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Hot Deal Heranba Industries Limited IPO (Heranba Industries IPO) Should You Subscribe

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Heranba Industries Limited IPO (Heranba Industries IPO) Should You Subscribe

Heranba Industries Limited IPO (Heranba Industries IPO)

https://cdn0.desidime.com/attachments/photos/665745/medium/7392293Heranba-Industries-Limited-Logo.png?1613445167

Incorporated in 1996, 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.

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

Deal Wiki

1.The lot size in Heranba IPO has been fixed at 23. At the upper price band of ₹627, one lot will cost ₹14,421 and retail investors can apply a maximum of 13 lots.

2) According to brokerages, the share allocation in Heranba IPO is likely to be finalised on March 2nd and listing may happen on March 5th.

3) Emkay Global Financial Services Ltd and Batlivala and Karani Securities India are the book running lead managers to the IPO.

4) Bigshare Services Pvt Ltd is the registrar of the IPO and will manage share allocation and refund.

5) Heranba is offering up to 99.8 lakh shares in the IPO, with 90.2 lakh shares under offer for sale and the rest through fresh issue of shares. The funds raised through fresh issue of shares will be utilised to finance the company’s working capital requirements and general corporate purposes.

6) Post issue, the shareholding of promoters will fall to 74.2%, from 98.8% earlier.

7) Today pyrethroids find usage in significant applications across pest protection, environmental health and crop care as well as animal health.

8) In FY20, the company had recorded a turnover of ₹951 crore as compared to ₹745 crore in FY18 while profit jumped to ₹97 crore from ₹50 crore.

9) According to the IPO prospectus, in 2019, Heranba Industries Limited dominated the India pyrethroids market, accounting for a share of 19.5% of the total Indian pyrethroids production values.

30 Comments  |  
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GMP 160

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Admin
cosmos wrote:

GMP 160

Are you applying ?

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Admin
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bikidas2060 wrote:

What are your thoughts bhau???

will wait .. till second day!!

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Rosh_0007 wrote:

Are you applying ?

maybe, if the IPO sees strong subscription during the issue period

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Heranba Industries IPO subscribed 83.22 times so far.

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Moderator

heard that gmp crossed 200 after so much subscription. Is it true?

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Kar diya subscribe, milna bhi toh chahiye

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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

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Rosh_0007 wrote:

Are you applying ?

aap retail mein lagayenge ya corporate mein smiling_imp

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Awake wrote:

U got?

Yeh humara desidime hai,
yeh hum hain,
yeh mera score hai 0/1,
aur humari pawri kab ho rahi hai??? smile

450
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Got 1 out 6

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cosmos wrote:

Yeh humara desidime hai,
yeh hum hain,
yeh mera score hai 0/1,
aur humari pawri kab ho rahi hai??? smile

Yaha bh barso se sukha pda haii! Baarish ka naamo nishan nahi hai rolleyes

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0/15 imp rolleyes rage cry

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When i am checking its showing no data found so it means no allotment or its an error..plz help me..checking through bigshareonline…

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0/1
Only got allotment in gland pharma and IRFC

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1/5

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Sunasuna wrote:

0/1
Only got allotment in gland pharma and IRFC

IRFC, Same sweat

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Got 1

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Hi, I wish to learn stock trading, plz guide very good books to learn well (read by you and helped), also any online courses or teachers links u can share will be helpful.

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On listing day… Can we get this with a price little more than ipo price?

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Got bank message today as Rs.603.75 has credited, IRFC limited. Is it dividend?

Missing