Heranba Industries IPO - Investment Rationale: Anand Rathi  
Insecticide is sprayed from the back of a farmer’s truck onto the roadside soil where locusts have hatched and started hopping. (Photographer: Carla Gottgens/Bloomberg)

Heranba Industries IPO - Investment Rationale: Anand Rathi  


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

The company is a crop protection chemical manufacturer, exporter and marketing company based out of Vapi, Gujarat, with corporate and administration offices in Mumbai.

It manufactures Intermediates, technicals and formulations and is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, alphacypermethrin, deltamethrin, permitherin, lambda cyhalothrin etc.

Its pesticides range includes insecticides, herbicides, fungicides and public health products for pest control.

The company exported its products to more than 60 countries in Latin America, Commonwealth of Independent States, Middle East, Africa, Asia and South East Asia in Fiscal 2020.

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Anand Rathi Heranba IPO Note.pdf


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