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01 Aug, 2025
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Harshdeep Hortico Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 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 IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Harshdeep Hortico Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
Harshdeep Hortico Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 97.38% |
| Share Holding Post Issue | 71.72% |
Competitive Strength:
- -
Harshdeep Hortico Limited IPO Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| - | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.3 | |
| P/E (x) | 13.62 |
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.
RHP:
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Frequently asked Questions (FAQs )
-
What Is The Allotment Date Of The Harshdeep Hortico IPO?
The allotment date of the Harshdeep Hortico IPO is January 31, 2024.
-
What Is the Price Band of Harshdeep Hortico’s IPO?
The price band of Harshdeep Hortico IPO is INR 42-45 per share.
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What Is The Size Of The Harshdeep Hortico IPO?
The Harshdeep Hortico IPO issue includes a fresh Issue of up to 42,42,000 equity shares of the company. The company intends to use the funds raised to repay/prepay loans, fulfill working capital needs, and address general corporate purposes.
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What Is The Listing Date Of The Harshdeep Hortico IPO?
The listing of the Harshdeep Hortico IPO date is February 5, 2024.
