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Harshdeep Hortico Limited IPO (Harshdeep Hortico IPO) Detail

January 29, 2024 - January 31, 2024

Harshdeep Hortico IPO is a book built issue of Rs 19.09 crores. The issue is entirely a fresh issue of 42.42 lakh shares.

Harshdeep Hortico IPO bidding started from January 29, 2024 and ended on January 31, 2024. The allotment for Harshdeep Hortico IPO was finalized on Thursday, February 1, 2024. The shares got listed on BSE SME on February 5, 2024.

Harshdeep Hortico IPO price band is set at ₹42 to ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.

Hem Securities Limited is the book running lead manager of the Harshdeep Hortico IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Harshdeep Hortico IPO is Hem Finlease.

Refer to Harshdeep Hortico IPO RHP for detailed information.

Harshdeep Hortico IPO Details

IPO Date January 29, 2024 to January 31, 2024
Listing Date February 5, 2024
Face Value ₹10 per share
Price Band ₹42 to ₹45 per share
Lot Size 3000 Shares
Total Issue Size4,242,000 shares
(aggregating up to ₹19.09 Cr)
Fresh Issue4,242,000 shares
(aggregating up to ₹19.09 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue11,852,060
Share holding post issue16,094,060
Market Maker portion216,000 shares
Hem Finlease

Harshdeep Hortico IPO Reservation

Harshdeep Hortico IPO offers 3,642,000 shares. 204,000 (5.60%) to QIB, 606,000 (16.64%) to NII, 1,410,000 (38.71%) to RII and 1,206,000 (33.11%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,206,000 (33.11%)
Market Maker Shares Offered216,000 (5.93%)
QIB Shares Offered204,000 (5.60%)
NII (HNI) Shares Offered606,000 (16.64%)
Retail Shares Offered1,410,000 (38.71%)
Total Shares Offered3,642,000 (100%)

Harshdeep Hortico IPO Anchor Investors Details

Harshdeep Hortico IPO raises Rs 5.43 crore from anchor investors. Harshdeep Hortico IPO Anchor bid date is January 25, 2024. Harshdeep Hortico IPO Anchor Investors list

Bid Date January 25, 2024
Shares Offered 1,206,000
Anchor Portion Size (In Cr.) 5.43
Anchor lock-in period end date for 50% shares (30 Days) March 2, 2024
Anchor lock-in period end date for remaining shares (90 Days) May 1, 2024

Harshdeep Hortico IPO Timeline (Tentative Schedule)

Harshdeep Hortico IPO opens on January 29, 2024, and closes on January 31, 2024.

IPO Open Date Monday, January 29, 2024
IPO Close Date Wednesday, January 31, 2024
Basis of Allotment Thursday, February 1, 2024
Initiation of Refunds Friday, February 2, 2024
Credit of Shares to Demat Friday, February 2, 2024
Listing Date Monday, February 5, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 31, 2024

Harshdeep Hortico IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below 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 ₹135,000
Retail (Max) 1 3000 ₹135,000
HNI (Min) 2 6,000 ₹270,000
Lot Size Calculator

Harshdeep Hortico IPO Promoter Holding

Mr. Hitesh Chunilal Shah is the promoter of the company.

Share Holding Pre Issue 97.38%
Share Holding Post Issue 71.72%

About Harshdeep Hortico Limited

Harshdeep Hortico Limited designs, manufactures, and supplies pots and planters for indoor and outdoor use.

The company's product portfolio includes indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, eco-series planters, etc. and related accessories such as garden hose pipes and water canisters.

Recently, the company also entered the field of 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) and four distributors in Hyderabad, Kolkata, Chandigarh and Visakhapatnam. The company also has an online presence via Amazon and Flipkart as well as social media platforms such as Facebook and Instagram.

The company's customers come from 27 states and union territories in India as well as overseas countries such as Djibouti, East Africa, the United Kingdom, Nepal, etc.

As on September 30, 2023, the company had over 125 employees.

Harshdeep Hortico Limited Financial Information (Restated)

Period Ended31 Jul 202331 Mar 2023
Assets3,059.494.89
Revenue1,482.84
Profit After Tax177.24-0.27
Net Worth1,325.824.73
Reserves and Surplus1,318.85-0.27
Total Borrowing636.82
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Harshdeep Hortico IPO is Rs 72.42 Cr.

Pre IPO Post IPO
EPS (Rs) 03.3
P/E (x) 013.62
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of July 31, 2023 that is available in RHP.

Objects of the Issue (Harshdeep Hortico IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objects:

  1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
  2. To meet Working Capital requirements
  3. General Corporate Purpose

Harshdeep Hortico IPO Review (May apply)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment. It marked growth in its top lines for the reported periods, but witnessed pressure on margins. Based on its annualized FY24 earrings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate fund for medium term rewards. Read detail review...


Harshdeep Hortico IPO Subscription Status (Bidding Detail)

The Harshdeep Hortico IPO is subscribed 131.69 times on January 31, 2024 7:02:00 PM. The public issue subscribed 98.25 times in the retail category, 213.53 times in the QIB category, and 181.95 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB213.53
NII181.95
Retail98.25
Total131.69

Total Application : 53,805 (114.48 times)

Harshdeep Hortico IPO Rating

4
4.0
Rating:Rated 4.0 stars
Vote Here ...

Harshdeep Hortico IPO Listing Details

Listing Date February 5, 2024
BSE Script Code 544105
NSE Symbol
ISIN INE0OLZ01015
Final Issue Price ₹45 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹45.00
₹70.00
₹66.50
₹70.00
₹66.50

Check IPO Performance…

Harshdeep Hortico Limited 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
Phone: +91-94245-04224
Email: cs@harshdeepindia.com
Website: https://harshdeepindia.com/

Harshdeep Hortico IPO Registrar

Link 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 IPO - Buy or Not

Harshdeep Hortico IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Harshdeep Hortico IPO FAQs

Harshdeep Hortico IPO is a SME IPO of 4,242,000 equity shares of the face value of ₹10 aggregating up to ₹19.09 Crores. The issue is priced at ₹42 to ₹45 per share. The minimum order quantity is 3000 Shares.

The IPO opens on January 29, 2024, and closes on January 31, 2024.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Harshdeep Hortico IPO using UPI as a payment gateway. Zerodha customers can apply in Harshdeep Hortico IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Harshdeep Hortico IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Harshdeep Hortico IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Harshdeep Hortico IPO opens on January 29, 2024 and closes on January 31, 2024.

Harshdeep Hortico IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.

You can apply in Harshdeep Hortico IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Harshdeep Hortico IPO will be done on Thursday, February 1, 2024, and the allotted shares will be credited to your demat account by Friday, February 2, 2024. Check the Harshdeep Hortico IPO allotment status.

The Harshdeep Hortico IPO listing date is on February 5, 2024.
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Harshdeep Hortico IPO Message Board

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181 Comments

86. ADP |   Link |  Bookmark |February 25, 2024 10:42:28 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Bekar Stock hai opretor ne usko chod Diya ab chalne vala nahi bhai sme stock only opreter Game's 🎮 Not Fundamental
85. Noorul |   Link |  Bookmark |February 17, 2024 3:03:18 PM
Holding it.. looking good now.
85.1. G profit |   Link |  Bookmark |February 21, 2024 12:02:49 PM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
There is no active movement in share rate. Seems operators are not yet interested
84. Ipomania |   Link |  Bookmark |February 16, 2024 11:21:49 AM
Added 1 lot today...
83. Noorul |   Link |  Bookmark |February 13, 2024 7:00:35 AM
Added today around 53. Hope some upside momentum.
83.4. ADP |   Link |  Bookmark |February 25, 2024 10:38:51 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@ABDUL PATEL First Allotment uper vale ne diya tha to Jo mile isme khush hona chahiye lalach buri Bala hai sell karna tha apko
83.5. ABDUL PATEL |   Link |  Bookmark |February 26, 2024 1:14:57 AM
​ @ADP i am watching sme listing for quiet sometime now, and most of them are giving excellent returns so i thought to hold, thats why i didnt selll in pre open. and since this was my first allotment in sme i was confused whether to hold or sell, but maybe you are right i could have sold
82. ElDorado |   Link |  Bookmark |February 12, 2024 10:32:58 PM (400+ Posts)
Website crash ho gaya
82.1. ElDorado |   Link |  Bookmark |February 12, 2024 10:58:07 PM (400+ Posts)
Oops, ignore it please. Was meant to be on different IPO page.
81. neraj |   Link |  Bookmark |February 12, 2024 8:21:05 AM (300+ Posts)
1Lot liya hai 55.80 Pe. Prabhu ab LC mt krwana
81.1. Small Investor |   Link |  Bookmark |February 12, 2024 10:46:50 AM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
fansh gye
80. G profit |   Link |  Bookmark |February 9, 2024 8:32:16 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
Continuous LCs. Another 3 to 4 LCs,then it will touch ipo price. 130 times over-subscription but no buyers.
79. Earthking |   Link |  Bookmark |February 8, 2024 8:09:06 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
bought few lots in pre open ... looks oversold ... hope it breaks LC today ...
78. Balaji S |   Link |  Bookmark |February 7, 2024 8:33:26 PM
Given the QIB subscription of 213x (although QIB allocation percentage is little lower), the consecutive 3-day LC is hard to understand. I am wondering if this is good to hold for medium term or a risky bet and consider existing at market opening.
77. G profit |   Link |  Bookmark |February 6, 2024 2:29:34 PM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
Maybe some more LCs are in the waiting.
77.1. Mahaveer Prasad Gupta |   Link |  Bookmark |February 6, 2024 9:43:19 PM
As per past record of hem, tomorrow after lower, it will go to upper cercuit in the evening
77.2. G profit |   Link |  Bookmark |February 7, 2024 4:29:02 PM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
Waiting for good rate with my allotment (after many sme ipos)
76. lokes |   Link |  Bookmark |February 5, 2024 9:33:11 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
game played here and operators removed their orders at uc later.....so lc after 10 as everyone rushing to sell now....
Hem is loosing its reputation big now for after listing performance....swan multitech from hem also didnt performed well as expected due to operators....
76.7. Anshujii |   Link |  Bookmark |February 5, 2024 1:55:30 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
Already stuck in hem's Paragon and swan agro...hem is now only for listing pop...
76.8. Ipoaspire |   Link |  Bookmark |February 5, 2024 6:59:40 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Truly said..if u see past ipo.it is only in listing day..further there will no action..on the 0ther hand shreni is very good LM and the action can be seen even after listing irrespective of the price it listed ..DELAPLEX is handed by shreni ,and DELAPLEX IS good for long term nd available now at best price
75. rahulkrjain |   Link |  Bookmark |February 5, 2024 2:24:37 PM (400+ Posts)
Seems someone buying in bulk at the ending time of trade.
75.1. crsl |   Link |  Bookmark |February 5, 2024 2:50:06 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
No Buying
Only 1 lot traded in last 1 hour at 14.56pm
Only 11 lots traded from 11.00am till closing
75.2. rahulkrjain |   Link |  Bookmark |February 5, 2024 5:43:12 PM (400+ Posts)
Seems I am lucky as my sell order got executed
74. rahulkrjain |   Link |  Bookmark |February 5, 2024 2:23:20 PM (400+ Posts)
Luckily my order got executed for sell at LC.
73. S Patel |   Link |  Bookmark |February 5, 2024 8:35:23 AM
Please share preopening link
73.1. Vimal Garodia |   Link |  Bookmark |February 5, 2024 11:05:55 AM
IPO Guru IPO Guru (3400+ Posts, 3800+ Likes)
@S Patel It is late now but for next IPO you can find the preopen link in this very page.

Just look for "IPO listing details" there you can see a link "pre open session" link. It could be BSE or NSE or both..

Hope this helps..
73.2. S Patel |   Link |  Bookmark |February 5, 2024 11:32:56 AM
Thank you Vimal
72. Mr. Agrawal |   Link |  Bookmark |February 5, 2024 10:11:22 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
From buyer only posts from yesterday at 85 price to now sellers only at 66.. alot can change in a day ...
71. rahulkrjain |   Link |  Bookmark |February 5, 2024 9:38:01 AM (400+ Posts)
@M Gupta 
It seems u have much confidence on this company,
Some people like me who didn’t sell in pre-open, and now living in fear, can u give us some courage to us mean ur idea of buying it.
71.1. M Gupta |   Link |  Bookmark |February 5, 2024 9:52:48 AM
IPO Guru IPO Guru (1100+ Posts, 3300+ Likes)
I have bought a lot at lower cercuit, and will buy another if this opens at lower tomorrow. I have no panic as i have full faith of this co touching 100/- in two three months.
70. Jai mahakaal |   Link |  Bookmark |February 5, 2024 8:31:11 AM
Buy orders decreasing continuously.. what is the reason behind it?
70.2. Simply Vicky |   Link |  Bookmark |February 5, 2024 9:02:48 AM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
My idea got through...it was information from internal sources...gmp players from jaipur
70.3. Jai mahakaal |   Link |  Bookmark |February 5, 2024 9:11:28 AM
Absolutely correct @Simply Vicky 
Thanks for your valuable information..
Hope you will share this kind of information and experience in future also..
69. ARJUN'S EYE |   Link |  Bookmark |February 5, 2024 8:46:31 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Sold in preopen....
69.1. crsl |   Link |  Bookmark |February 5, 2024 9:01:20 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Lower circuit @66.50
69.2. crsl |   Link |  Bookmark |February 5, 2024 9:08:48 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
More than 5 lacs qty to SELL
No Buyer
68. M Gupta |   Link |  Bookmark |February 5, 2024 9:07:43 AM
IPO Guru IPO Guru (1100+ Posts, 3300+ Likes)
Bought one more lot @ 66.50 at lowe cercuit
67. rahulkrjain |   Link |  Bookmark |February 5, 2024 9:02:25 AM (400+ Posts)
Seems those who didn’t sell, are now trapped