Heranba IPO Live Subscription Status and Analyst Reviews

Live subscription status across each investor category and analyst recommendations
Heranba IPO Subscription

Heranba IPO Subscription Status: FINAL

Investor CategoryQuotaSubscription
Institutional (QIB)50%67.45x
Non-Insti. (HNI)15%271.15x
Retail (RII)35%11.84x
Total Subscription100%83.29x

Heranba Industries Limited, incorporated in 1996 , is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat. It manufactures Intermediates, Technicals and Formulations. It is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permitherin, lambda cyhalothrinetc.

Heranba IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x1.01x67.45x
HNI0.09x0.87x271.15x
Retail1.64x4.53x11.84x
Total0.85x2.74x83.29x

Heranba IPO: Analyst Recommendations

Anand Rathi – subscribe

” Considering the company’s dominant position in pyrethroids market, strong balance sheet, high RoNW of 30.47% as per FY20 financial statements, strong management and reasonable valuations; we give this IPO a ‘subscribe’ rating.”

GEOJIT – SUBSCRIBE

“At the upper price band of Rs.627, Heranba Industries is available at P/E of 18.9x (annualized basis on FY21E EPS of Rs.33.2) which is reasonable compared to its peers.”

SMC GLOBAL – SUBSCRIBE

“Looking at the P/B ratio at Rs 627 the stock is priced at P/B ratio of 6.42x on the pre issue book value of Rs.97.62 and on the post issue book value of Rs 126.85 the P/B comes out to 4.94x”

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Heranba IPO Subscription: Key IPO Details

TypeValue
Issue Size₹685.24 Cr
Issue Open23/02/2020 10:00 AM
Issue Close25/02/2020 05:00 PM
Face Value₹10/- per Equity Share
IPO Price₹626 – ₹627
Lot Size23 shares

Financials

201820192020 Mar2020 Sep
Revenue from Ops7,45.10 Cr1,004.44 Cr951.37 Cr618.34
Profit before Tax76.31 Cr122.12 Cr128.84 Cr90.08
Profit after Tax46.88 Cr75.40 Cr97.75 Cr66.31
EPS (Basic)1219.3125.0316.98

Price to Earnings Peer Comparison

Company2020 EPS*P/E^
Heranba25.0325.04
Punjab Chemicals8.7797.23
Bharat Rasayan371.0326.87
Sector P/E48.58
*Basic EPS 2020, ^P/E based on current prices

Heranba IPO Subscription – FAQs

1. How to apply for Heranba IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Heranba IPO in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP and DRHP

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