Tag: Heranba Industries IPO review

  • Heranba Industries IPO to open on Feb 23: Here’s value band, lot measurement and extra

    The Rs 625 crore preliminary public providing (IPO) of agrichemicals producer Heranba Industries will open on Tuesday, February 23, 2021, and will likely be out there for subscription until Thursday, February 25, 2021. The value band of the IPO has been fastened at Rs 626-627 per share of the face worth of Rs 10 every.
    Heranba Industries is a Gujarat-based crop safety chemical compounds producer. It manufactures various kinds of pesticides together with pesticides, herbicides, fungicides, and plant progress merchandise. Upon its itemizing, it would be a part of the Bharat Rasayan, Rallis India, Dhanuka Agritech, Punjab Chemicals and Crop Protection and so forth.
    The IPO contains a proposal on the market (OFS) of as much as 90.15 lakh (90,15,000) fairness shares, as per the data given within the purple herring prospectus. The firm may elevate as much as Rs 625 crore.

    Investors who want to subscribe to Heranba Industries’ IPO can bid within the lot of 23 fairness shares and multiples thereof. At the higher value band, they should shell out Rs 14,421 to get a single lot of Heranba. The shares will likely be listed on each BSE and the National Stock Exchange (NSE).
    The web proceeds from the difficulty will likely be utilised to finance the corporate’s working capital necessities and basic company functions, the purple herring prospectus stated.
    Ahead of the general public provide, the anchor buyers’ portion will likely be out there on Monday, February 22, 2021.
    Emkay Global Financial Services and Batlivala & Karani Securities India are the guide working lead managers to the IPO whereas Bigshare Services is the registrar of the difficulty.
    In the monetary yr 2019-20, Heranba Industries had a income of practically Rs 967.91 crore (Rs 9,67,90,60,000) and a revenue after tax of round Rs 97.75 crore (Rs 97,74,90,000), information from the prospectus confirmed.

    The firm exports its merchandise to greater than 60 international locations on the earth.

  • Heranba Industries IPO to open subsequent week: Check worth band, measurement and extra

    Image Source : HERANBA INDUSTRIES WEBSITE HERANBA.CO.IN Heranba Industries IPO to open subsequent week: Check worth band, measurement and extra 
    The IPO of agrochemical agency Heranba Industries will open for subscription subsequent week. Heranba Industries is a Gujarat-based agrochemical firm.
    The firm goals to lift Rs 625 crore from capital markets by the problem which might be a mixture of an Offer for Sale (OFS)  by current shareholders and a recent difficulty of fairness shares.
    Heranba Industries will be a part of friends comparable to Rallis India, Dhanuka Agritech, Sumitomo Chemical India, and PI Industries, amongst others on the inventory exchanges.
    The difficulty will open for subscription on February 23. It will shut on February 25.

    Investors can bid for the problem within the worth band of Rs 626-627 per share. Quite a bit will comprise 23 fairness shares and price Rs 14,421. 
    The firm has reserved 50 per cent of the problem for Qualified Institutional Buyers (QIB), 15 per cent for Non-Institutional Investors (NII) and the remaining 35% is for retail buyers. 
    Heranba Industries had filed its preliminary papers with SEBI in September final 12 months. It obtained the regulator’s commentary on November 27, an replace by the capital markets watchdog confirmed on Tuesday. SEBI’s commentary may be very crucial for any firm to launch public points like preliminary public provide, follow-on public presents and rights difficulty.
    The firm is engaged within the enterprise of producing and advertising and marketing a variety of agrochemicals. Proceeds of the recent difficulty might be used to fund working capital necessities, expenditures in the direction of common company functions, and meet public difficulty bills. Equity shares of the corporate might be listed on the BSE and the NSE.
    Latest Business News