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Open
23 Feb 2021
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Close
25 Feb 2021
3
Allotment
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Listing
Fri, Mar 5, 2021
Price Band
₹626 to ₹627
Issue Size
99,71,937 shares (agg. up to ₹625 Cr)
Lot Size
23 Shares
Listing Date
Fri, Mar 5, 2021
Latest GMP
₹270
Est. Gain
43.06%
✦ AI Insight
GMP Trend
04-03-2021₹270Est. ₹897+43.06%
03-03-2021₹230Est. ₹857+36.68%
02-03-2021₹215Est. ₹842+34.29%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 57.49x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 788.12 | 624.76 | 560.44 | 450.47 |
| Total Income | 619.21 | 967.91 | 1,011.84 | 750.41 |
| Profit After Tax | 66.31 | 97.75 | 75.40 | 46.88 |
| EBITDA | 100.14 | 145.88 | 138.81 | 93.13 |
| NET Worth | 381.26 | 320.85 | 228.18 | 157.32 |
| Reserves and Surplus | 342.20 | 281.79 | 189.12 | 149.51 |
| Total Borrowing | 38.02 | 43.08 | 49.87 | 75.99 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To fund working capital requirements | 50.00 |
| 2 | General corporate purposes | 7.48 |
About Heranba Industries IPO
Incorporated in 1992, 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. Heranba Industries operates in different verticals including 1. Domestic sales of Technicals to companies 2. Technicals exports, 3. Domestic sales of Branded formulations under its own brand name, 4. Formulations export, and 5. Manufacturing and selling of insect control chemicals. It has a strong network in the domestic as well as the overseas market. In India, it has 8600 dealers across 16 states and 1 union territory whereas, in the overseas market, it exports its products to more than 60 countries through international distribution partners. The company has 3 well-equipped manufacturing units in Vapi, Gujarat with an aggregate manufacturing capacity of 14,024 MTPA. It further has an in-house R&D team at Unit I and II that are recognized by the Department of Scientific and Industrial Research (DSIR) and its new R&D
Contact Details
Heranba Industries Ltd. AddressPlot No.1504 / 1505 / 1506/1 GIDCPhase-IIIVapi, Gujarat, 39619591 260 240 1646compliance@heranba.comVisit Website