Heranba Industries Limited IPO(Heranba IPO)

Heranba IPO
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Heranba Industries is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat.

The company manufactures intermediates, technicals and formulations and it is among the leading producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permitherin, lambda cyhalothrin in the domestic market.

The company holds registrations for 18 Technicals for manufacture and sale in India, 93 Technicals & Formulations for manufacture and sale in the export markets and 167 Formulations registered for manufacturing and sale in India.

Applications for registration of 13 Technicals & Formulations for manufacture & sale in India and 2 Technicals to manufacture for the export markets have been filed with the CIB&RC and are in the process of evaluation.

In FY2022, the company exported its products to more than 60countries in Latin America, CIS, Middle East, Africa, Asia and South East Asia. In the domestic market, Heranba Industries has more than 8,600 dealers having access to 21 depots across 16 states and one union territory in India.

Heranba IPO 2021

Competitive strengths

  • Range of product portfolio including Intermediates, Formulations, and Technicals.
  • Domestic as well as global reach.
  • Strong distribution network.
  • Large customer base.
  • Experienced promoters and management team.

Company Financials

ParticularsFor the year/period ended (₹ in million)
Total Assets7,881.206,247.635,604.434,504.65
Total Revenue6,192.119,679.0610,118.387,504.10
Profit After Tax663.11977.50754.02468.76

Objects of the Issue

  • To meet business working capital requirements.
  • To meet general corporate purposes.
  • To meet public issue expenses.
Heranba IPO 2021
Object Of The Issue

Heranba Industries IPO Details

IPO Opening Date23 FEB, 2021
IPO Closing Date25 FEB, 2021
Issue TypeBook Built Issue IPO
Issue Size₹ 625 Cr.
Face Value₹10 per equity share
IPO Price[626] to [627] per equity share
Market Lot23 Shares
Min Order Quantity23 Shares
Listing AtBSE, NSE
Offer For Sale90,15,000 Equity Share

Heranba Industries IPO

IPO Open Date23 FEB, 2021
IPO Close Date25 FEB, 2021
Finalization of Basis of Allotment02 MAR, 2021
Initiation of Refunds03 MAR, 2021
Credit of Shares to Demat Account04 MAR, 2021
IPO Listing Date05 MAR, 2021

Heranba Industries IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)

Heranba Industries IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Apply For Heranba Industries IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Heranba Industries IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Heranba Industries IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

Heranba Industries Limited
Plot No. 1504 / 1505 / 1506/1 GIDC
Phase-III, Vapi,
Valsad – 396195

Phone: 91 260 240 1646
Email: compliance@heranba.com


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