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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 ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,26,000 (3000 shares). The minimum lot size investment for 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 Date | January 29, 2024 to January 31, 2024 |
| Listing Date | February 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹42 to ₹45 per share |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,42,000 shares (aggregating up to ₹19.09 Cr) |
| Reserved for Market Maker | 2,16,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.9720 Cr) |
| Net Offered to Public | 40,26,000 shares (aggregating up to ₹18.12 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,18,52,060 shares |
| Share Holding Post Issue | 1,60,94,060 shares |
Harshdeep Hortico IPO offers total 42,42,000 shares. Out of which 20,10,000 (47.38%) allocated to QIB, 8,04,000 (18.95%) allocated to QIB, 6,06,000 (14.29%) allocated to NII, 14,10,000 (33.24%) allocated to RII and 12,06,000 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,16,000 (5.09%) |
| QIB Shares Offered | 20,10,000 (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 (14.29%) |
| Retail Shares Offered | 14,10,000 (33.24%) |
| Total Shares Offered | 42,42,000 (100.00%) |
Harshdeep Hortico IPO raises ₹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 | 12,06,000 |
| 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 | Mon, Jan 29, 2024 |
| IPO Close Date | Wed, Jan 31, 2024 |
| Tentative Allotment | Thu, Feb 1, 2024 |
| Initiation of Refunds | Fri, Feb 2, 2024 |
| Credit of Shares to Demat | Fri, Feb 2, 2024 |
| Tentative Listing Date | Mon, Feb 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 31, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹72.42 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.00 | 3.30 |
| 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...
| Listing Date | February 5, 2024 |
| BSE Script Code | 544105 |
| NSE Symbol | |
| ISIN | INE0OLZ01015 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹70.00 |
| Last Trade | ₹66.50 |
Harshdeep Hortico Ltd.
Building No.1 Shree Sai Logistics,
Survey No.18/2E 18/2P 17/2A, 17/2B Part,
Elkunde, Bhiwandi, Thane - 421302
Bhiwandi, Maharashtra
Phone: +91-94245-04224
Email: cs@harshdeepindia.com
Website: https://harshdeepindia.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: harshdeephortico.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Harshdeep Hortico IPO is a SME IPO of 42,42,000 equity shares of the face value of ₹10 aggregating up to ₹19.09 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on January 29, 2024, and closes on January 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 January 29, 2024 and closes on January 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 Friday, February 2, 2024. Check the Harshdeep Hortico IPO allotment status.
The Harshdeep Hortico IPO listing date is on Monday, February 5, 2024.
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