Harshdeep Hortico Limited IPO
BSE SMEListed On: Feb 5, 2024 at ₹ 70.0
₹ 135000 /3000 Shares
Check Allotment29 Jan, 2024
Open Date31 Jan, 2024
Close Date01 Feb, 2024
Allotment Date05 Feb, 2024
Listing DateIssue Price
₹42-45 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Link Intime India Private LtdList Price
70.0Listing Date
2024-02-05Market Lot
3000 Shares (₹135,000/-)Lead Manager
Hem Securities LimitedIssue Size
4,242,000 shares(aggregating up to ₹19.09 Cr)Retail Portion
35%Subscription
96.36 timesHarshdeep Hortico Limited IPO Details
Harshdeep Hortico Limited IPO is an SME IPO, priced at ₹42-45 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 42,42,000 equity shares, aggregating up to ₹19.09 crores..
The IPO bidding window is open from Jan 29, 2024 to Jan 31, 2024. The allotment is expected to be finalized on Feb 1, 2024, and the tentative listing date is Feb 5, 2024.
The minimum lot size for retail investors is 3000 shares, with a minimum investment of ₹1,35,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,70,000.
Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.
Harshdeep Hortico Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 804,000 / 822,000* | 1,410,000 | 3,036,000 |
| Day 1 - 29-01-24 06:00 PM | 8.72 / 1.44 x | 3.10 x | 3.16 x |
| Day 2 - 30-01-24 06:00 PM | 14.32 / 17.03 x | 21.46 x | 19.59 x |
| Day 3 - 31-01-24 06:00 PM | 54.18 / 134.40 x | 98.25 x | 96.36 x |
Harshdeep Hortico Limited Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹3.3/-P/E Pre IPO
P/E Post IPO
13.62RoNW
%Harshdeep Hortico Limited Company Financials All values are in ₹ Lakh
| 31-Jul-23 | |
|---|---|
| Assets | 3,059.49 |
| Revenue | 1,482.84 |
| Profit After Tax | 177.24 |
| Net Worth | 1,325.82 |
| Reserves & Surplus | 1,318.85 |
| Total Borrowing | 636.82 |
About The Company
Harshdeep Hortico Limited designs, manufactures, and provides pots and planters that cater both to indoor and outdoor use.
The company's products portfolio includes indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, eco-series planters, etc. and accessories like garden hose pipes and water canisters, among others.
Recently the company also ventured in Roto Moulded Outdoor Furniture.
Harshdeep Hortico has two manufacturing facilities in Bhiwandi and Pune with an area of approximately 93769 sq. ft. and 40000 sq. ft. respectively. The company has three stores in Delhi, Pune (Maharashtra) and Rajahmundry (Andhra Pradesh), four distributors in Hyderabad, Kolkata, Chandigarh and Visakhapatnam. The company also happens to have an online presence through the Amazon and Flipkart platforms as well as the Facebook and Instagram social media platforms.
Customers of the company belong to 27 states and union territories in India and other countries like Djibouti, East Africa, the United Kingdom, Nepal, etc.
As on September 30, 2023, more than 125 people were working in the company.
Harshdeep Hortico Limited - Promoter(s)
Pre Issue Share Holding: 97.38%
Post Issue Share Holding: 71.72%
- Mr. Hitesh Chunilal Shah
Harshdeep Hortico Limited IPO - Issue Objectives
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
- To meet Working Capital requirements
- General Corporate Purpose
Other Details
Harshdeep Hortico Limited
Building No.1 Shree Sai Logistics, Survey No.18/2E 18/2P 17/2A, 17/2B Part, Elkunde, Bhiwandi, Thane - 421302Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: harshdeephortico.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Harshdeep Hortico Limited IPO - FAQs
Ans. Harshdeep Hortico Limited IPO is a SME IPO. The issue is priced at ₹42-45 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Jan 29, 2024, and closes on Jan 31, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Harshdeep Hortico Limited IPO opens on Jan 29, 2024 and closes on Jan 31, 2024.
Ans. The size of Harshdeep Hortico Limited IPO is 4,242,000 shares(aggregating up to ₹19.09 Cr).
Ans. The IPO price band is set between ₹42-45 per equity share.
Ans. To apply for Harshdeep Hortico Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Harshdeep Hortico Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Harshdeep Hortico Limited IPO is Feb 1, 2024.
Ans. The Harshdeep Hortico Limited IPO will be listed on Feb 5, 2024.
Ans. Follow the steps to check the allotment status for Harshdeep Hortico Limited IPO here.
