The Harshdeep Hortico date has been confirmed from January 29, 2024 and closes on January 31, 2024.
Harshdeep Hortico Developers IPO is a fixed price issue of Rs 19.09 crores. The 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.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
Jan 29-31
Price Range
₹42 to ₹45 per share
Face Value
₹10 per share
GMP
₹32
Harshdeep Hortico IPO GMP
The Harshdeep Hortico IPO GMP is ₹32.
IPO Overview
Harshdeep Hortico IPO is a book-built issuance worth Rs 19.09 crore. The offering is wholly new, totaling 42.42 lakh shares. Harshdeep Hortico’s initial public offering (IPO) will begin on January 25, 2024 and end on January 30, 2024. The allotment for the Harshdeep Hortico IPO is expected to be completed on Wednesday, January 31, 2024. Harshdeep Hortico IPO will be listed on BSE SME, with a tentative listing date of Friday, February 2, 2024.
Harshdeep Hortico’s IPO price range is set at ₹42 to ₹45 per share. The minimum lot size for an application is 3000 shares. The minimum investment for retail investors is ₹135,000. The minimum investment for HNI is 2 lots (6,000 shares) worth ₹270,000.
Harshdeep Hortico IPO Details
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | [.] |
| 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 |
Harshdeep Hortico Limited Financial Information
| 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 | ||
Harshdeep Hortico IPO Timeline
| IPO Open Date | Thursday, January 25, 2024 |
| IPO Close Date | Tuesday, January 30, 2024 |
| Basis of Allotment | Wednesday, January 31, 2024 |
| Initiation of Refunds | Thursday, February 1, 2024 |
| Credit of Shares to Demat | Thursday, February 1, 2024 |
| Listing Date | Friday, February 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 30, 2024 |
Company Profile
Harshdeep Hortico Limited creates, manufactures, and distributes pots and planters for both indoor and outdoor use. Indoor plastic planters, outdoor planters, LED planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, eco-series planters, and other accessories, such as garden hose pipes and water canisters, are among the company’s offerings. Recently, the company expanded into the market of Roto Moulded Outdoor Furniture. Harshdeep Hortico has two manufacturing facilities in Bhiwandi
and Pune, covering roughly 93769 and 40000 square feet, respectively. The company operates three storefronts in Delhi, Pune (Maharashtra), and Rajahmundry (Andhra Pradesh) and four distributors in Hyderabad, Kolkata, Chandigarh, and Visakhapatnam. The company also has an online presence on Amazon, Flipkart, and social media sites like Facebook and Instagram. Customers come from 27 Indian states and union territories, as well as nations including Djibouti, East Africa, the United Kingdom, and Nepal. As of September 30, 2023, the company had more than 125 employees.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | harshdeephortico.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Harshdeep Hortico Limited |
| Phone number | +91-94245-04224 |
| Email ID | cs@harshdeepindia.com |
| Website | harshdeepindia.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
