Heranba Industries GMP and Review
Heranba Industries Limited incorporated in 1996 based in Gujarat.
The Promoter of this company is Sadashiv K. Shetty and Raghuram K. Shetty.
Registered office of the Company at Plot No. 1504/1505/1506/1 GIDC, Phase-III,
Vapi, Valsad–396 195, Gujarat, India.
RoC / Registrar of Companies
Registrar of Companies, Gujarat, Dadra and Nagar Haveli, situated at Ahmedabad.
Sadashiv K. Shetty,
Raghuram K. Shetty,
SAMS Industries Limited,
Babu K. Shetty and
Vittala K. Bhandary
Offer for Sale
The offer for sale of up to 90,15,000 Equity Shares comprising upto 58,50,000 Equity Shares offered by Mr. Sadashiv K Shetty, up to 22,72,038 Equity Shares offered by Mr. Raghuram K Shetty, up to 8,12,962 Equity shares offered by SAMS Industries Limited, up to 40,000 equity shares offered by Mr. Babu K. Shetty and up to 40,000 Equity Shares offered by Mr. Vittala K. Bhandary in the Offer for Sale at the Offer Price aggregating up to ₹[●] million in the Offer.Offer Price The final price
The company is a manufacturer of crop protection chemicals.
Aim of the Issue
Company is going to use the fund raised through IPO in funding of working capital to the extent of 500 millions ₹.
They are leading producers of synthetic pyrethroids like cypermethrin, deltamethrin,lambda-cyhalothrin, etc. The company manufactures different pesticides including insecticides, fungicides, herbicides, and other pest control products. They have their manufacturing unit in Vapi, Gujarat with capacity of 14,024 MTPA. They have their own in-house R&D Unit as well.
The lead manager to the issue is Emkay Global Financial Services Limited, Batlivala & Karani Securities India Private Limited and the Registrar to this issue is Bigshare Services Private Limited.
Heranba Industries IPO Date
The opening and the closing date of HIL IPO is Feb 23, 2021 and Feb 25, 2021.
Check out Heranba Industries IPO date, price band and market lot details.
Equity Shares outstanding prior to the Issue = 3,90,56,530 Shares
Fresh Issue of 10,00,000 Shares @600/- = Rs.60.00 Crores
Offer for Sale of 90,15,000 Shares @600/- = Rs.540.90 Crores
Equity Shares outstanding after the Issue = 4,00,56,530 Shares
Category-wise Break up:
Anchor: 30,04,500 Shares = 180.27 Crores
QIB: 20,03,000 Shares = 120.18 Crores
NII: 15,02,250 Shares = 90.14 Crores
RII: 35,05,250 Shares = 210.32 Crores (Lot size: 25 = 1,40,210 Forms)
Total Issue: 100,15,000 Shares = 600.90 Crores.
Issue Size = 25% of Post Issue Equity
Subscription required for 1X
RII: 1,40,210 Forms
NII: 90.14 Crores
Present Listed Pear Group Companies:
Sumitomo Chemical India
Heranba Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares under the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders under the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
IPO Allotment and ASBA FAQs
There are various queries among investors regarding IPOs. We are addressing a few of them. You should read these before applying in any type of IPO.
1. What does IPO Allotment mean ?
Registrar adopt a lottery system of an IPO here, to allocate the company’s shares to the investors who applied for the same. Owners of shares are determined by this very lottery system and the process generally goes on from 5-7 days.
2. What is the meaning of ASBA?
ASBA is bank account maintained with an SCSB by an ASBA bidder as specified in the ASBA form, which is blocked by such SCSB or the account of the RIB blocked upon acceptance of UPI Mandate Request made by RIBs using the UPI Mechanism to the extent of the Bid Amount in relation to a Bid by an ASBA Bidder.
ASBA – Application Supported by Blocked Amount.
3. How to complete an IPO Allotment?
After the one week of allotment process, where the registrar decides the owners of the shares, it lists the stocks on the stock exchange. The 7 days long process takes the company’s shares to the exchanges post a successful bidding process.
4. What is the IPO Allotment date?
This is the date when the IPO allotment is open to the public for transactions. You can find the details of the allotment on the official website of the registrar of the particular IPO. It shows the owners or stock and requires a week to implement the allotment process.
5. What is listing date of an IPO?
It refers the listing date to the day when the new IPO hits the stock exchanges for the first time. It is on the listing date, that the shares of the company which released IPO, available on the public exchanges i.e. NSE and BSE. This is when the stock trading begins in the exchange.
6. What is the refund initiation process of an IPO?
When investors in an IPO, the amount made for application is blocked from their account. It blocks the amount till the time it discloses the allotment status. As soon as the registrar complete allotment, they process the refund of application amount received.
7. How to check IPO Allotment?
To check the IPO allotment status, you need to visit the registrar of the company’s official website. You need to provide the details as asked in the allotment status section of the website i.e. select the IPO, enter PAN number and DP client ID. This will provide you with the IPO allotment information.
8. Who is a registrar in an IPO?
They are an important part of the IPO issues, and it registers them financial institutions. They registration is get from two authorities, i.e. SEBI and also stock exchanges. The company chooses their registrar as per their own terms and conditions.
9. Who are eligible Eligible NRIs to invest in IPO?
A non-resident Indian, resident in a jurisdiction outside India where it is not unlawful to make an offer or invitation under the Offer and in relation to whom the Red Herring Prospectus makes up an invitation to subscribe for the Equity Share
10. What is grey market premium (GMP) for hiranba industries limited?
Grey market premium for hiranba industries is double in a week and GMP of hiranba industries is currently trading at Rs 260. This is 41 percent premium over the issue price of Rs 626-627.
Open your demat acccount with samco securities in 5 minutes
Know how to get 100% IPO Allotment Guarantee!
What are the Best Index Funds to invest in 2021