1 / 5

Heranba Industries Ltd

Heranba industries ltd ipo came up from 23rd February to 25th February 2021 and it was listed on the stock exchange on 5th March 2021. The issue price of Heranba Industries Ltd IPO was Rs. 627 per equity share and Heranba Industries IPO allotment date was fixed on March 2, 2021.Heranba Industries, founded in 1994 is one of the prominent players in the agrochemical industry. Agriculture is the most primitive means of living that laid the foundation of civilization which eventually introduced the concept of a better standard of living which paved the path for the agricultural revolution.

Anubhav4
Download Presentation

Heranba Industries Ltd

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Heranba Industries Ltd: Is It A MultibaggerStock In Agrochemical Industry? As one of the leading players in the agrochemical industry, Heranba Industries was founded in 1994. Agricultural revolution is the result of the introduction of the concept of a better standard of living through the most primitive means of living, agriculture. With the rise of agriculture, the agrochemical industry also grew. Heranba Industries offers innovative agrochemical products to farmers, maximizing their farm productivity. As a manufacturer, exporter, and marketing company, Heranba Industries specializes in manufacturing, exporting, and supplying a wide range of products including public health, insecticides, technical, and fungicides. Heranba Industries Limited is based in Vapi, Gujarat.

  2. Heranba IPO details Heranba listed on the stock exchange on 5th March 2021 after its IPO between 23rd and 25th February 2021. It was determined that Heranba Industries Ltd's IPO allotment date would be March 2, 2021 and the issue price would be Rs. 627 per equity share. • Heranba Industries Ltd IPO Opening date: Feb 23, 2021 • Heranba Industries Ltd IPO Closing date: Feb 25, 2021 • Issue Type: Book Built Issue • Face Value:Rs.10 per equity share • IPO Price:Rs.626 to Rs.627 per equity share • Market Lot:23 shares • Minimum Order Quantity: 23 shares • Listing Place:BSE, NSE

  3. Objectives and Response to the Heranba Industries ltd ipo Objectives • As a result of the business's need for working capital. • Providing the company with working capital. • In order to meet the general corporate objectives of the company. Response to the Heranba Industries ltd ipo • As the Rs 625 crore Heranba IPO was subscribed 83.3 times on the final day of the issue, the company's IPO had an excellent response from the public. • Qualified institutional buyers led the subscription spree of the Heranba Industries Ltd. IPO, which was subscribed 67.4 times on its closing day. The last day of the IPO was also very successful for retail investors, whose allocation was subscribed 11.84 times.

  4. Financial Analysis of Heranba Industries Compared to its five-year and three-year averages, Heranba Industries Ltd's sales are increasing in the financial year ending March 2022. For the year ending 2022, the company's profit will also be on the rise, compared to its three and five year averages. This indicator is one you should keep in mind before selecting stocks for a long period of time. When a company has lower debt, it's in a better financial position and is likely to grow in the future, but it doesn't guarantee that the stock will become a multi-bagger. You can still learn how to find multibagger stocks by analyzing multiple factors of a stock. Heranba Industries' return on equity has declined in the last three years, but it has grown considerably in the year ending March 2022.

  5. Future Prospects of Heranba Ltd. The company has shown tremendous growth since the slump of Covid-19, though the profit growth is yet to surpass the pre-covid levels. As a result of historical trends, Heranba stock has an intrinsic share price of Rs.674.42 while its current share price is around Rs.520. Heranba stock has a PE ratio of 11.70, which is below the industry PE of 29.64, meaning that it is currently undervalued and will give multibagger returns in the future. Get to know about other multibagger stocks of 2022 However, the growth of the company majorly depends on the future demand of the industry. According to IMARC Group, the Indian pesticides market is expected to reach INR 320 billion by, 2027. Heranba's average revenue for the last 3 years has been Rs. 1,221.1 Cr, and its revenue for the year ending 2022 has been Rs. 1,469.7 Cr, which shows that the company's sales have been on the rise. Sellers are currently holding onto Heranba Ltd because it is undervalued and has good future prospects, while its share price is expected to rise in the future.

More Related