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    Heranba IPO : GM moves up
    March 3, 2021 admin 5 comment
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    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 Guidance: Grey market fancy for this IPO is low due to various other factors. However if you can retain the allotted shares for longer period, you must apply in this IPO. It has strong fundamentals and reasonable valuation

    Heranba GMP Today #heranba ipo
    On 3 March 2021 @ 5.00 pm
    Grey Market Premium : Rs. 250
    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 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/

    5 Comments on “Heranba IPO : GM moves up”

    1. Sohit Gupta February 28, 2021 at 4:06 pm

      Heranba ipo grey market premium latest 28 feb :- 240-250

      Reply ↓
    2. SHYAM LAL BANSAL BANSAL February 25, 2021 at 4:33 pm

      GMP is Rs 205.syrong buy tone

      Reply ↓
    3. TinkerbeLL February 25, 2021 at 4:10 pm

      *HERANBA INDUSTRIES LTD IPO*
      *FOR HNI/NII GET 1 CONFIRM LOT OF 23 SHARES*
      IF THEY HAVE MADE A BID OF 6,237 SHARES
      (RS. 39,10,599/-) & MORE
      Interest cost @7% (7 Days) for each share Rs 232/- only
      *LISTING ABOUT = 627+232 = ₹ 859/- and more*

      Reply ↓
    4. TinkerbeLL February 25, 2021 at 4:09 pm

      *HERANBA INDUSTRIES*
      *LAST DAY SUBS.FIGURE AT 04:00 P.M.*
      QIB 67.48X**
      NII 271.15X
      RII 11.58X
      *OVERALL 83.18X*
      **Excluding Anchor
      Total No.of RET.FORMS : 14,25,040
      *Apps Wise : 9.39X*

      Reply ↓
    5. Roy42 February 24, 2021 at 10:17 am

      Buy rallis. Avoid.

      Reply ↓

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