As we see that, this year the investors are seeing a lot of interest in the IPO section and along with the investors the companies also shows interest in the IPOs and now, one more company is in the queue to launch their company in the IPO market. The Heramba Industries Limited IPO jumps on the primary market this month and the IPO of this company is scheduled to launch on 23rd February 2021 and along with this, they revealed the closing date of the IPO which is on 25th February 2021. The company gives a total of 3 days for the investors to invest in the company, now, the main question is that what is IPO, so it stands for Initial Public Offers which means when a company brings some of its shares to the public and this is the first time when this company comes into this market.
Heranba IPO Review
The Heramba Industries Limited company plans to raise Rs. 625 crore through this IPO and with this money they fulfil the companies demand and ventures and the face value of each share for this IPO are Rs. 10 but the price band of the IPO is Rs. 626 to Rs. 627 per equity share. The market lot of the IPO is 23 shares which means that if you buy a lot then you have to spend at least Rs. 14,398 and the company have fresh issues of Rs. 60 crore and along with this, Rs. 90.15 lakh shares will be held for offering for sale.
After subscribing to this, the next procedure for shares to credit on the account is that the companies Gray Market Premium shares will be allotted to you on March 2, 2021, and on 3rd March 2021, you will be refunded if you are not allotted shares. For investors who get selected on the allotment list, then the shares will be credited on March 4, 2021, in their Demat account and after that, on 5th March 2021, it will be published on the stock exchange.
Talking about Heranba Industries limited is a manufacturing and marketing business and the company is situated in Gujarat, which manufactures pesticides to protect crops and the products which they manufacture synthetic pyrethroids such as Cyberpethrin, Alphaperpermethrin, Deltamethrin, Permethrin, Lambda Cyhalothrin, etc. The main aim of the company is to meet the working capital requirements with expenses for general corporate purposes and IPO expenses.
Advantages of Heramba Industries IPO:
Heramba Industries Limited has a large number of manufactured pyrethroids and one of the other benefits of membership of Heramba Industries IPO is that the firm has received registrations for more than 371 technical and formulations in 41 countries in the Middle East, CIS, Asia, South East Asia and Africa. Heramba Industries has more than 9400 Vendors and Distributors, supported by 21 stock terminals spread across 16 states and one Union Territory (UT) in India to cater to the needs of the market.
Heramba Industries IPO Risk
Products produced by Heramba generate hazardous waste. Therefore, if there is a change in the government’s policy for such an industry, the company will face a challenge. Heramba Company costs a lot of money in raw materials. Any expansion in costs and any fall in stock will adversely affect its trading and there are exceptional processes including the company, promoter and some directors that can negatively affect its business, monetary condition and results of operations. Stay tuned with us.
