There are some interesting IPOs scheduled to be launched in 2021. One such IPO is the Heranba Industries Limited IPO that is being launched on February 23, 2021(Live on Groww!). Here is all you need to know about the issue.
You can apply for Heranba IPO on Groww easily via UPI. Go to IPO. There you would be able to see the list of all open IPOs. Select Heranba IPO and click on ‘Apply’. You would be able to invest in this IPO from February 23, 2021.
|IPO Date||February 23, 2021 to February 25, 2021|
|Issue Type||Book Built Issue IPO|
|Issue Size||Equity Shares of Rs.10 totaling up to Rs.625.24 Crore|
|Fresh Issue||Equity Shares of Rs.10 totaling up to Rs.60 Crore|
|Offer for Sale||9,015,000 Equity Shares of Rs.10|
|Face Value||Rs.10 per equity share|
|IPO Price||Rs.626 to Rs.627 per equity share|
|Market Lot||23 shares|
|Min Order Quantity||23 shares|
|Listing At||BSE, NSE|
Heranba Industries Limited IPO Tentative Timetable
|Bid/Offer Launch date||February 23, 2021|
|Bid/Offer Last date||February 25, 2021|
|Basis of Allotment finalization date||March 02, 2021|
|Initiation of Refunds||March 03, 2021|
|Credit of Shares to Demat Acct||March 04, 2021|
|IPO Shares Listing Date||March 05, 2021|
About the company – Heranba Industries Limited
Heranba Industries Limited is a crop protection chemical manufacturer, exporter, and marketing company. It is into the manufacture of intermediaries, formulations, and technicals and is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permethrin, lambda cyhalothrin, etc.
It also offers a pesticides, herbicides, insecticides, fungicides, and public health products for pest control. Herbana’s business includes:
- The domestic institutional sales of technicals.
- Exports of technicals in bulk to customers outside India.
- Manufacturing and selling of Formulations under its brands through its distribution network in India.
- Exporting Formulations in bulk and customer-specific packing outside India.
- Manufacturing and selling general insect control chemicals by participating in public health tenders issued by governmental authorities and selling to pest management companies.
The company has an in-house R&D team for product development and improvisation which is well supported by its product registration team. Its R&D facilities at Unit I and Unit II are recognized by the Department of Scientific and Industrial Research, Ministry of Science & Technology, Government of India (DSIR).
Heranba also educates farmers regarding the benefits of using its products by conducting farmer training camps, participating in village-level programs and exhibitions to establish a direct relationship with farmer communities all over India. Some of its Branded Formulations sold to farmers in the domestic markets are :
- Progress Plus
- Alpha Shakti
- Glory 71
- Silicon Plus
- Rat Kill etc
Q1. What is the Heranba Industries Limited IPO?
The Heranba Industries Limited IPO is a Main Board IPO for the issue of equity shares having the face value of Rs.10 totaling up to Rs.625.24 crores. The registrar for the IPO is Bigshare Services Private Limited and the shares are proposed to be listed on the BSE and NSE.
Q2. What are the open and close dates of the Heranba IPO?
The Heranba Industries Ltd IPO opens on February 23, 2021, and closes on February 25, 2021.
Q3. What are the lot size and minimum order quantity of the Heranba Industries IPO?
The lot size of the Heranba Industries IPO is 23 shares. Also, the minimum order quantity is 23 shares.
Q4. What are the allotment and listing dates of the Heranba?
According to the RHP, the basis of allotment will be finalized by March 02, 2021. Further, investors can expect to receive the credits in their demat accounts by March 04, 2021.
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