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Heranba Industries IPO depiction – Heranba Industries is a harvest insurance substance maker, exporter and advertising organization based out of Vapi, Gujarat. The organization fabricates intermediates, technicals and plans and it is among the main makers of manufactured pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permethrin, lambda cyhalothrin in the homegrown market.
The organization holds enrollments for 18 Technicals for production and deal in India, 93 Technicals and Formulations for assembling and deal in the fare markets and 167 Formulations enlisted for assembling and deal in India. Applications for enlistment of 13 Technicals and Formulations for make and deal in India and 2 Technicals to make for the fare markets have been recorded with the CIB and RC and are presently assessment.
In FY2020, the organization sent out its items to more than 60countries in Latin America, CIS, Middle East, Africa, Asia and South East Asia. In the homegrown market, Heranba Industries has in excess of 8,600 sellers approaching 21 stops across 16 states and one association region in India.
Subscription Dates | 23 – 25 February 2021 |
Price Band | INR626 – 627 per share |
Fresh issue | INR60 crore |
Offer For Sale | 90,15,000 shares (INR564.34 – 565.24 crore) |
Total IPO size | INR624.34 – 625.24 crore |
Minimum bid (lot size) | 23 shares |
Face Value | INR10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
| FY2018 | FY2019 | FY2020 | H1 FY2021 |
Revenue | 750.4 | 1,011.8 | 967.9 | 619.2 |
Expenses | 674.1 | 889.7 | 839.1 | 529.1 |
Net income | 47.0 | 75.6 | 97.4 | 66.3 |
Net margin (%) | 6.3 | 7.5 | 10.1 | 10.7 |
Earnings Per Share (EPS): INR25.03
Price/Earnings (PE ratio): 25.01 – 25.05
Return on Net Worth (RONW): 30.47%
Net Asset Value (NAV): INR82.15 per share
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 4 Mar 2021 | 210 | 350 | – |
| 3 Mar 2021 | 220 | 350 | 3,500 |
| 2 Mar 2021 | 200 | 350 | 3,500 |
| 1 Mar 2021 | 180 | 300 | 3,000 |
| 27 Feb 2021 | 170 | 300 | 3,000 |
| 26 Feb 2021 | 140 | – | – |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Heranba Industries Limited | Mar 05, 2021 | 627 | 812.25 | 29.55 |
NSE : HERANBA
BSE : 543266
ISIN CODE : INE694N01015
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IPO Opening Date: 23 February 2021
IPO Closing Date: 25 February 2021
Finalization of Basis of Allotment: 2 March 2021
Initiation of refunds: 3 March 2021
Transfer of shares to demat accounts: 4 March 2021
Listing Date: 5 March 2021
Opening Price on NSE: INR900 per share (up 43.54% from IPO price)
Closing Price on NSE: INR812.6 per share (up 29.6% from IPO price)
Heranba Industries Limited
101 / 102, Kanchanganga,
Factory Lane, Borivali – West,
Mumbai – 400 092, Maharashtra
Phone: +91 22 2898 7912
Email: compliance@heranba.com
Website: www.heranba.co.in
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 1,995,448 | 0.00 | 1.01 | 67.45 |
NII | 1,495,791 | 0.09 | 0.87 | 271.15 |
Retail | 3,490,178 | 1.64 | 4.53 | 11.84 |
Total | 6,981,417 | 0.83 | 2.74 | 83.29 |
Heranba Industries IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹625.24 Crores. The issue is priced at ₹626 to ₹627 per equity share. The minimum order quantity is 23 Shares.The initial public offering (IPO) begins Feb 23, 2021, and ends onFeb 25, 2021..The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Heranba Industries IPO opens on Feb 23, 2021 and closes on Feb 25, 2021.
Heranba Industries IPO lot size is 23 Shares and the minimum order quantity is 23 Shares.
Heranba Industries IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Heranba Industries IPO will be done on Mar 2, 2021, and the allotted shares will be credited to your demat account by Mar 4, 2021. Check the Heranba Industries IPO allotment status.
The Heranba Industries IPO listing date is on Friday, March 5, 2021.
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