Heranba Industries Limited IPO- Febraury 23, 2021
Heranba Industries Ltd is the largest Agro Chemicals manufacturer in India. They offer a wide range of Technical, Intermediates, Formulations and Public Health products, where “Chemistry is at its best”. Their products are exported in more than 60 countries through international distributors, in India, it has 8600 dealers across 16 states and 1 union territory.
They have fully integrated and modern manufacturing facilities with an In-house R&D facility for product development and process intensification. They have a prime Industrial township in Gujarat “Vapi” which is at 180 kms from Mumbai. They have three independent manufacturing units in which two are involved in production of various Technical and Intermediates, and thirs plant is involved in Formulation and packing facility.
Points to note before investing in Heranba IPO-
Strong customer base
Strong product portfolio including intermediates, Formulations, and Technicals
Domestic and Global reach
Experienced promoters and management team
The company intends to develop new products at the R&D facility at Unit III (Sarigam Unit)
The company intends to enter the highly regulated markets of the US and Europe
The company intends to enhance and streamline production capacities and operation.
IPO Details
IPO Opening Date
| Feb 23, 2021
|
IPO Closing Date
| Feb 25, 2021
|
Issue Type
| Book Built Issue IPO
|
Face Value
| ₹10 per equity share
|
IPO Price
| ₹626 to ₹627 per equity share
|
Market Lot
| 23 Shares
|
Min Order Quantity
| 23 Shares
|
Listing At
| BSE, NSE
|
Allotment , Listing and Refunds detail
IPO Open Date
| Feb 23, 2021
|
IPO Close Date
| Feb 25, 2021
|
Basis of Allotment Date
| Mar 2, 2021
|
Initiation of Refunds
| Mar 3, 2021
|
Credit of Shares to Demat Account
| Mar 4, 2021
|
IPO Listing Date
| Mar 5, 2021
|
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