Heranba IPO : Listing Estimate

Heranba IPO @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 21 Years

Heranba IPO Listing Estimate / First Day first Show:
The IPO as expected received strong oversubscription and since then Grey market fancy has been consistently impressive. The company has strong profitability and considering all the aspect, We expect the scrip to list at Rs 847+/-10. However strong uptrend and high of Rs. 920 expected on first day of listing

Heranba GMP Today #heranba
On 4 March 2021 @ 5.45 pm
Grey Market Premium : Rs. 240/245
For Past trend ,See Page bottom box

Heranba IPO Subscription
As on 25 February 2021 @ 5.30 noon
QIB 1995448 Sh : 67.45 T
NII 1495791 Sh : 271.15 T
RII 3490178 Sh : 11.84 T
Tot:6981417 Sh : 83.29 T

Heranba Company Details
The Company is engaged in the business of manufacturing and marketing a range of agrochemicals. It has a pan-India presence, with integrated operations across research and development, manufacturing, marketing and distribution of a wide range of crop protection chemicals, public health and Animal Health solutions.

We manufacture technical products (active ingredients), intermediate products and formulations. Its pesticides range includes insecticides, herbicides, fungicides and public health products for pest control. It aims to provide innovative products to farmers that enhance farm efficiency and offer better crop solutions. It has products for all kinds of crops, vegetables and fruits. Its products viz Deltamethrin and Alphacypermethrin are now recommended and included in the WHO/FAO specifications. The company has a well-balanced effluent treatment system for the solid, liquid and gaseous effluents and emission generated from the various processes.
Its major focus is on exports. It exports its Products to more than 60 countries including Argentina, Belgium, Egypt, Ghana, Indonesia, Jordan, Malaysia, Nicaragua, Philippines, South Africa, Tunisia, Ukraine, Australia, Brazil, Europe, Hamburg, Iran, Kenya, Mexico, Nigeria, Poland, Turkey, Vietnam, Bangkok, China, France, Zimbabwe, Israel, Korea, Pakistan, Saudi Arabia, Taiwan, Uganda, Thailand, UK, Bangladesh, Colombia, Germany, Hongkong, Istanbul, Kyrgyzstan, New Zealand, Peru, Singapore, Middle East.
Domestically it caters to the customers all over India with its extensive dealership, stockist network and skilled field sales force. It has established more than 100 branded formulations in 20 states within India. It has more than 5000 dealers across India. It has 21 stock points across India. It has been participating in all important agrochemical exhibitions to showcase its products and to understand customer’s requirements.
It has a full-fledged registration department with qualified personnel and data support as per GLP standards to meet each country’s regulatory requirements. It has obtained products registrations in many countries.
heranba has four fully integrated and modern manufacturing facilities with an In-house R&D facility for product development and improvisation.

All 4 facilities are in the industrial belt of “Vapi”, which is a prime Industrial Township in Gujarat, at a distance of 180 km from Mumbai. These facilities offer a range of Crop Protection chemicals, Public Health and Animal Health solutions. The Company has a multi-product set up at four different sites/units in Vapi.
The strengths of the company:
a. Presence in a wide range of products across the entire value chain of synthetic pyrethroids.
b. Product registrations in the domestic and international markets enabling global outreach.
c. Strong product portfolio and wide distribution network.
d. Diversified and stable customer base.
e. Experienced Promoters and Management Team
For more study : www.heranba.co.in

The promoters of Heranba Industries Limited
Sadashiv K. Shetty &
Raghuram K. Shetty

Heranba Industries Limited IPO Main Objects
The Offer comprises of a Fresh Issue and an Offer for Sale.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
To meet business working capital requirements

Heranba IPO Details
IPO Opens on : 23 Feb 2021
IPO Closes on : 25 Feb 2021
Issue Type: Book Built Issue IPO
Issue :
Offer of 9971938 Equity Shares having face value of 10.00 each at a price of 627 per
Equity Share (including a share premium of  per Equity share) aggregating  Rs. 625.24 Crore
Of which:
Fresh Issue Up to 956937 Equity Shares amounting to Rs. 60 crore
Offer for Sale Up to 90,15,000 Equity Shares amounting to Rs. 565.24 Crore
Face Value per share : Rs. 10

Heranba IPO Price Band Per Equity Share: Rs. 626-627
Heranba IPO Lot Size 23 Shares
Heranba Listing will at BSE,NSE

Shares offered to
QIB 50%, 4985969 Shares = Rs.312.63 Crore
NII 15% 14,95791 Shares = Rs 93.78 Crore
RII 35%, 3490178 Shares = Rs 218.83 Crore
(Lot size: 23 Shares = 151747 Forms)

Heranba IPO Tentative timeTable
Price Band announced
Heranba IPO Anchor List
Heranba IPO Opens on 23 Feb 2021
Heranba IPO Closes on 25 Feb 2021
Heranba IPO Allotment on 2 March 2021
Unblocking of ASBA 3 March 2021
Credit to Demat Accounts 4 March 2021
Heranba IPO Listing on 5 March 2021

Heranba IPO Financial Details :
Earnings per Share 2017-18 Rs 12.00
Earnings per Share 2018-19 Rs 19.31
Earnings per Share 2019-20 Rs 25.03
Earnings per Share 2020-21,6M Rs 16.98
Book Value of the Share as on 31.03.2020 Rs 82.15
Book Value of the Share as on 30.09.2020 Rs 97.62
Return on Net Worth: 17-18 29.80 %
Return on Net Worth: 18-19 33.05 %
Return on Net Worth: 19-20 30.47 %
Return on Net Worth: 20-21,6M : 17.39 %
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio:
Equity Shares outstanding prior to the Offer : 3,90,56,530
Equity Shares outstanding after the Offer : 4,25,40,530

Heranba IPO Peer Comparison:
Rallis India Limited @ PE Multiple of 28.77
Sumitomo Chemical @ PE Multiple of 77.38
Bharat Rasayan @ PE Multiple of 26.87
Punjab Chemicals @ PE Multiple of 95.10

Heranba IPO Lead Managers
Emkay Global Financial Services
Batlivala & Karani Securities India

Heranba Registrar to the  IPO 
Bigshare Services Pvt Ltd

Registered Office of Heranba Industries Limited
Plot No. 1504 / 1505 / 1506/1
GIDC Phase-III,
Vapi, Valsad – 396195
Company Secretary & Compliance Officer
Abdul Latif

Heranba IPO Grey Market Premium Trend
On 4 March 2021 @ 5.45 pm
Grey Market Premium : Rs. 240/245
On 4 March 2021 @ 12.00 noo
Grey Market Premium : Rs. 230
On 3 March 2021 @ 12.00 noon
Grey Market Premium : Rs. 250
On 2 March 2021 @ 6.00 pm
Grey Market Premium :235-240
On 1 March 2021 @ 8.00 pm
Grey Market Premium :210-220
On 27 February 2021 @ 4.00 pm
Grey Market Premium :190
Application Rates : 400
Subject to Rates : Rs. 3500, no trades
On 26 February 2021 @ 6.00 pm
Grey Market Premium :210/220
Application Rates : 400
Subject to Rates : Rs. 3500
On 25 February 2021 @ 12.00 noon
Grey Market Premium Rs. 130
On 24 February 2021 @ 6.30 noon
Grey Market Premium Rs. 125
On 24 February 2021 @ 12.00 noon
Grey Market Premium Rs. 123/135
On 23 February 2021 @6.30 pm
Grey Market Premium Rs. 150/160
On 22 February [email protected] 7.00 pm
Grey Market Premium Rs. 70(No trades)
On 20 February [email protected] 7.00 pm
Grey Market Premium Rs. 200(No trades)
On 19 February 2021 @ 12.00 noon
Grey Market Premium Rs. 220(No trades)
On 18 February 2021 @ 6.00 pm
Grey Market Premium Rs. 220

On 18 February 2021 @ 12.00 noon
Grey Market Premium Rs. 200
On 17 February 2021 @ 4.50 pm
Grey Market Premium Rs. 220 seller
On 16 February 2021 @ 7.00 pm

Grey Market Premium Rs. 200
Application Rates :Rs. 250
Subject to Rates : Rs. nil

Heranba Industries Limited IPO Live Review & Analysis @ youtube.com/c/chanakyanipothi 

Study Anupam Rasayan IPO @
https://chanakyanipothi.com/burger-king-india-limited-ipo-grey-market-premium-gmp-analysis/

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