Heranba Industries IPO Date, Price, GMP, Review, Details

Heranba Industries IPO

Heranba Industries IPO subscription open date is 23 Feb 2021 and the close date is 25 Feb 2021. Investors can buy a minimum lot of 23 Shares with a Price Band of Rs. 626 – 627 Rs. Per Equity Share.

Heranba Industries IPO will be subscribed with a premium of Rs 617 per equity share & the issue price is 61.7 times of the face value.

On the Last Day of Heranba Industries, IPO Gets oversubscribed by 83.29 times. QIB segment – 67.45 times, NII segment – 271.15 times, Retail segment – 11.84 times.

Heranba Industries IPO Allotment Status

Investors can Check their Heranba Industries IPO Allotment Status on Registrar’s website.

You can Check Heranba Industries IPO Allotment Status On BSE Website.

Heranba Industries IPO Details

Open Date23 February 2021
Close Date25 February 2021
Allotment Date02 March 2021
Listing Date05 March 2021
Minimum Quantity (Market Lot)23 Shares
Share Price626 – 627 Rs. Per Equity Share
Face Value10 Rs. Per Equity Share
One Market Lot Price1,87,473 Rs.
DRHPClick To View
RHPClick To View

Heranba Industries IPO Dates

Open Date23 February 2021
Close Date25 February 2021
Allotment Finalisation02 March 2021
Refund (From ASBA Account)03 March 2021
Share Transfer To Demat Account04 March 2021
Listing Date05 March 2021

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Heranba Industries IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum12314,421
Maximum132991,87,473

Heranba Industries IPO Objectives

ParticularsAmount(₹ in million)
To fund working capital requirements500.00
General corporate purposes[●]
Net Proceeds[●]

Heranba Industries IPO Subscription Status

DateQIB (x)NII (x)Retail (x)Total (x)
23 February 20210.000.091.640.84
24 February 20211.010.854.402.67
25 February 202167.45271.1511.8483.29

View Live Subscription status of all IPO Here.

Heranba Industries IPO GMP

DateGMPKostakSauda
13-Feb-2021N/AN/AN/A

View Detailed and Latest grey market Premium of all IPO Here.

Heranba Industries IPO Listing Gains

IPO Listing Day DetailsNSEBSE
IPO Listing Date05 March 202105 March 2021
IPO Cutoff Price627 Rs.627 Rs.
IPO Listing Price
Listing Gains / Per Equity Shares
Listing Gains (%)
Closing Price
Day High
Day Low
Upper Circuit
Lower Circuit
Total Shares Traded

Heranba Industries IPO Share

IPO Issue Size[●] Shares
Fresh Issue[●] Shares
Offer For Sale9,015,000 Shares
Exchange ListingNSE, BSE

Heranba Industries Balance sheet

Date30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets 7,881.206,247.635,604.434,504.65
Total Income6,192.119,679.0610,118.387,504.10
Total Expense5,291.308,390.638,897.186,741.03
Profit After tax (PAT)663.11977.50754.02468.76

As At / For the year or period ended (Amount In Rs.) (Rs. in Million)

Heranba Industries Company Details

Company sectorAgro Chemical Indusries
Promoters NameSadashiv K. Shetty and Raghuram K. Shetty
Promoter Shareholding Pattern (Pre Issue)98.1%
Promoter Shareholding Pattern (Post Issue)74.1%

Heranba Industries Business Overview

Heranba Industries is a crop protection chemical manufacturer, exporter and marketing company based In Vapi, Gujarat. It manufactures Intermediates, Technicals and Formulations. It is one of the leading domestic producers of synthetic pyrethroids. Heranba Pesticides range includes insecticides, herbicides, fungicides and public health products for pest control. Heranba Industries business verticals include

  • Domestic Institutional sales of Technicals: manufacturing and selling of Technicals in bulk to domestic companies
  • Technicals Exports: Exports of Technicals in bulk to customers outside India
  • Branded Formulations: Manufacturing and selling of Formulations under our own brands through our own distribution network in India
  • Formulations Exports: Export of Formulations in bulk and customer-specified packaging outside India
  • Public Health: Manufacturing & selling of general insect control chemicals by participating in public health tenders issued by governmental authorities and selling to pest management companies.

Heranba Industries started manufacturing activity in the year 1996 with the production of an Intermediate product CMAC. By the end of the FY 2004-2005, Heranba Industries further expanded the product range of Formulations, which are final products sold to farmers as Pesticides, Herbicides, Fungicides for crop protection and into public health products in the FY 2010-11.


Its manufacturing process mainly includes chemical reactions of ammonolysis, esterification, hydrolysis, condensation,
favorski reaction, isomerisation, cyanation, friedel crafts, methoxylation, cyclisation and halogenation. Heranba Industries have our in-house R&D team for product development and improvisation which is well supported by our product registration team.

Heranba Industries IPO FAQs

What is Heranba IPO ?

Heranba Industries Limited IPO is a main-board IPO of [●] equity shares of the face value of Rs 10 aggregating up to Rs 625.24 Crores. The issue price is Rs 626 to Rs 627 per equity share.

The Heranba Industries IPO minimum order quantity is 23 Shares. The IPO opens on Tuesday, 23 February 2021 and closes on Thursday, 25 February 2021.

Heranba Industries Limited IPO will be subscribed with a premium of Rs 617 per equity share & the issue price is 61.7 times the face value.

Bigshare is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

What is Heranba IPO opening and closing date ?

Heranba Industries IPO open date is Tuesday, 23 February 2021 and the close date is Thursday, 25 February 2021.

What is the price of Heranba IPO ?

Price of Heranba Industries IPO is Rs. 626 – 627 Per Equity Share.
Price of one lot of Heranba Industries Limited IPO is Rs. 14,421.
Investors can buy a minimum lot of 23 Shares with a Price Band of Rs. 627 Per Equity Share which will cost Rs 14,421 for one lot.

What is Heranba IPO GMP price today ?

Heranba Industries IPO GMP Price Today on Thrusday, 25 Februray 2021 is Rs 130 – Rs 140 Per Equity share.

What is Heranba IPO Subscription Status ?

On the last day of Heranba Industries IPO Subscription, IPO Gets Oversubscribed by 83.29 times.
QIB Segment – 67.45 times
NII Segment – 271.15 times
Retail Segment – 11.84 times

What is the Date Of Heranba IPO Allotment Status ?

Date Of Heranba Industries IPO Allotment Status is Tuesday, 02 March 2021.

Where can I check Heranba IPO Allotment Status ?

You can Check Heranba Industries IPO Allotment Status on Registrar’s website.
You can also Check Heranba Industries Limited IPO Allotment Status on BSE Website.

What is the Date Of Heranba IPO Listing ?

Heranba Industries IPO listing date is on Friday, 05 March 2021.

What is Heranba IPO Listing Price ?

Heranba Industries IPO Listing Gains of Rs • per equity share, at •% premium, IPO is listed at Rs • on NSE, while IPO gets listed at Rs • on BSE with Listing Gains of Rs • per equity share, at •% premium on BSE.

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