2021-02-24 09:59:44
STOCK TIGERS VIEW ON HERANBA INDUSTRIES LTD.IPO Date: *Feb 23, 2021 – Feb 25, 2021*
Face Value: ₹10 per equity share
IPO Price: *₹626 to ₹627 per equity share*
Market Lot: *23 Shares*
Listing At: BSE, NSE
* COMPANY has one of the strongest return ratios in Industry and a healthy balance sheet,
* Heranba is one of the leading domestic producers of pyrethroids with a 19.6 per cent market share.
* The company also has a strong pending product pipeline in pyrethroids including formulations filed by partners in domestic, export markets. Apart from this, more than half of the global demand for Pyrethroids comes from China.
* The company's return ratios are superior to peers with ROE above 30 per cent, , high RoNW of 30.47%
* The company is in the process of developing two fungicides, two herbicides and one insecticide for exclusive sale in European markets, it said.
* The company’s listed peers are Rallis India, Sumitomo Chemical, Bharat Rasayan among others.
* strong client list
* The company exported its products to more than 60 countries
LOOKING AT VALUATIONS , PRODUCT, FINANCIALS AND CLIENT, WE STOCK TIGERS BELIEVE THIS STOVK COULD BE LONG TERM INVESTMENT STOCKSUBSCRIBE FOR LISTING GAINSUBSCRIBE FOR SHORT TERM TO LONG TERM TARGET OF 850,900 WITH 490 AS SLDisclaimer :- All information used from available public source, please consult ur financial advisor before making any buy/sell decisions
This is just a personal view and observation
431 viewsHitesh Yadav, 06:59
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