Published on Mar 04, 2023
Heranba Share Price in Grey Market : Heranba Industries shares made a strong debut on Friday, in an otherwise weak day for the secondary market, as the scrip got listed at Rs 900, a 43.54 per cent premium over its issue price of Rs 627.
Heranba is one of the leading domestic producers of pyrethroids with a 19.6 per cent market share. Pyrethroids accounted for 68 per cent of the company's revenues in FY20.
Heranba’s revenues have grown at a CAGR of 13 per cent from FY18-FY20, whereas its PAT has increased at a CAGR of 44 per cent. The company has recorded an average return on equity (ROE) and a return on capital employed (ROCE) of 31.3 per cent and 56 per cent, respectively, in the last three years.
Heranba recognizes the requirement for the highest level of support in product research, development and registration. We are constantly striving towards developing a cost effective process for manufacturing of Active Ingredients and Intermediates for Herbicides,, Insecticides & Fungicides and to develop new formulations of Crop protection products. The company has a state-of-the-art R&D center and a pilot plant Our Formulation Development Lab has been set up with Lab Scale equipments like: Bead Mill, Air Jet Mill, Extruders, Fluidized Bed Dryer and many more. The facility fulfils the requirement for Organic Synthesis as well as Formulation Development.
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 6,247.63 | 5,604.43 | 4,504.65 |
| Total Revenue (In ₹ Millions) | 9,679.06 | 10,118.38 | 7,504.10 |
| Profit After Tax (PAT) (In ₹ Millions) | 977.50 | 754.02 | 468.76 |
The Heranba Industries IPO market lot size is 23 shares which will cost Rs 14,421 at the upper band of the issue. A retail-individual investor can apply for up to 13 lots.
The IPO allotment of Heranba Industries will be fanalised on March 3. The shares of Heranba Industries will be credited to demat accounts on March 4.
The shares of Heranba Industries will be listed on NSE and BSE. The listing date is March 5.
Meanwhile, the grey market has given a thumbs up to the IPO of Heranba Industries. The GMP premium has surged to Rs 200-210 or 33 per cent.
Heranba Industries recorded revenues of Rs 967.90 crore and a profit after tax of Rs 97.75 crore in FY20. The company has three manufacturing plants and has over 9,400 dealers. It also exports to more than 60 countries.
