Bookbuilding IPO | ₹19 Cr | Listed at BSE SME | Mon, Jan 29, 2024 - Wed, Jan 31, 2024
Harshdeep Hortico IPO is a book build issue of ₹19.09 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹19.09 crore.
Harshdeep Hortico IPO bidding started from Jan 29, 2024 and ended on Jan 31, 2024. The allotment for Harshdeep Hortico IPO was finalized on Feb 1, 2024. The shares got listed on BSE SME on Feb 5, 2024.
Harshdeep Hortico IPO price band is set at ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Harshdeep Hortico IPO RHP for detailed Information.
IPO Open
Mon, Jan 29, 2024
IPO Close
Wed, Jan 31, 2024
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹72.42 Cr
| IPO Date | 29 to 31 Jan, 2024 |
| Listed on | Mon, Feb 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹42 to ₹45 |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 42,42,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 2,16,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.9720 Cr) |
| Fresh Issue (Ex Market Maker) | 40,26,000 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 40,26,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 1,18,52,060 shares |
| Share Holding Post Issue | 1,60,94,060 shares |
| BSE Script Code | 544105 |
| ISIN | INE0OLZ01015 |
Harshdeep Hortico IPO comprises a total issue size of 42,42,000 shares. The net offer to the public is 40,26,000 shares, after excluding 2,16,000 shares allotted on a firm basis. Of the Net offer 20,10,000 (49.93%) are allocated to QIB, 6,06,000 (15.05%) allocated to NII 14,10,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,10,000 | 49.93% | 47.38% |
| − Anchor Investor Shares Offered | 12,06,000 | 28.43% | |
| − QIB (Ex. Anchor) Shares Offered | 8,04,000 | 18.95% | |
| NII (HNI) Shares Offered | 6,06,000 | 15.05% | 14.29% |
| Retail Shares Offered | 14,10,000 | 35.02% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,16,000 | 5.09% | |
| Total Shares Offered | 42,42,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Harshdeep Hortico IPO raises ₹5.43 crore from anchor investors. Harshdeep Hortico IPO Anchor bid date is January 25, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 25, 2024 |
| Shares Offered | 12,06,000 |
| Anchor Portion (₹ Cr.) | 5.43 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Mar 2, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, May 1, 2024 |
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 | 30.59 | 0.05 |
| Total Income | 14.83 | |
| Profit After Tax | 1.77 | -0.00 |
| NET Worth | 13.26 | 0.05 |
| Reserves and Surplus | 13.19 | -0.00 |
| Total Borrowing | 6.37 | |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 4.08 |
| 2 | To meet Working Capital requirements | 9.00 |
| 3 | General Corporate Purpose | 3.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.00 | 3.30 |
| P/E (x) | 0 | 13.62 |
| Promoter Holding | 97.38% | 71.72% |
| Market Cap | ₹72.42 Cr. |
The Harshdeep Hortico IPO is subscribed 131.69 times on January 31, 2024 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 213.53 | 2,04,000 | 4,35,60,000 |
| NII* | 181.95 | 6,06,000 | 11,02,59,000 |
| Retail | 98.25 | 14,10,000 | 13,85,28,000 |
| Total | 131.69 | 22,20,000 | 29,23,47,000 |
Total Application : 53,805
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.06 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.14 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.06 |
| 7 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | 1.77 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹70.00 |
| Last Trade | ₹66.50 |
Lead Manager Reports
Harshdeep Hortico IPO is a SME IPO of 42,42,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Jan 29, 2024, and closes on Wed, Jan 31, 2024.
MUFG Intime India Pvt.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 Mon, Jan 29, 2024 and closes on Wed, Jan 31, 2024.
Harshdeep Hortico IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Harshdeep Hortico IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Feb 2, 2024. Check the Harshdeep Hortico IPO allotment status.
The Harshdeep Hortico IPO listing date is on Mon, Feb 5, 2024.
