Heranba Industries IPO

23rd - 25th Feb 2021

Price Band

626 to 627

Issue Size

625.24 Cr

Face Value


Market Lot


About Heranba Industries IPO

Incorporated in 1992, Heranba Industries Limited is a Gujarat-based crop protection chemical manufacturer. It is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, deltamethrin, lambda-cyhalothrin, etc. The company manufactures different types of pesticides including insecticides, fungicides, herbicides, and other pest control products.

Heranba Industries operates in different verticals including 1. Domestic sales of Technicals to companies 2. Technicals exports, 3. Domestic sales of Branded formulations under its own brand name, 4. Formulations export, and 5. Manufacturing and selling of insect control chemicals. It has a strong network in the domestic as well as the overseas market. In India, it has 8600 dealers across 16 states and 1 union territory whereas, in the overseas market, it exports its products to more than 60 countries through international distribution partners.

The company has 3 well-equipped manufacturing units in Vapi, Gujarat with an aggregate manufacturing capacity of 14,024 MTPA. It further has an in-house R&D team at Unit I and II that are recognized by the Department of Scientific and Industrial Research (DSIR) and its new R&D facility at Unit III, Sarigam will become operational from December 2020.

Competitive strengths

  • Range of product portfolio including Intermediates, Formulations, and Technicals
  • Domestic as well as global reach
  • Strong distribution network
  • Large customer base
  • Experienced promoters and management team

Objects of the Issue

  • To meet business working capital requirements
  • To meet general corporate purposes
  • To meet public issue expenses

Heranba Industries IPO Details

IPO Opening Date Feb 23, 2021
IPO Closing Date Feb 25, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹626 to ₹627 per equity share
Market Lot 23 Shares
Min Orher Quantity 23 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹10 (aggregating up to ₹625.24 Cr)
Fresh Issue [.] Eq Shares of ₹10 (aggregating up to ₹60.00 Cr)
Offer for Sale 9,015,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)

Heranba Industries IPO FAQs

What is Heranba Industries IPO?
Heranba Industries IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹625.24 Crores. The issue is priced at ₹626 to ₹627 per equity share. The minimum order quantity is 23 Shares.
The IPO opens on Feb 23, 2021, and closes on Feb 25, 2021. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Heranba Industries IPO will open?
The Heranba Industries IPO opens on Feb 23, 2021 and closes on Feb 25, 2021.
What is the lot size of Heranba Industries IPO?
Heranba Industries IPO lot size is 23 Shares and the minimum order quantity is 23 Shares.
How to apply for Heranba Industries IPO?
You can apply in Heranba Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
When Heranba Industries IPO allotment?
The finalization of Basis of Allotment for Heranba Industries IPO will be done on Mar 2, 2021, and the allotted shares will be credited to your demat account by Mar 4, 2021.
When is Heranba Industries IPO listing date?
The Heranba Industries IPO listing date is not yet announced. The tentative date of Heranba Industries IPO listing is Mar 5, 2021.

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