Heranba Industries IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 23 Feb 2021 - 25 Feb 2021
Issue Size ₹625.24 Cr
Issue Price ₹626-627
Market Lot 23 Shares
Shares on Offer 90,15,000
Registrar Bigshare
GMP ₹120-125
Kostak ₹200-250
Subject to Sauda N/A
Listing Date 05 March 2021
Listing Price ₹900
Listing Gain% 43.54

About Heranba Industries Limited

Heranba Industries Limited is one of the leading agrochemical players in India. Success story of HERANBA finds its root in 1996, when technocrats, Mr. Sadashiv K Shetty & Mr. Raghuram K Shetty formed a company, with an objective of providing innovative products to farmers to maximise their farm output.

Heranba recognizes the requirement for the highest level of support in product research, development and registration. We are constantly striving towards developing a cost effective process for manufacturing of Active Ingredients and Intermediates for Herbicides,, Insecticides & Fungicides and to develop new formulations of Crop protection products. The company has a state-of-the-art R&D center and a pilot plant Our Formulation Development Lab has been set up with Lab Scale equipments like: Bead Mill, Air Jet Mill, Extruders, Fluidized Bed Dryer and many more. The facility fulfils the requirement for Organic Synthesis as well as Formulation Development.

They have well qualified team of research personnel and scientists working for the continuous improvement of existing products and the development of new product.

Heranba is manufacturers of Synthetic Pyrethroids and its intermediates in India. It has a wide network of business in India as well as in world market with a phenomenal growth rate year after year.

Company Promoters

Sadashiv K. Shetty and Raghuram K. Shetty are the company promoters.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 6,247.63 5,604.43 4,504.65
Total Revenue (In ₹ Millions) 9,679.06 10,118.38 7,504.10
Profit After Tax (PAT) (In ₹ Millions) 977.50 754.02 468.76

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
26 Feb 2021 ₹120-125 ₹200-250 N/A
25 Feb 2021 ₹150-160 ₹200-250 N/A
24 Feb 2021 ₹130-140 ₹200-250 N/A
22 Feb 2021 ₹213-215 ₹250-300 N/A
17 Feb 2021 ₹180-185 N/A N/A

Competitors Analysis

Company EPS P/E Face Value

Strengths & Weaknesses

Strength
Profit has doubled since 2018
High Grey Market Premium for this Stock.
Weakness

Heranba Industries Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 23 Feb 2021 0.00 0.09 1.65 0.84
Day 2 - 24 Feb 2021 1.01 0.86 4.53 2.74
Day 3 - 25 Feb 2021 67.45 271.15 11.84 83.29

Allotment Status

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IPO Allotment Status

Heranba Industries Limited IPO FAQs

  1. When will Heranba Industries Limited IPO open?

    Heranba Industries Limited IPO will open on 23 Feb 2021 and close on 25 Feb 2021.

  2. What is the listing date of Heranba Industries Limited IPO?

    Heranba Industries Limited IPO will list on 05 March 2021.

  3. What is the offer price of Heranba Industries Limited IPO?

    The offer price of Heranba Industries Limited IPO is ₹626-627.

  4. What is the lot size of Heranba Industries Limited IPO?

    The lot size of Heranba Industries Limited IPO is 23.

  5. What is the Grey Market Premium (GMP) price of Heranba Industries Limited IPO?

    The Grey Market Premium (GMP) price of Heranba Industries Limited IPO is ₹120-125.

  6. What is the Kostak price of Heranba Industries Limited IPO?

    The Kostak price of Heranba Industries Limited IPO is ₹200-250.

  7. What is the Subject to Sauda price for Heranba Industries Limited IPO?

    The Subject to Sauda price for Heranba Industries Limited IPO is Not Available at the moment.

Heranba Industries Limited IPO Review/Comments

How much premium you are expecting on this share for listing?

Dhruv Surti

above 180 gmp

Ritesh Vaish

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