January 29, 2024 - January 31, 2024

Harshdeep Hortico IPO Subscription Details

Harshdeep Hortico IPO Subscription Status Live

Harshdeep Hortico IPO subscribed 131.69 times. The public issue subscribed 98.25 times in the retail category, 213.53 times in QIB, and 181.95 times in the NII category by January 31, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	213.53	204,000	4,35,60,000	196.02
Non-Institutional Buyers*	181.95	606,000	11,02,59,000	496.17
Retail Investors	98.25	1,410,000	13,85,28,000	623.38
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	131.69	2,220,000	29,23,47,000	1,315.56

Total Application : 53,805 (114.48 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 216,000 equity shares not included.

Harshdeep Hortico IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 January 29, 2024	8.72	1.44	3.10	3.16
Day 2 January 30, 2024	14.32	17.03	21.46	19.59
Day 3 January 31, 2024	213.53	181.95	98.25	131.69

Harshdeep Hortico IPO Shares Offered

Harshdeep Hortico IPO is a public issue of 3,642,000 equity shares. The issue offers 1,410,000 shares to retail investors, 204,000 shares to qualified institutional buyers, and 606,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,206,000	5.43	33.11%
Market Maker	216,000	0.97	5.93%
QIB	204,000	0.92	5.60%
NII*	606,000	2.73	16.64%
Retail	1,410,000	6.35	38.71%
Total	3,642,000	16.39	100%

Harshdeep Hortico IPO Anchor Investor Allocation

A total of 1,206,000 shares at a price of Rs 45 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Astrone capital VCC - Arven	252,000	45	20.9	11,340,000
2	Zinnia Global Fund PCC- Cell Dewap Fund	252,000	45	20.9	11,340,000
3	FINAVENUE CAPITAL TRUST FINAVENUE GROWTH FUND	225,000	45	18.66	10,125,000
4	Persistent Growth Fund- Varsu India Growth Story Scheme 1	225,000	45	18.66	10,125,000
5	Cognizant Capital Dynamic Opportunities Fund	252,000	45	20.9	11,340,000
		1,206,000		100	54,270,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Harshdeep Hortico IPO Subscription FAQs

The Harshdeep Hortico IPO is subscribed 131.69 by January 31, 2024.