Heranba IPO Opens Today: Should You Subscribe? Check Price, GMP, Subscription Status, Dates

Heranba Industries IPO Opens with nearly Rs 100 GMP. It has already collected Rs 187 crores from Anchor Investors.

by FighterMan Updated: 05 Mar, 2021, 18:27 IST
2 1767
Heranba IPO Opens Today

Gujarat based Heranba Industries Limited opens its doors today for subscription of its Rs 625 crore IPO. Investors will have around 90 lakh equity shares up for grabs. This company is into agrochemicals and manufactures synthetic pyrethroids among others. It has come out with its IPO with the aim to grow more in the US and Europe, and extending operations in India and many other countries.

Heranba IPO Listing Day Stats

It has given a stellar opening on its listing with the day's high on Rs 945. It ended the day on Rs 812 i.e. 29.60% of rise from base price. Besides, the day's low was Rs 796.

Heranba Industries IPO Price, GMP, Subscription Status, Dates

The Heranba Industries IPO has a face value of Rs 10 per equity share. You can apply for a minimum 1 lot and a maximum of 13 lots i.e. you can invest a maximum of Rs 1.87 Lakh and a minimum of Rs 14.4 Thousand. Now let’s check its Price, GMP, Subscription Status, and Dates.

IPO Price

Rs 626 / Share

Grey Market Premium or GMP(as on 24/02/21, 09:42)

Rs 150 / Share

Lot Size

23 Shares

IPO Opening Date

23rd February 2021

IPO Closing Date

25th February 2021

IPO Allotment Date

2nd March 2021

IPO Listing Date

5th March 2021

Current(24/02/21, 09:42) Subscription Status

Retail: 165%

Total: 84%

Heranba Industries Pros

Heranba Industries has a market share of around 19% in the agrochemical industry in India. Besides, it has over 8500 dealers in the country. Moreover, it supplies products to 60+ countries around the globe.

This company has 3 manufacturing units in Vapi, Gujarat which can manufacture nearly 14K million metric tons per annum which is huge. Besides, it has its own R&D team.

In the past 3 years, its assets rose from Rs 4504 million to Rs 7881 million while the revenue mounted to 10,000M from 7,000M in FY18-19. Additionally, it booked a profit of Rs 663 million(Sept 2020) from Rs 468 million in 2018.

Currently, its GMP(grey market premium) is more than 20% which is a great start. Moreover, it is subscribed 0.84x, and might end at 1.5x on Day 2 which is again a tick in its pros. Besides, yesterday it collected around Rs 187 crores from 18 anchor investors. Thus, investors are definitely rooting for this IPO, but less than the RailTel IPO which was launched previously.

Heranba Industries Cons

Heranba Industries had a revenue of Rs 10k million in 2019, but it dropped drastically and is now Rs 6k million. Moreover, it lost around Rs 300 million in profits compared to last year. Besides, the company might face high rise in prices of raw materials this year which may impact nearly 50% of its revenue.

Should You Subscribe?

This IPO is recommended for long term gains, given its strong market presence, experienced promoters & team, and global outreach. Besides, it may also get you a 15% profit during its listing due to its huge customer base, long market reach, and foreign investments. Therefore, you should subscribe to Heranba Industries and create a chance of maximizing profits in the long run.

Will You Subscribe to this IPO or wait for some more time? Do share your views in the comments below.

2 Comments  |  
2 Dimers
  • Sort By
Entertainer Entertainer

Your IPO posts are always first! 🥳

Bhai you work for merchant bank 🏦 or research brokerage?

replyuser