Heranba Industries IPO

SEBI has given a green signal to agrochemical company, Heranba Industries Ltd., to launch IPO shares worth Rs 625 cores. The equity shares will launch in the fixed price band of Rs 626-627. The bidding window will open on February 23 for two days until February 25, 2021. Investors must apply for a minimum lot size of 23 shares and increase their bid size upto 13 lots or maximum investment amount of Rs 187,473.

Heranba Industries IPO

Issuer

Heranba Industries

IPO Date : 23rd February 2021 - 25th February 2021
Price Band
₹626 to ₹627 per equity share

Issue Size
₹624.34 Cr - ₹625.24 Cr

Face Value
₹10 per equity share

Market Lot
23 Shares

Listing At
NSE,BSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

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Heranba Industries INFORMATION

Gujarat-based Heranba Industries Ltd. is a leading domestic player in the Indian agrochemical sector. The company produces synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, and more. Established in 1996, the firm has a long success record of providing innovative agrochemical products to farmers.

Heranba has three fully integrated modern manufacturing units in Vapi, Gujarat, with an in-house R&D facility, producing a range of crop protection and public health products. It covers the pan India market through a strong network of 8600 dealers and exports to 60 countries.

Competitive strength

  • Established track record, dated back in 1996
  • Well-diverse product portfolio including intermediates, formulations, and technical
  • Domestic and global market reach
  • Strong distributor network
  • Experienced management, with a strong understanding of the Indian agrochemical market

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Heranba Industries IPO FAQs

What is an IPO?

IPO or initial public offering is a process for private or government companies to list in the bourses and become publicly traded corporations. Companies launch their initial shares for general investors to raise capital funds and receive exchange listing benefits.

What is Heranba Industries IPO?

Heranba Industries Ltd. plans to make a maiden offer of Rs 625 crores at the fixed price band of Rs 626-627. The issue size contains fresh shares of Rs 60 crores and OFS of 90.15 lakh equity shares.

How to apply for Heranba Industries IPO through Angel One?

Investors can apply online using our web portal or mobile app.
  • Log in to user portal
  • select Heranba IPO from the dropdown
  • Enter the required details and payment option and submit
  • Open an Angel One Demat account in less than five minutes. Click here.

    When will Heranba Industries IPO open?

    The bidding window will open on February 23 and closes on February 25, 2021. Apply for Heranba Industries Ltd. IPO from Angel One. Open Demat. Click here.

    What is the minimum lot size of Heranba Industries IPO?

    The minimum bidding size is 23 shares. Investors can increase their bidding size in multiples of 23 thereafter up to 13 lots or 299 shares. The minimum amount for investors is Rs 14,421.

    How to apply for Heranba Industries IPO?

    Investors can apply through stockbroking firms like Angel One or net banking of their banks. All IPO application should be backed by ASBA or application supported by blocked amount, a self-authorisation that the investor gives to the bank to withhold the money in the applicant’s account

    When is Heranba Industries IPO allotment date?

    Heranba Industries IPO shares will get allotted on March 2, 2021.

    When is Heranba Industries IPO listing date?

    Heranba IPO shares will list in BSE and NSE stock exchanges on March 5, 2021.

    How to pay for Heranba Industries IPO using UPI?

    UPI is an online payment method using Unified Payment Interface. To pay using UPI, link your bank account to a UPI payment portal like Google Pay or BHIM. While paying for Heranba IPO bid, you will receive a payment mandate on your UPI handle. Upon approval of the mandate, the amount will get deducted from your account towards the IPO issue.

    How will I receive the Heranba Industries IPOs?

    Once allotted, the IPO shares will get credited to investor’s Demat account. Open a Demat account with Angel One

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