Heranba Industries IPO is open for subscription.

15 May 2021 1:40:PM

Heranba_Industries_IPO Heranba_Industries_IPO

The IPO of Heranba Industries, an agrochemical company based in Gujarat, will open on February 23, and a price band of Rs.626-627 per share has been set by the company. On February 25, the issue closes. One of India's leading producers of synthetic pyrethroids is Heranba.  After the Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft, Brookfield India REIT, Nureca, and RailTel Corporation of India, this will be the eighth IPO in 2021. The book-running lead managers for the problem are Emkay Global Financial Services and Batlivala & Karani Securities India. It is proposed that equity shares be listed on the BSE and NSE.

How to apply for Heranba industries ltd IPO?

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Objective Behind Heranba IPO:-

The organization would use the net proceeds of the provisions for newly issued working capital and expenses for general corporate purposes.

Opening and closing dates for hernaba industries ltd IPO:-

 On February 23 2021 the IPO of hernaba industries will open for bidding and on February 25 the issue will close.

What is the price band for Hernaba IPO 2021?

The price band has been set at Rs 626-627 per share for the issue.

Company profile of hernaba industries ltd :

Heranba is a producer in India of synthetic pyrethroids and their intermediates. With a remarkable growth rate year after year, it has a large business network in India as well as in the world market. Based on specially developed technologies, Heranba produces advanced agrochemical solutions. In both Government Tenders and Pest control firms, public health goods are supplied. The company is a leading domestic manufacturer of synthetic pyrethroids such as cypermethrin, alphacypermethrin, deltamethrin, permisitherin, lambda-cyhalothrin. Furthermore, its goods are exported to more than 60 countries in Latin America, the CIS, the Middle East, Africa, Asia, and southeast Asia.

How Henaba IPO will affect GMP rates:-

Chemical players receive special attention in the stock market, especially in the wake of the "Blue Sky" policy in China and the shutdown of several chemical plants. Late last year, Chemcon Specialty Chemicals IPO posted 115 percent gains, underlining the rising comfort of valuation for profitable companies.  In the meantime, Heranba Industries has also shown a comparable increase in profitability, and the continued attention of the government on the agricultural sector is likely to be beneficial.

Heranba Industries IPO details:

  •  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

Strengths & Strategies

Presence in a wide range of products across the entire value chain of synthetic pyrethroids:

Heranba manufacture Intermediates, Technicals and Formulations which form part of the entire value chain of synthetic pyrethroids and other active ingredients in the agrochemicals business. By the FY 2001-2002, they forward integrated their operations to manufacture Technicals like Metametron, Cypermethrin, Alphacypermethrin, Permethrin, and Deltamethrin.

Global outreach:

The company’s core strength lies in the R&D of Active Ingredients for creating new Formulations, preparing dossiers for national and international registrations of these new Formulations. Their in-house registration team is led by qualified personnel who facilitate the registration process in India with the CIB&RC and their dealers/customers in overseas jurisdictions, including some highly regulated markets like Europe enabling the manufacture and export of a range of Technicals and Formulations in the international markets.

Enhancing and streamlining production capacities and operations:

The company has 3 manufacturing and packaging facilities in and around the industrial belt of Vapi which manufacture Intermediates, Technicals, and a range of Insecticides, Herbicides, and Fungicides Formulations. They have streamlined their production by adding some new reactors and establishing an automated facility for packaging the Formulations at Unit III.

Development of new products at the R&D facility at Unit III (Sarigam Unit): 

In order to enter the highly regulated markets of the USA and Europe, the company has further enhanced its R&D facilities and capabilities by establishing a 2,000 sq. ft. R&D facility at Unit III (Sarigam Unit) which has become operational from October 2020.

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