Heranba Industries Ltd, is a Gujarat-based company and leading crop protection agro-chemical manufacturer. The company manufactures different types of pesticides including insecticides, herbicides, fungicides and other pest control products. Company has a strong network in the domestic as well as in the overseas market. It exports its products to more than 60 countries through international distribution partners. Company is raising Rs 625 crore through this IPO to finance the company’s working capital requirements and general corporate purposes.
| Promoter | Mr. Sadashiv K Shetty & Mr. Raghuram K Shetty |
| IPO opens on | Feb 23, 2021 |
| IPO ends on | Feb 25, 2021 |
| Share Listing date | March 03, 2021 |
| IPO Price | ₹627 per share |
| Market Lot Size | 23 shares |
| Max lots per retail investor | 13 lots |
Compnay valuation
It is small cap company and post IPO market cap is approx. Rs 2500 Cr. at the upper band of IPO price and their total sale is approx Rs.600 Cr in half years 2020-21. The market cap to sale ratio is approx. 2. This ratio is fairly good considering the growth of the company. Subscriber can expect an upside of 25% to 50% after listing.
