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Tag: heranba industries ltd

  • Heranba Industries makes a powerful debut in inventory markets, lists at 43.5% premium over difficulty value

    Shares of agrichemicals maker Heranba Industries made a powerful debut on the BSE and National Stock Exchange (NSE) right now itemizing at a premium of 43.54 per cent in opposition to their difficulty value.
    The scrip initially acquired listed at Rs 900 apiece on each the BSE and NSE, thereby registering an increase of 43.54 per cent from its supply value of Rs 627. It shortly climbed to Rs 944.95 on the BSE and 945.00 inside a couple of minutes of its debut however misplaced the momentum quickly after and slipped under the itemizing value. So far within the day, the inventory has hit a low of Rs 805.20 on the BSE and Rs 806.30 but it surely nonetheless continues to commerce above its difficulty value.
    Over 1.08 crore shares of Heranba Industries have been traded on the NSE throughout the first hour of commerce, whereas over 11.53 lakh shares exchanged fingers on the BSE, information from the respective inventory exchanges confirmed.

    The Rs 625 crore IPO of Heranba Industries was met with a sturdy demand throughout its supply interval from February 23-25. The difficulty was oversubscribed by 83.29 occasions. The Gujarat-based crop safety chemical compounds producer noticed 67.45 occasions subscription from the certified institutional consumers (QIBs), whereas the non institutional traders subscribed it a whopping 271.15 occasions and retail particular person traders (RIIs) subscribed to the supply 11.84 occasions, information from NSE confirmed.

    The internet proceeds from the problem might be utilised to finance the corporate’s working capital necessities and normal company functions, the crimson herring prospectus stated.

  • Heranba Industries IPO subscribed over 84% on the primary day: Everything it’s essential to know

    The preliminary public providing (IPO) of agrichemicals producer Heranba Industries opened for subscription earlier at this time. So far, the problem was subscribed 84.18 per cent by the top of the primary day of bidding.
    It obtained a requirement for 58,76,845 shares throughout each the inventory exchanges in opposition to 69,81,417 shares on supply, information from NSE confirmed.
    Heranba Industries might be obtainable for subscription until Thursday, February 25, 2021, and the worth band of the Gujarat-based crop safety chemical substances producer has been mounted at Rs 626-627 per share. The public challenge is predicted to fetch as much as Rs 625 crore.

    Investors who want to subscribe to Heranba Industries IPO can bid in quite a lot of 23 fairness shares and multiples thereafter. At the higher value band, they are going to be shelling out Rs 14,421 to get a single lot of Heranba Industries. The shares might be listed on each BSE in addition to the National Stock Exchange (NSE).
    All candidates of Heranba Industries IPO additionally should notice that the cut-off time for UPI mandate affirmation is Friday, February 26, 2021, upto 12:00 pm. If they fail to take action then their software will not be thought of.
    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 crimson herring prospectus. The internet proceeds from the problem might be utilised to finance the corporate’s working capital necessities and normal company functions, the crimson herring prospectus mentioned.
    Prior to the general public supply, the anchor buyers’ portion was open for subscription on Monday the place Heranba Industries raised Rs 187.51 crore from 18 anchor buyers, information from the inventory exchanges confirmed.
    Emkay Global Financial Services and Batlivala & Karani Securities India are the e-book working lead managers to the IPO whereas Bigshare Services is the registrar of the problem.
    Geojit Financial Services and Anand Rathi Share and Stock Brokers of their respective analysis notes have all really helpful “Subscribe” to the supply.
    Geojit Financial Services in its IPO notice mentioned, “At the upper price band of Rs 627, HIL is available at P/E of 18.9x (annualized basis on FY21E EPS of Rs 33.2) which is reasonable compared to its peers. We assign a “Subscribe” ranking for the problem on a long-term foundation contemplating the sturdy distribution community, rising export alternative with wholesome margins and profitability.”

    Anand Rathi Share and Stock Brokers in its analysis report famous that “At the upper end of the IPO price band, it is offered at 22.67x its TTM EPS earnings, with a market cap of Rs 2,509 crores. Considering the company’s dominant position in pyrethroids market, strong balance sheet, high RoNW of 30.47 per cent as per FY20 financial statements, strong management and reasonable valuations; we give this IPO a “Subscribe” ranking.”

  • 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.