Summary of various brokerage houses report
Bad :
- There have been some corporate governance lapses by the company in the past.
- Raw materials constitute a significant percentage of the Company’s total expenses, any increase in prices and any decrease in the supply would materially adversely affect Heranba Industries’ business
Good :
- Heranba Industries grey market premium over issue price, it seems that it may list at a small premium
- Reasonable valuations
- Most brokers gave subscribe for long term or listing gains
- company has a diversified customer base. “Thus, a large chunk of revenue is not concentrated with some big names
chemicals sector has been the flavour among investors, but all that glitters is not gold
Disclosure: Hold Sumitomo, will apply HIL Ipo for listing gains.