapi, Gujarat with capacity of 14,024 MTPA. They have their own in-house R&D Unit as well. Check out Heranba Industries IPO date, price band and market lot details.

Anchor Investors:

Heranba Industries raises Rs 187.5 crore from anchor investors. The marquee anchor investors included Government Pension Fund Global, Jupiter India, Cohesion MK Best Ideas Sub-Trust, Dovetail India Fund, Societe Generale and Morgan Stanley. The domestic front, HDFC Trustee Company, Max Life Insurance Company, IIFL Special Opportunities Fund and Emkay Emerging Stars Fund received shares in the anchor book.

Equity Shares outstanding prior to the Issue = 3,90,56,530 Shares
Fresh Issue of 9,56,937 Shares @627/- = Rs.60.00Crores
Offer for Sale of 90,15,000 Shares @627/- = Rs.565.240Crores
Equity Shares outstanding after the Issue = 4,00,13,467 Shares

Category-wise Break up:
Anchor: 29,91,581 Shares = 187.57Crores
QIB: 19,94,387 Shares = 125.05Crores
NII: 14,95,791 Shares = 93.79Crores
RII: 34,90,178 Shares = 218.83Crores (Lot size: 23 = 1,51,747 Forms)
Total Issue: 99,71,937Shares = 625.24Crores.

Subscription required for 1X
RII: 1,51,747 Forms
NII: 93.79Crores

Listing Pear Group Companies:
Rallis India
Sumitomo Chemical India
Bharat Rasayan
Punjab Chemicals
Crop Protection

Heranba Industries Logo



    Heranba Industries IPO Review

    • Apply for Short Term and Long Term Gain

    Brokerage Firm IPO Reviews

    • Hem Securities - Subscribe
    • Prabhudas Lilladher Pvt Ltd - Subscribe
    • Investmentz Ltd - Subscribe for Long Term
    • ICICI Direct - Subscribe
    • Capital Market - Subscribe
    • Prabhudas Lilladher Pvt Ltd - Subscribe

    Heranba Industries IPO Date & Price Band

     IPO Open:  23 February 2021
     IPO Close:  25 February 2021
     IPO Size:  Approx ₹625 Crore
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹626 to ₹627 Per Share 
     Listing on:  BSE & NSE
     Retail Portion:  35%
     Equity:   9,015,000 Shares

    Heranba Industries IPO Market Lot

     Minimum Lot Size:  Minimum 23 Shares
     Minimum Amount:  ₹14421
     Maximum Lot Size:  Maximum 299 Shares
     Maximum Amount:  ₹187473

    Heranba Industries IPO Allotment & Listing

     Basis of Allotment:  2 March 2021
     Refunds:  3 March 2021
     Credit to Demat Account:  4 March 2021
     Listing Date:  5 March 2021

    Heranba Industries IPO Form

    How to apply the Heranba Industries IPO? You can apply Heranba Industries IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Heranba Industries IPO in the Invest section. The other option you can apply Heranba Industries IPO via IPO forms download via NSE and BSE. Check out the Heranba Industries forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

    Heranba Industries Company Financial Report

      ₹ in Crore

    Revenue Expense Net Income
    2017 - - -
    2018 750 674 47.0
    2019 1012 890 75.6
    2020 968 839 97.4
    2021 - H1
    - - -

    Company Promoters

    • Sadashiv K. Shetty
    • Raghuram K. Shetty

    About Heranba Industries

    When technocrats, Mr. Sadashiv K Shetty & Mr. Raghuram K Shetty formed a company, with an objective of providing innovative products to farmers to maximise their farm output, this is achieved by its research and product development divisions, where “Chemistry is at its best”.

    HERANBA's mission is to improve Crop Productivity and Public Health. It is committed to the wellness of world citizens.

    Heranba is manufacturers of Synthetic Pyrethroids and its intermediates in India. It has a wide network of business in India as well as in world market with a phenomenal growth rate year after year.

    We produce advance agro-chemical solutions based on specially developed technology. Our Public Health products are supplied in both Government Tenders and to Pest control companies.

    We have fully equipped in house laboratory with all the laboratory equipment’s such as HPLC’s, GC’s, Polarimeters, Particle size Analysers, Spectrophotometers and other conventional lab equipment’s.

    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus

    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
    Note: Check Heranba Industries IPO allotment status on Bigshare website allotment URL. Click Here

    Heranba Industries IPO Lead Managers

    • Batlivala & Karani Securities India Private Limited
    • Emkay Global Financial Services Ltd

    Company 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/

    Heranba Industries IPO FAQs


    When Heranba Industries IPO will open for QIB, NII, and Retail?

    The IPO is to open on 23 February 2021 for QIB, NII, and Retail Investors.

    What is Heranba Industries IPO Investors Portion?

    The investors' portion for QIB-50%, NII-15%, and Retail 35%.

    How to Apply the Heranba Industries IPO?

    You can apply Heranba Industries IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Burger King IPO through Zerodha?

    Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Heranba Industries". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

    What is Heranba Industries IPO Size?

    Heranba Industries IPO size is ₹625 crore.

    What is Heranba Industries IPO Price Band?

    Heranba Industries IPO Price Band is ₹626 - ₹627.

    What is Heranba Industries IPO Minimum and Maximum Lot Size?

    The minimum bid is 23 Shares with ₹14421 amount while maximum bid is 299 shares with ₹187473.

    What is Heranba Industries IPO Allotment Date?

    Heranba Industries IPO allotment date is 2 March 2021.

    What is Heranba Industries IPO Listing Date?

    Heranba Industries IPO listing date is 5 March 2021. The IPO to list on BSE and NSE.

    Note: The Heranba Industries IPO price band and date will be added as it will be officially announced. The IPO grey market premium (Heranba Industries IPO GMP) will be added on the grey market page as it will start)