Incorporated in 1996, Heranba Industries Limited is a Gujarat-based crop protection chemical manufacturer. It is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, deltamethrin, lambda-cyhalothrin, etc. The company manufactures different types of pesticides including insecticides, fungicides, herbicides, and other pest control products.

Heranba Industries operates in different verticals including
1. Domestic sales of Technicals to companies,
2. Technicals exports,
3. Domestic sales of Branded formulations under its own brand name,
4. Formulations export,
5. Manufacturing and selling of insect control chemicals.

It has a strong network in the domestic as well as the overseas market. In India, it has 8600 dealers across 16 states and 1 union territory whereas, in the overseas market, it exports its products to more than 60 countries through international distribution partners.

The company has 3 well-equipped manufacturing units in Vapi, Gujarat with an aggregate manufacturing capacity of 14,024 MTPA. It further has an in-house R&D team at Unit I and II that are recognized by the Department of Scientific and Industrial Research (DSIR) and its new R&D facility at Unit III, Sarigam will become operational from December 2020.

Competitive Strengths:

• Range of product portfolio including Intermediates, Formulations, and Technicals.
• Domestic as well as global reach.
• Strong distribution network.
• Large customer base.
• Experienced promoters and management team.

Company Promoters:

• Sadashiv K. Shetty and Raghuram K. Shetty are the company promoters.
  
  

Company Financials

Particulars	For the year/period ended (Rs in Million)
Summary of financial Information (Restated)	30-Sept-  20	31-Mar-20	31-Mar-19	31-Mar- 18
Total Assets	7,881.20	6,247.63	5,604.43	4,504.65
Total Revenue	6,192.11	9,679.06	10,118.38	7,504.10
Profit After Tax	663.11	977.50	754.02	468.76

Objects of the Issue:

The IPO proceed will be utilized towards following purposes:

• To meet business working capital requirements.
• To meet general corporate purposes.
• To meet public issue expenses.

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