Harshdeep Hortico Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 29, 2024 to January 31, 2024 |
| Listing Date | February 5, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 42 to ₹ 45 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 42,42,000 shares (aggregating up to ₹ 19.09 Cr) |
| Fresh Issue | 42,42,000 shares (aggregating up to ₹ 19.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,18,52,060 |
| Share holding post issue | 1,60,94,060 |
| Market Maker portion | 2,16,000 shares |
About Harshdeep Hortico Limited IPO
Harshdeep Hortico Limited manufactures, designs, and supplies indoor and outdoor pots. The Company offers various types of pots and planters made from recyclable materials, as well as related accessories like garden hose pipes and water cans. Apart from this, recently it has also entered into the field of Roto Moulded Outdoor Furniture. Prior to this, it was operational as a proprietorship firm. Harshdeep Hortico IPO is a book built issue of Rs 19.09 crores. The issue is entirely a fresh issue of 42.42 lakh shares.
Harshdeep Hortico IPO bidding started from January 29, 2024 and ended on January 31, 2024. Harshdeep Hortico IPO price band is set at ₹42 to ₹45 per share. The minimum lot size for an application is 3000 Shares. Hem Securities Limited is the book running lead manager of the Harshdeep Hortico IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Harshdeep Hortico IPO is Hem Finlease.
Objectives of Harshdeep Hortico IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
- 2. To meet Working Capital requirements.
- 3. General Corporate Purpose.
Harshdeep Hortico IPO Review
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.
Harshdeep Hortico Limited IPO Financial Information
Latest Revenue
1,482.84
₹ Crore
Profit After Tax
177.24
₹ Crore
Net Worth
1,325.82
₹ Crore
Total Borrowing
636.82
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Jul 2023 | 3,059.49 | 1,482.84 | 177.24 | 1,325.82 | 636.82 | ||||
| 31 Mar 2023 | 4.89 | — | -0.27 | 4.73 | — | ||||
| Amount in ₹ Crore | |||||||||
Harshdeep Hortico Limited Key Performance Indicator
| KPI | Values |
|---|---|
| - |
Frequently Asked Questions
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Competitive Strengths
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Harshdeep Hortico Limited IPO Timeline
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Wednesday, January 31, 2024 |
| Basis of Allotment | Thursday, February 1, 2024 |
| Initiation of Refunds | Friday, February 2, 2024 |
| Credit of Shares to Demat | Friday, February 2, 2024 |
| Listing Date | Monday, February 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |