Heranba Industries Limited IPO (Heranba Industries IPO) Details:

Heranba ipo

Heranba Industries Limited IPO (Heranba Industries IPO) Details:

Heranba Industries Limited was founded in 1996 as a chemical producer based in Gujarat. Anyhow, it is one of the leading domestic producers of cypermethrin, deltamethrin, lambda-cyhalothrin, etc., synthetic pyrethroids. Therefore, the company produces various forms of pesticides, including insecticides, fungicides, herbicides, and other products for pest control.

On the other hand, Heranba Industries works in various vertical compartments like 1. Domestic sales to companies with Technicals 2. Exports of methods, 3. Developed formulations domestic sales under its own brand name, 4. Export formulations and 5. Formulations Insect control chemicals produce and distribute. Moreover, it has a large domestic and foreign network. Besides, it has 8,600 dealers in India, covering 16 states and one union territory, while its goods are exported to foreign distribution partners in more than 60 countries in the overseas market.

However, the company is divided into three well-stocked production units in Vapi, Gujarat, totaling 14,024 MTPA. It is also equipped with an internal R&D team at Units I and II that will become operational from December 2020 and will be recognized by the Department of Science and Industrial Research (DSIR) and its new Unit III R&D facility.

Heranba Industries Limited IPO (Heranba Industries IPO) Details:

IPO Opening Date Feb 23rd, 2021
IPO Closing Date Feb 25th, 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
Issue Size Eq Shares of ₹10 (aggregating up to ₹625.24 Cr)
Fresh Issue Eq Shares of ₹10 (aggregating up to ₹625.24 Cr)
Offer for Sale 90,15,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

The key objects of the Heranba Limited IPO are as follows: 

Heranba Limited IPO: The company produces various forms of pesticides, including insecticides, fungicides, herbicides, and other products for pest control. However, the issue is going to be opened on 23rd February and it will be closed on 25th February. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. 626-627/- per share. However, the minimum market lot is set at 23 shares per lot. Moreover, the minimum order quantity for buying is 35 shares. Further, the stock listing at BSE NSE. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. 625.24 crores. And its fresh issue of Equity shares of Rs. 10/- aggregating up to Rs. 625.24 crores.

    • To meet business working capital requirements.
    • Further, To meet general corporate purposes.
    • To meet public issue expenses.

Prospectus Documents:

Heranba Industries IPO DRHP

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

Phone: 91 260 240 1646
Email: compliance@heranba.com
Website: https://www.heranba.co.in/

Leave a Reply

Your email address will not be published. Required fields are marked *