Heranba Industries IPO - Investment Rationale: Anand Rathi
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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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