Heranba Industries is one of the leading agrochemical players in India, engaged in manufacturing, marketing and exporting of Intermediates, Technicals and Formulations which form part of the entire value chain of synthetic pyrethroids and other active ingredients in the agrochemicals business.
The company has a distribution network of over 9,400 dealers across 16 states and one union territory across India. The company also exports its products to more than 60 countries over the world. Operating in business verticals such as:
- Manufacturing and selling of Technicals in bulk to domestic companies.
- Exports of Technicals in bulk to customers outside India.
- Manufacturing and selling of Formulations under it’s brands and network in India.
- Export of Formulations in bulk outside India.
- Manufacturing and selling of general insect control chemicals.
| Financial Year Ended (₹ in Millions) | Revenue | Profit After Tax | EPS | EBITDA |
|---|---|---|---|---|
| March 2018 | 7,504.10 | 468.76 | 12.00 | 931.25 |
| March 2019 | 10,118.38 | 754.02 | 19.31 | 1,388.07 |
| March 2020 | 9,679.06 | 977.50 | 25.03 | 1,458.82 |
| For six months ended September 30, 2019 | 5,022.33 | 532.43 | 13.63 | 762.96 |
| For six months ended September 30, 2020 | 6,192.11 | 663.11 | 16.98 | 1001.44 |
The public offer comprises a fresh issue of equity shares worth Rs. 60 crores and offer for sale of around 90 lakhs shares valuing the issue at around Rs. 625 crores. For more information, you can refer to the IPO Prospectus filed by the company.
Indicative Timetable
| Event | Date |
|---|---|
| Issue Period | 23rd February 2021 - 25th February 2021 |
| Price Range | 626 - 627 |
| Minimum Bid Quantity | 23 and in multiples thereof |
| Finalisation of Allotment | 2nd March 2021 |
| Initiation of Refunds | 3rd March 2021 |
| Credit of Shares | 4th March 2021 |
| Listing | 5th March 2021 |
How do I apply to the Heranba Industries IPO?
You can apply for the Heranba Industries IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.