The IPO of Heranba Industries, an agrochemical company based in Gujarat, will open on February 23, and a price band of Rs.626-627 per share has been set by the company. On February 25, the issue closes. One of India's leading producers of synthetic pyrethroids is Heranba. After the Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft, Brookfield India REIT, Nureca, and RailTel Corporation of India, this will be the eighth IPO in 2021. The book-running lead managers for the problem are Emkay Global Financial Services and Batlivala & Karani Securities India. It is proposed that equity shares be listed on the BSE and NSE.
This method has been made simple for you by us. You can now conveniently apply for Heranba industries ltd IPO via our 2021 Portal IPOs. Tap here and submit 2x more easily. If you do not have a Demat account, you can get a Demat account with 0 account opening fees by clicking here.
Objective Behind Heranba IPO:-
The organization would use the net proceeds of the provisions for newly issued working capital and expenses for general corporate purposes.
On February 23 2021 the IPO of hernaba industries will open for bidding and on February 25 the issue will close.
The price band has been set at Rs 626-627 per share for the issue.
Heranba is a producer in India of synthetic pyrethroids and their intermediates. With a remarkable growth rate year after year, it has a large business network in India as well as in the world market. Based on specially developed technologies, Heranba produces advanced agrochemical solutions. In both Government Tenders and Pest control firms, public health goods are supplied. The company is a leading domestic manufacturer of synthetic pyrethroids such as cypermethrin, alphacypermethrin, deltamethrin, permisitherin, lambda-cyhalothrin. Furthermore, its goods are exported to more than 60 countries in Latin America, the CIS, the Middle East, Africa, Asia, and southeast Asia.
Chemical players receive special attention in the stock market, especially in the wake of the "Blue Sky" policy in China and the shutdown of several chemical plants. Late last year, Chemcon Specialty Chemicals IPO posted 115 percent gains, underlining the rising comfort of valuation for profitable companies. In the meantime, Heranba Industries has also shown a comparable increase in profitability, and the continued attention of the government on the agricultural sector is likely to be beneficial.
Heranba manufacture Intermediates, Technicals and Formulations which form part of the entire value chain of synthetic pyrethroids and other active ingredients in the agrochemicals business. By the FY 2001-2002, they forward integrated their operations to manufacture Technicals like Metametron, Cypermethrin, Alphacypermethrin, Permethrin, and Deltamethrin.
The company’s core strength lies in the R&D of Active Ingredients for creating new Formulations, preparing dossiers for national and international registrations of these new Formulations. Their in-house registration team is led by qualified personnel who facilitate the registration process in India with the CIB&RC and their dealers/customers in overseas jurisdictions, including some highly regulated markets like Europe enabling the manufacture and export of a range of Technicals and Formulations in the international markets.
Development of new products at the R&D facility at Unit III (Sarigam Unit):
In order to enter the highly regulated markets of the USA and Europe, the company has further enhanced its R&D facilities and capabilities by establishing a 2,000 sq. ft. R&D facility at Unit III (Sarigam Unit) which has become operational from October 2020.
Are you wandering here and there to find out what are the best stocks to buy in India for the short-term 2021? well, we got your back for that. With ...Read More
With reference to the SEBI circular dated 20th July 2020, Peak Margin has been introduced in the Equity, Commodity & Currency segment from 1st December 2020. W.e.f 1st June 2021, there ...Read More
The private placement of Tata Motors comes with a coupon of 9.10 percent. The private placement of Tata Motors Finance Ltd (TMFL) comes with a coupon of 9.10 percent. The private placement of ...Read More