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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.
| 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 Size | 4,242,000 shares (aggregating up to ₹19.09 Cr) |
| Fresh Issue | 4,242,000 shares (aggregating up to ₹19.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 11,852,060 |
| Share holding post issue | 16,094,060 |
| Market Maker portion | 216,000 shares Hem Finlease |
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 Offered | 1,206,000 (33.11%) |
| Market Maker Shares Offered | 216,000 (5.93%) |
| QIB Shares Offered | 204,000 (5.60%) |
| 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 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 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 |
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 | |||
Mr. Hitesh Chunilal Shah is the promoter of the company.
| Share Holding Pre Issue | 97.38% |
| Share Holding Post Issue | 71.72% |
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.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 |
| Assets | 3,059.49 | 4.89 |
| Revenue | 1,482.84 | |
| Profit After Tax | 177.24 | -0.27 |
| Net Worth | 1,325.82 | 4.73 |
| Reserves and Surplus | 1,318.85 | -0.27 |
| Total Borrowing | 636.82 | |
| Amount in ₹ Lakhs | ||
The market capitalization of Harshdeep Hortico IPO is Rs 72.42 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0 | 3.3 |
| P/E (x) | 0 | 13.62 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 213.53 |
| NII | 181.95 |
| Retail | 98.25 |
| Total | 131.69 |
Total Application : 53,805 (114.48 times)
| Listing Date | February 5, 2024 |
| BSE Script Code | 544105 |
| NSE Symbol | |
| ISIN | INE0OLZ01015 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹45.00 |
| ₹70.00 |
| ₹66.50 |
| ₹70.00 |
| ₹66.50 |
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/
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
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Check our SME IPO Guide 
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
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.
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