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 Technical.
Domestic and global reach.
Strong distribution network.
Large customer base.
Experienced promoters and management team.
Heranba Industries IPO Details
| 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 |
| BSE Script Code | 543266 |
| NSE Symbol | HERANBA |
| ISIN | INE694N01015 |
| Issue Size | aggregating up to ₹625.24 Cr |
| Fresh Issue | aggregating up to ₹60.00 Cr |
| Offer for Sale | 9,015,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
IPO TIME TABLE
| PARTICULAR | DATE |
| IPO Open Date | 23-Feb-21 |
| IPO Close Date | 25-Feb-21 |
| Basis of Allotment Date | 2-Mar-21 |
| IPO Listing Date | 5-Mar-21 |
Heranba Industries IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 23 | ₹14,421 |
| Maximum | 13 | 299 | ₹187,473 |
Company Financials:
| PARTICULAR | 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 | 977.5 | 754.02 | 468.76 |
Company Promoters:
Sadashiv K. Shetty and Raghuram K. Shetty are the company promoters.
Objects of the Issue:
- Business working capital requirements.
- General corporate purposes.
- Public issue expenses.
REGISTRAR & COMPANY DETAILS
| Company Contact Information | Heranba Industries IPO Registrar |
| 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/ | Bigshare Services Pvt Ltd1st 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 |
