Heranba Industries was incorporated on March 17, 1992. The company is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat. The company's business verticles include Domestic Institutional sales of Technicals, Technicals Exports, Branded Formulations, Formulations Exports and Public Health
| Bidding Dates |
|---|
| 23 Feb 2021 - 25 Feb 2021 |
| Subscription |
|---|
| 83.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,421 | 1 | 13 | 23 | 10.0 M | ₹626 - ₹627 | 75.09 % | ₹6240.0 M - ₹6250.0 M | RHP DOC |
Heranba Industries IPO SUBSCRIPTION STATUS
25 Feb '21Heranba Industries IPO overall subscription rate was 83.29 times the total available shares
Heranba Industries IPO retail subscription rate was 11.84 times in the retail segment
Heranba Industries IPO non-institutional investor subscription rate was 271.15 times in the non-institutional investor category
Heranba Industries IPO Qualified Institutional Bidder subscription rate was 67.45 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Feb 2021 (Day 3) | 11.84x | 271.15x | 67.45x |
24 Feb 2021 (Day 2) | 4.53x | 0.86x | 1.01x |
23 Feb 2021 (Day 1) | 1.65x | 0.09x | 0x |
Heranba Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| H1FY21 | 663.1 | 6,183.4 | 523.1 | 449.5 | 16.2% |
| H1FY20 | 532.4 | 5,016.5 | 146.3 | -22.1 | 15.2% |
| FY20 | 977.5 | 9,513.7 | 542.1 | 143.9 | 15.3% |
| FY19 | 754.0 | 10,044.4 | 877.0 | 620.4 | 13.8% |
| FY18 | 468.8 | 7,451.0 | 519.5 | 377.6 | 12.5% |
Heranba Industries IPO SUBSCRIPTION STATUS DETAILS
Heranba Industries had 10.0 M shares on offer
Heranba Industries IPO offer price was in the range ₹626 - ₹627
Heranba Industries IPO minimum Investment was ₹14421
Heranba Industries IPO issue size was ₹ 6240.0 M - ₹ 6250.0 M
Heranba Industries had a minimum lot size of 23 Shares per application
Heranba Industries NUMBER OF SHARES ON OFFER
Heranba Industries IPO IMPORTANT DATES
| Issue Open Date | 23 Feb 2021 |
| Issue close Date | 25 Feb 2021 |
| Allotment Date | 02 Mar 2021 |
| Refund Date | 03 Mar 2021 |
| Demat Account Credit Date | 04 Mar 2021 |
| Listing Date | 09 Mar 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Heranba Industries Allotment Status | Exchange |
Heranba Industries IPO subscription opened on 23 Feb 2021, and closed on 25 Feb 2021
IPO allotment for Heranba Industries was finalized on Tuesday, 02 Mar 2021
IPO listing for Heranba Industries was on NSE and BSE on Tuesday, 09 Mar 2021
Heranba Industries IPO LISTING GAINS
| Issue Price (adjusted) | 627.0 |
| Listing Open Price | 900.0 |
| Listing Close Price | 812.3 |
| Listing Gain% | 43.5% |
| Current Gain% | -71.5% |
Heranba Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Heranba Industries Ltd. | 178.8 | 715.4 | -9.4 | 0 | 0.4 | -10 | -3.9 | 1602.9 | 13.1 | -76.4 | -2589.3 | -19.1 | -2598 |
| UPL Ltd. | 573 | 48370.9 | 25.1 | 0.4 | 0.9 | 5.5 | 2 | 52502 | 11.4 | 1922 | 114.3 | 22.8 | 61.5 |
| PI Industries Ltd. | 2774.6 | 42095.7 | 31.9 | -1.6 | 6.3 | 11.8 | 9.8 | 7024.4 | -15.6 | 1320.8 | -20.4 | 87.1 | -20.4 |
| Sumitomo Chemical India Ltd. | 533 | 26602 | 45.9 | 11.5 | 8.2 | 16 | 12.1 | 3385 | 3.6 | 543 | 7.4 | 11.6 | 4 |
| Bayer Cropscience Ltd. | 4177.2 | 18773.2 | 25.6 | 1.1 | 3.4 | 23.2 | 12.1 | 5770 | 3.2 | 689.2 | 21.3 | 162.9 | 23.6 |
| Sharda Cropchem Ltd. | 814 | 7344.4 | 11.7 | 0.2 | 1.4 | 21.7 | 11.8 | 5409.8 | 23.5 | 680.9 | 123.7 | 69.4 | 49.1 |
Heranba Industries INFORMATION ON IPO ISSUE
About Heranba Industries
Heranba Industries was incorporated on March 17, 1992. The company is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat. The company's business verticles include Domestic Institutional sales of Technicals, Technicals Exports, Branded Formulations, Formulations Exports and Public Health
Object of the Issue
1. To meet business working capital requirements.
2. To meet general corporate purposes.
3. To meet public issue expenses.
Heranba Industries - PROMOTERS
| Name |
|---|
| Sadashiv K. Shetty |
| Raghuram K. Shetty |
Heranba Industries Book Running Lead Managers
Emkay Global Financial Services Limited
heranba.ipo@emkayglobal.com
Batlivala & Karani Securities India Private Limited
merchantbanking@bksec.com
Heranba Industries Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Heranba Industries Strengths
Product portfolio
Range of product portfolio including Intermediates, Formulations, and Technicals.
Global presence
The company has domestic as well as global reach.
Distribution network
The company has a strong distribution network
Customer base
The company has large customer base
Experienced team
Experienced promoters and management team
Heranba Industries Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, its Promoters, and certain Directors
No long term agreement with the customers
The company has not entered into long-term agreements with customers for purchasing the products nor for the supply of raw materials with the suppliers.
Contingent liabilites
The company has certain contingent liabilities that have not been provided for in the company’s financial
IPO FAQs
This IPO consists of an offer for sale of up to Rs 565.0 crore, of 9,015,000 shares. It also consists of a fresh issue of Rs 60.0 crore.
The promoters of the company are Sadashiv K. Shetty and Raghuram K. Shetty .
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 626.0 - 627.0.
The IPO application opens on Feb 23, 2021 and closes on Feb 25, 2021.
The minimum lot size for the IPO is 23. The maximum lot size for the IPO is 299.
For all category investors, the minimum application amount for this IPO is Rs. 14,421.0, the maximum value for this IPO is Rs 187,473.0.
This IPO will be allotted on Mar 02, 2021.
The refund will be credited to your account on Mar 03, 2021.
The allotted shares will be credited to your demat on Mar 04, 2021.
Heranba Industries Ltd.’s shares listed on the stock exchanges on Mar 09, 2021.