Heranba Industries Share Allotment: Allotment of shares in the IPO of Heranba Industries is going to be final on Tuesday i.e. March 2. The IPO of this company, which made Crop Protection Chemical, was opened from 23 February to 25 February, which got a good response from the investors. The issue was subscribed nearly 83 times. In grey market also, the stock is shown to be trading at a premium of 20 to 25 percent. Experts are also positive about the IPO. It is believed that Heranba Industries can be listed in the stock market with a premium. In such a situation, if you have also invested money in the stock, then you would like to know whether you got allot or not.
83 times subscribed
The IPO of Heranba Industries was subscribed 83 times. The company’s IPO received bids for 58,15,01,663 equity shares, while the size of the IPO was 69,81,417 equity shares. The Reserve Porson received 11.84 times the bids in the retail category. While QIB Porson received bids 67.45 times and in NII category 271.15 times.
Option 1: From the BSE website
For this, first you have to go to the BSE website.
After that the equity box has to be checked.
Then you have to enter the name of the issue in the dropdown.
After that you have to type your application number in the box.
After that you will have to give information about your PAN number.
Finally, you have to click on the search button, after which the complete information will be revealed.
Option 2: On the registrar’s website
Bigshare Services is the registrar for this issue. For this IPO, one has to go to the registrar’s website.
The website is https://ipo1.bigshareonline.com/IPO_Status.html.
Type the company name in the dropdown.
After this, enter PAN number, application number or depository / client ID in the box
Then enter the captcha and click on the search button.
625 crore IPO
Heranba Industries plans to raise Rs 625 crore from the IPO. The IPO was opened for investment from 23 February to 25 February. The price band for this IPO has been fixed at Rs 626-627 per share. The company had a lot size of 23 shares for the IPO. In terms of the upper price band, at least Rs 14,421 was to be invested in the company’s IPO. The bid could be placed for a maximum of 13 lots.
What does the company do
Heranba Industries is a Gujarat based agrochemical company that manufactures crop protection chemicals such as insecticides, fungicides, herbicides. The company is the leading domestic producer of synthetic pyrethroids. The company’s products are used in many countries. The company exports its products to more than 60 countries in Latin America, CES, Middle East, Africa, Asia and Southeast Asia. The company’s network has more than 9400 dealers across the country. The company also has 21 storage centers.
Expert positive on IPO
Nirali Shah, Head – Equity Research, SAMCO Securities, says the company is at a leading position in its sector. Some products have a good market share. The company has a market share of 19.5 per cent in the pyrethroids market and caters. FY2049 per cent was revenue. The coronavirus epidemic has had little impact on the company’s operations, as agrochemical companies were allowed to operate at full capacity. During FY18-FY20, the company has grown at 13 per cent CAGR in revenue. At the same time, PAT has increased by 44 percent CAGR. The company has reduced its debt continuously. The valuation of the company is also attractive compared to Pierce companies.
Brokerage house Angel Broking says that it is expected that in the coming days the company will be able to increase its market share as well as margin. Looking at the company’s future outlook, the valuation of the stock seems reasonable. The company’s return ratio is better than Pierce companies. The financial position is strong. The stock is also showing good growth with the company in the long term.