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<\/p>\nTaking a step forward, Gujarat-based Heranba Industries is all set to venture into the field of the stock market. Heranba Industries\u2019 Rs.625 crores initial public offering (IPO) will open for subscription next week on February 23 and close on February 25, 2021.<\/p>\n
In the year 2020, from June onwards, as IPOs have delivered one record-breaking performance after the other.<\/p>\n
The offer comprises a fresh issue of shares worth Rs 60 crore and an offer for sale of 90,15,000 shares.<\/p>\n
If you are in a dilemma to invest in this IPO or not, we have curated some vital information that\u2019ll help to make a decision.<\/p>\n
The company finds its roots back in 1996 when technocrats and two brothers from Gujarat, Sadashiv K Shetty, and Raghuram K Shetty formed a company with the objective of providing innovative products to farmers to maximize their farm output.<\/p>\n
The Gujarat-based crop protection chemical manufacturer manufactures different types of pesticides including insecticides, fungicides, herbicides, and other pest control products. It is also one of the leading domestic producers of synthetic pyrethroids like cypermethrin, bifenthrin, deltamethrin, lambda-cyhalothrin, etc.<\/p>\n
The company exports its products to more than 60 countries around the world and has close to 50 percent of its revenue from exports.<\/p>\n
The initial public offer (IPO) of Hernaba Industries consists of a fresh issue of Rs.625 crore and the rest is an offer-for-sale. The company has set a price band of Rs626- Rs.627 per share.<\/p>\n
The same is set to open for subscription on February 23rd, Tuesday and will be available till February 25th, Thursday.<\/p>\n
The lot size for this IPO is 23 shares and in multiple thereafter.<\/p>\n
The book running lead managers to the issue are Emkay Global and Batlivala & Karani Securities while the registrar is Bigshare Services. However, the two merchant bankers involved herein with the issue have handled just one public issue in the past three years.<\/p>\n
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A quick glance at the financial performance of Heranba Industries over the last three years highlights significant growth. During this period, the total income of the company showed growth at a CAGR of 8.85%. Further, between 2018 and 2020, the profit after tax grew at a CAGR of 27.76%. Also, the company\u2019s total assets grew at a CAGR of 11.52%.<\/p>\n
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The company intends to use the proceeds from the share sale to fund working capital requirements and for general corporate purposes. Additionally, Heranba Industries expects to achieve the benefits of listing their Equity Shares on the Stock Exchanges and enhance the company\u2019s brand name and creation of a public market for their Equity Shares in India.<\/p>\n
The company also aims to use the net proceeds of fresh issue less the offer expense to fund expenditures towards general corporate purposes.<\/p>\n
Heranba Industries has a presence in a wide range of products across the entire value chain of synthetic pyrethroids.<\/p>\n
Heranba\u2019s top ten customers constituted not more than 22.03% and 20.85% of its sales for the six months period ended September 30, 2020, and for Fiscal 2020, respectively, both in the domestic and the international markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Taking a step forward, Gujarat-based Heranba Industries is all set to venture into the field of the stock market. Heranba Industries\u2019 Rs.625 crores initial public offering (IPO) will open for subscription next week on February 23 and close on February 25, 2021. In the year 2020, from June onwards, as IPOs have delivered one record-breakingContinue reading “Heranba Industries IPO Details – Date, Price & Overview”<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":1716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/1712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=1712"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/1712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/1716"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=1712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=1712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=1712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}