Agrochemicals company Heranba Industries is looking to raise upto ₹625 crores through capital markets listing.
It is one of the leading domestic producer of synthetic pyrethroids and commands market share of 19.5% in India
Company is having three (3) manufacturing and packaging facilities in and around the industrial belt of Vapi, Gujarat having one hundred seventy-four (174) reactors with an aggregate manufacturing capacity of 14,024 MTPA.
Extensive distribution network in India supported by a skilled sales force. Have more than nine thousand four hundred (9,400) dealers having access to twenty-one (21) depots of Company across sixteen (16) states and one (1) union territory in India supporting the distribution of our products
| IPO Opens | IPO Closes | Price Band (₹/Sh) | Listing Date (~) |
|---|---|---|---|
| 23-Feb-2021 | 25-Feb-2021 | 626 to 627 | 5-Mar-2021 |
Promoted by Mr. Sadashiv K Shetty and Mr. Raghuram K Shetty, Heranba Industries is into Agrochemicals business
About Industry
Growing at a CAGR of nearly 7.4% during 2014-2019, the India Pyrethroids market is currently experiencing a positive growth. In 2019, the market reached a sales value of US$ 110 Million. Pyrethroids are cost-effective alternatives for conventionally used insecticides. They exhibit biodegradable properties and are widely used as liquid powders, granules, concentrate emulsifiers, and ultra-low-volume (ULV) sprays. Additionally, they are relatively less poisonous for mammals or birds, owing to which they are used for killing bugs and flying insects in small quantities. Consequently, they are also replacing organophosphates, which were conventionally used on vegetables, such as carrots and lettuce. Company expect the demand for pyrethroids in India to remain positive during 2020-2025, exhibiting a CAGR of 19.6% and reaching a sales value of US$ 205 Million by 2025.
Key Pointers
- Presence in a wide range of products across the entire value chain of synthetic pyrethroids.
- Product registrations in the domestic and international markets enabling global outreach
- Strong product portfolio and wide distribution network.
- Diversified and stable customer base
- Experienced Promoters and Management Team
- ~20% market share
Heranba Industries IPO Snapshot
| Issue Open | 23-Feb-2021 |
| Issue Close | 25-Feb-2021 |
| Face Value | ₹ 10/- |
| Price Band | ₹ 626 to ₹ 627 (Including premium of ₹ 616 to ₹ 617 per share) |
| Discount | Nil |
| Bid Lot | 23 shares and in multiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Heranba Industries Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹ 625.2 Crores (Upper Band) | ₹ - Crores |
| QIB Portion | ~50% | 67.48 times |
| NII Portion (Application for lot size of 15 & above) | ~15% | 271.15 times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~35% | 11.84 times |
| Employees Portion | NA crores | NA times |
| Total | 100% | 83.31 times |
Heranba Industries IPO Indicative Dates
| Issue Open | 23-Feb-2021 |
| Issue Close | 25-Feb-2021 |
| Anchor Investor Bidding | One working day prior to Issue opening date of 23-Feb-2021 (around 22-Feb-2021) |
| Announcement of Allotment | 2-Mar-2021 |
| Initiation of Refunds | 3-Mar-2021 |
| Credit of Shares | 4-Mar-2021 |
| Listing (Ckfinommencement of trading on Stock Exchanges) | 5-Mar-2021 |
Lead Managers of Heranba Industries IPO
List of Book Running and Lead/Co-Lead Manager/s
| Emkay Global Financial Services Limited |
| Batlivala & Karani Securities India Private Limited |
Registrar of Heranba Industries IPO
| Bigshare Services Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 625 Crores (Upper Band |
| Pre-Issue Promoter's Holding | 98.85% |
| Post Issue Promoter's Holding | TBA |
| Pre-Issue Shares | ₹ 39 Crores |
| Post Issue Shares | TBA Crores |
| Post Issue Market Cap (based on Price band) | ₹ TBA to ₹ TBA Crores |
Check Allotment Status of Heranba Industries IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| Q3? Ans Source: NPCI |
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