Harshdeep Hortico IPO Review

 
Harshdeep Hortico IPO Review

IPO Open Date: January 29, 2024

IPO Close Date: January 31, 2024

IPO Price: ₹42 to ₹45 per share

Lot Size: 3000 Shares

Listing: February 05, 2024

Harshdeep Hortico is scheduled to hit the market on January 29, 2024 and close on January 31, 2024. Harshdeep Hortico plans to raise around ₹19.09 Cr through an IPO with a sale of up to 4,242,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Harshdeep Hortico Limited specializes in designing, manufacturing, and supplying a diverse range of pots and planters suitable for both indoor and outdoor settings.

Their product lineup encompasses various categories, including indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, and eco-series planters. The company has expanded its offerings to include Roto Moulded Outdoor Furniture. Additionally, they provide related accessories like garden hose pipes and water canisters.

Harshdeep Hortico


Harshdeep Hortico IPO Details

Harshdeep Hortico IPO opens on Jan 29, 2024, and closes on Jan 31, 2024. The Listing date for Harshdeep Hortico IPO is on Feb 05, 2024. The price band for IPO is ₹42 to ₹45 per share and lot size of 3000 Shares.

IPO DateJan 29, 2024 to Jan 31, 2024
Listing DateFeb 05, 2024
Price₹42 to ₹45 per share
Lot Size3000 Shares
Issue Size₹19.09 Cr
Face Value₹10 per share

Harshdeep Hortico IPO Tentative Timetable

Harshdeep Hortico opening date is January 29, 2024 and close date is January 31, 2024. The IPO allotment date is February 1, 2024. The refund initiation of IPO is on February 02, 2024. The credit of shares in demat account is on February 02, 2024. The listing date is on February 05, 2024.

EventDate
IPO OpeningJan 29, 2024
IPO ClosingJan 31, 2024
IPO Allotment DateFeb 01, 2024
Refund InitiationFeb 02, 2024
Shares Credit to DematFeb 02, 2024
Lisiting DateFeb 05, 2024

Harshdeep Hortico IPO Lot Size

Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

CategoryLotsSharesAmount
Retail(Minimum)13000₹135,000
Retail(Maximum)13000₹135,000
HNI (Minimum)26000₹270,000

Harshdeep Hortico IPO Promoter Holding

Pre Issue Share Holding97.38%
Post Issue Share Holding71.72%

Harshdeep Hortico IPO Review

Harshdeep Hortico Limited operates in the horticulture sector with manufacturing facilities in Bhiwandi and Pune. The company has a retail presence with stores in Delhi, Pune, and Rajahmundry, along with distributors in key cities. Additionally, it has expanded its reach through online platforms like Amazon and Flipkart, as well as social media channels. The two manufacturing facilities in Bhiwandi and Pune, covering approximately 93,769 sq. ft. and 40,000 sq. ft. respectively, are essential for the production and distribution of horticultural products. These facilities play a crucial role in supporting the company's operational and supply chain requirements. Harshdeep Hortico Limited has stores in strategic locations, including Delhi, Pune, and Rajahmundry, and distributors in Hyderabad, Kolkata, Chandigarh, and Visakhapatnam. The company's presence on e-commerce platforms and social media adds to its accessibility and customer engagement.

The company's customer base extends across 27 states and union territories in India, showcasing a wide domestic reach. Furthermore, the company serves customers in overseas markets such as Djibouti, East Africa, the United Kingdom, Nepal, and others, indicating a global footprint. As of September 30, 2023, Harshdeep Hortico Limited exhibits total assets of ₹3,059.49 Lakhs. The revenue for the period ending July 31, 2023, is ₹1,482.84 Lakhs, with a profit after tax of ₹177.24 Lakhs. The company's net worth and reserves and surplus stand at ₹1,325.82 Lakhs and ₹1,318.85 Lakhs, respectively. The company has borrowed ₹636.82 Lakhs. The IPO aims to raise funds for the repayment and/or pre-payment of certain borrowings, meeting working capital requirements, and general corporate purposes.

Harshdeep Hortico Limited operates in a sector with potential growth, evident from its domestic and international customer base. The combination of physical stores, distributors, and online presence positions the company well for future expansion. A detailed review is recommended to understand the competitive landscape, growth strategies, and potential risks associated with the IPO. Given Harshdeep Hortico Limited's diverse operations and financial standing, a comprehensive review is advised to provide insights into the company's market positioning, growth plans, and the impact of the IPO on its overall business.

Harshdeep Hortico IPO Subscription Status (Bidding Details)

Table not found

Harshdeep Hortico IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Harshdeep Hortico IPO FAQs

What is Harshdeep Hortico IPO?

Harshdeep Hortico is issuing 4,242,000 equity shares with a face value of ₹10 each, totaling up to ₹19.09 Cr. The shares are being offered at a price of ₹42 to ₹45 each, with a minimum order quantity of 3000 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Harshdeep Hortico IPO will open?

Harshdeep Hortico will open on January 29, 2024 for QIB, NII, and Retail Investors.

When Harshdeep Hortico IPO will end?

Harshdeep Hortico will end on January 31, 2024.

What is Harshdeep Hortico IPO Size?

Harshdeep Hortico IPO size is ₹19.09 Cr.

What is Harshdeep Hortico IPO Price Band?

Harshdeep Hortico price band is ₹42 to ₹45 per share.

What is the Harshdeep Hortico IPO Allotment Date?

Harshdeep Hortico allotment date is February 1,2024.

What is the Harshdeep Hortico IPO Listing Date?

Harshdeep Hortico listing date is February 05, 2024. The IPO is to be listed on BSE and NSE.

How to Harshdeep Hortico IPO through Zerodha?

To apply for the IPO “Harshdeep Hortico” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Harshdeep Hortico IPO through Upstox?

To apply for the IPO “Harshdeep Hortico” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Harshdeep Hortico IPO Allotment Status?

For Harshdeep Hortico IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Harshdeep Hortico IPO GMP?

You can check out here: Harshdeep Hortico IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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