Harshdeep Hortico Limited IPO
BSE SMEListed On: Feb 5, 2024 at ₹ 70.0
₹ 270000 /6000 Shares
*Min Investment
29 Jan, 2024
Open Date31 Jan, 2024
Close Date01 Feb, 2024
Allotment Date05 Feb, 2024
Listing DateHarshdeep Hortico Limited IPO Issue Details
- Issue Price ₹42-45 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 42,42,000 shares(aggregating up to ₹19.09 crore)
- Fresh Share 42,42,000 shares(aggregating up to ₹19.09 crore)
- Listing at BSE SME
- List Price 70.0
- Listing Date 2024-02-05
- Lead Manager Hem Securities Limited
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 3000 | ₹1,35,000 |
| Retail(max) | 1 | 3000 | ₹1,35,000 |
| NII (min) | 2 | 6,000 | ₹2,70,000 |
Harshdeep Hortico Limited IPO Reservation
Harshdeep Hortico Limited IPO offers total 3,642,000 shares. Out of which 204,000 (5.6%) allocated to QIB, 606,000 (16.64%) allocated to NII,1,410,000 (38.71%) allocated to RII, NA (NA%) allocated to employees and 1,206,000 (33.11%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,206,000 (33.11%) | |
| Market Maker Shares Offered | 216,000 (5.93%) | |
| QIB Shares Offered | 204,000 (5.6%) | |
| NII (HNI) Shares Offered | 606,000 (16.64%) | |
| Retail Shares Offered | 1,410,000 (38.71%) | |
| Total Shares Offered | 3,642,000 (100%) |
Harshdeep 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 Analysis And 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
Harshdeep Hortico Limited Company Financials
| 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 Harshdeep Hortico Limited 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)
Mr. Hitesh Chunilal Shah
Pre Issue Share Holding : 97.38%
Post Issue Share Holding : 71.72%
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
Contact Details
Harshdeep Hortico Limited
Building No.1 Shree Sai Logistics, Survey No.18/2E 18/2P 17/2A, 17/2B Part, Elkunde, Bhiwandi, Thane - 421302
+91-94245-04224
Registrar Contact Details
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Harshdeep Hortico Limited IPO is 4,242,000 shares(aggregating up to ₹19.09 Cr).
Ans. The Harshdeep Hortico Limited IPO price band is set between ₹42-45 per equity share.
Ans. To apply for Harshdeep Hortico Limited 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 Harshdeep Hortico Limited IPO allotment status online.
