The eighth IPO of 2021, after IRFC, Indigo Paints, Brookfield REIT IPO, RailTel, and Nureca, opens on February 23 for Rs 625 crores. For interested investors, the Heranba Industries IPO bidding window will remain open for two days until February 25.
The company is an agrochemical company started in the year 1996.
Heranba Industries Ltd. is a leader in the sector based in Gujarat. The company produces a range of products under crop protection and public healthcare categories and a leading domestic producer of synthetic pyrethroids varieties. It has three manufacturing units and an internal R&D unit in Vapi, where it produces intermediates, technical, and formulations.
Heranba enjoys pan India market through a strong network of 8,600 distributors and exports its products to more than 60 countries globally. In the quarter ending in September 2020, the company recorded a PTA of Rs 663.11 millions.
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