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Heranba share price: Heranba shares list at 44% premium over issue price

NEW DELHI: 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.
It climbed 30 per cent over the issue price to Rs 812.25 on the first day of trading. However, the stock closed about 10 per cent lower than the listing price.
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.
The Rs 625 crore IPO, shares under which were sold from February 23 to February 25, was subscribed 83.29 times, with the quota for qualified institutional investors getting 67.45 times subscription, and the retail quota attracting 11.84 times subscription. The HNI quota was subscribed a whopping 271.15 times.

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Heranba IPO allotment status: Heranba Industries IPO share allotment status: Here's how to check it

The Rs 625 crore issue was subscribed 83.29 times, with the quota for qualified institutional investors seeing bids for 67.45 times the quota limit and the retail quota 11.84 times the limit. The HNI quota saw 271.15 times subscription.

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Heranba Industries will finalise the share allotment of its Rs 625-crore initial public offer (IPO) on Tuesday. The IPO, which was open for bidding for three days from February 23 to 25. Heranba Industries is Gujarat-based crop protection chemicals manufacturer.

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Heranba IPO: Heranba IPO closes today; should you subscribe to it?

NEW DELHI: Heranba Industries' Rs 625 crore IPO was subscribed a staggering 83.3 times of its issue size on the final day of the bidding process.
By 5:00 pm, the issue had received bids for 58,15,01,663 shares as against the total issue size of 69,81,417 shares.
The subscription was led qualified institutional buyers, whose alloted shares were subscribed 67.4 times at the close of the bidding process. The initial public offer also saw good interest from retail investors as their quota was subscribed 11.84 times.
As Prabhudas Lilladher noted, the IPO is a proxy play on the Indian agrochemical growth story.
Peer Rallis India trades at 16.3 times FY23 EPS of Rs 16.10 while Astec Lifesciences trades at 18.7 times FY23 consensus EPS of Rs 56.4. At the price band of Rs 626-627, Heranba is seeking valuations of 17.5 times FY23 EPS of Rs 35.80, which is the median valuation of comparable peers, Prabhudas Lilladher said.

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Rs 625 crore Heranba IPO gets fully subscribed on Day 2

The IPO of the Gujarat-based crop protection chemicals manufacturer is being offered at 22.67 times its trailing 12-month earnings per share (EPS).

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Heranba IPO: Heranba IPO subscribed 13% in first 30 minutes of bidding

The IPO of the Gujarat-based crop protection chemicals manufacturer is at 22.67 times its trailing 12-month earnings per share (EPS).

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Heranba Industries IPO is off to a decent start — Here's why investment experts and retail investors are excited

The ₹525 crore initial public offering (IPO) of agrochemical company Heranba Industries opened today.The company has fixed a price band of ₹626-627 per share,

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Heranba IPO opens on Tuesday; group entity default only negative

The IPO of the crop protection chemicals manufacturer is being offered at 22.67 times its trailing 12-month earnings per share (EPS)

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Heranba IPO: Grey market suggests Heranba IPO might do a Chemcon or Rossari Biotech

NEW DELHI: As the bears tighten their grip on the broader market, Dalal Street is warming up for another primary offering; that of Heranba Industries.
The grey market has given a thumbs up to the issue, with the premium in the unofficial market surging to Rs 200-210, which translates into one-third, or 33 per cent, of the IPO price band at Rs 626-627.
The primary market has remained jubilant in the past few months, as new-age investors are lapping up almost every issue, trying to make a quick buck. And the grey market has been celebrating the same.
Heranba Industries, a Gujarat-based crop protection chemicals manufacturer, is likely to sweep up Rs 625 crore via its initial public offering. The IPO will open for subscription on Tuesday, February 23, and close on Thursday, February 25.

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