Heranba Industries IPO Open Today: On Tuesday, 23 February, the IPO of Heranba Industries has opened for investment. The company, which is making crop protection chemicals through an IPO, has plans to raise Rs 625 crore. The IPO of Heranba Industries will be open for investment from 23 February to 25 February. The price band for this IPO has been fixed at Rs 626-627 per share. For the IPO, the company has kept lot size of 23 shares. Philharl IPO market is performing better. In such a situation, if you are thinking of putting money in this IPO, then first see what is the opinion of the expert on this.
Head of Equity Research, Samco Securities, Nirali Shah Says that the company is on a leading position in its area. Some products have a good market share. The company has a market share of 19.5 percent in the pyrethroids market and caters. FY2049 per cent was revenue. The corona virus 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 grew by 13 percent 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. The company is getting competition from companies like Rallis India, Bharat Chem. Currently, the IPO can be invested for listing gains.
60 crore fresh issue
There will be a fresh issue of 60 crores in this IPO. At the same time, the offer for sale of 90.15 lakh shares will be kept by the promoters. The company will use the money received from this issue to meet its working capital requirements. Sadashiv’s Shetty, Raghuram’s Shetty, Babu’s Shetty and Vitthal’s Bhandari are among the promoters of the company. As of February 10, his total stake in the company was 98.85 percent. Sadashiv’s Shetty will sell 58,50,000 shares and Raghuram’s Shetty 22,72,038 shares in the IPO. Sams Industries will sell 8,12,962 shares, Babu’s Shetty 40,000 shares and Vittala’s Bhandari 40,000 shares.
At least how much investment
The lot size is 23 shares in the IPO of Heranba Industries. While the price band is 626-627 rupees per share. In terms of the upper price band, at least Rs 14,421 will have to be invested in the company’s IPO. At the same time, you can bid for a maximum of 13 lots. The IPO will be listed on BSE and NSE. The probable date of listing is 5 March 2021.
What does the company do
Heranba Industries is a Gujarat based agro chemical 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 has more than 9400 dealers across its network. The company also has 21 storage centers.