Heranba IPO Reviews, Dates, Price Band, Market Lot & Financial Details.

Heranba IPO has been announced and is opening on 23 February 2021. Heranba Industries Limited manufactures pesticides, insecticides, fungicides, and other used chemicals for farming. They have a production unit at Vapi in Gujarat and also have a homegrown in-house R&D unit. They are coming up with an IPO of ₹625 Crore and having a 35% stake of the total for retail investors. Check out more details of the IPO given below.

Heranba Industries IPO Dates & Price Band:

Open Date23rd February 2021
Close Date25th February 2021
Total Size of IPO₹625 Crore
Face Value₹10 
Price Band₹626 to ₹627 Per Share 
Listing on BSE & NSE
Retail Investor’s Portion 35%

Heranba Industries IPO Market Lot:

ApplicationLotSharesCut Off Amount
Minimum (RII)123₹14421
Maximum (HNI)13299₹187473

Heranba Industries IPO Allotment & Listing Dates:

Allotment Date for Heranba Industries – 2nd March 2021
Refund Date for Heranba Industries – 3rd March 2021
Credit of Shares to Demat Account – 4th March 2021
Listing Date for Heranba Industries – 5th March 2021

Applying Heranba Industries IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully.  You have to submit your filled form to the bank or broker.

Objectives of Issue:

  • To meet business working capital necessities.
  • To meet general corporate purposes.
  • To meet public issue costs.

Financials of Heranba IPO:

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)Net Income (₹ in Cr.)
201875067447.0
2019101289075.6
202096883997.4

Our Teams Perspective:

Overall valuation and financials of the company are looking attractive. It would be a good play for the long term.
NOTE: Consult your financial advisor before applying for IPO.

Heranba Industries IPO FAQs:

When will Heranba Industries IPO open for Investors?

Heranba IPO will open on the 23rd February and will close on the 25th February.

What is Heranba IPO Retail Portion?

The portion allocated for retail investors in Heranba IPO is 35%.

What is Heranba Industries IPO Lot Size?

Lot Size for Heranba IPO is ₹625 Crore.

What is the cutoff price for Heranba IPO?

The cutoff price for Heranba IPO is ₹627.

What is the Heranba Industries Price band?

Heranba IPO Price band is ₹626 to ₹627.

How to apply for Heranba Industries IPO?

You can apply Heranba IPO in 3 ways:
1. Open a Demat account through a bank or brokerage firm and apply through it.
2. Apply via the ASBA application online through your bank.
3. Fill up the offline IPO form and submit it to the bank or broker.

What is the allotment date for Heranba IPO?

2 March 2021 is the allotment date for Heranba IPO.

What is the listing date for Heranba Industries IPO?

5 March 2021 is the listing date for Heranba IPO. It will be listed on NSE and BSE.

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