IPO Details
Below are key details about the IPO of the Company
- IPO Start Date – 23th Feb 2021
- IPO End Date – 25th Feb 2021
- IPO Price – INR 626 – 627
- IPO Lot Size – 23
- Minimum investment required – INR 14,421
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Business Details
Heranba is an Agrochemical Company. It manufactures Synthetic Pyrethroids and its intermediates in India. It is market leader in pyrethroids which is a insecticide. It has approx. 20% market share in this category. The major product categories from the Company are listed below
- Insecticides
- Different brands under this category are Alpha Shakti, Benzo, Cargo, Cypra, Delta, Dodak,Fenta etc
- Fungicides
- Different brands under this category are Astron, Cyman, Mandy, Proline and Vintage
- Herbicides
- Different brands under this category are Atria, Bisperi, Cloud, Finox and Glory
- Plant Growth
- Different brands under this category are Boost, Jeevan, Jibra and Shado.
- Public Health
- Different brands and product in this category are Rat Kill, Proton, Protex, Temper and Mantra.
The manufacturing facility of the Company is situated in Vapi. It has three manufacturing unit all located in same location. Each facility is dedicated to one specific category of products. It is government recognized export house. It has presence in major cities of India which helps it sell products in almost every major state in India.
It has 8600 dealers covering major landscape of India. It also exports the products to more than 60 countries across the globe.
Financial Snapshot
Below are key financials of the Company for year ending 2020
- Total Assets – 6247
- Total Revenue – 9679
- Profit for year – 977
IPO Subscription Status
Below is IPO Subscription status of the Company. I will be updating this section with time.
- QIB – 0.00 times
- NII – 0.00 times
- RII – 0.00 times
- Employee – 0.00 times
- Total Subscription is 00.00 times
Below is meaning of the Key terms used above
- QIB is (Institutes or Mutual Funds like HDFC AMC etc)
- NII is (People bidding for more than 2 lakhs in IPO application)
- RII is (People bidding for less than 2 lakhs)
- Employee and Others are Reserved Quota Investors.
My Opinion
Heranba Industries Limited is present in Agrochemical industry. Agrochemical sector in India is dominated by Multinational Companies as well as some well known domestic companies from top corporate house in India like Rallis from Tata Group
There are few negative issues against Company. Shakti Bio Science owned by Heranba promoters was declared willful defaulter in past. Also SEBI has issued orders against the Company. It is also having legal battles for bounced checks etc. So there are many criminal and other charges against the Company which has negative image on it.
Personally I do not like companies having negative legal charges against them. It may take huge toll in Company for long term investment. This is not a good choice.
You can read this article on Make money with IPO for details on how to use Subscription data and best time to apply for IPO.