Last updated on February 6, 2024
Harshdeep Hortico IPO description – Harshdeep Hortico specializes in designing, manufacturing, and supplying various pots and planters, including plastic Indoor Planters, Outdoor Planters, Illuminated Planters, Decorative Planters, Roto Moulded Planters, Fiber Reinforced Plastic (FRP) Planters, Eco series Planters.
The company also offers related accessories like Garden Hose Pipes and Water Can and has recently entered the field of Roto Moulded Outdoor Furniture. As of 30 September 2023, the company employs around 125 individuals, including semi-skilled staff, across different organizational levels.
Harshdeep Hortico operates manufacturing units in Bhiwandi and Pune, covering approximately 93,769 sq. ft. and 40,000 sq. ft. respectively. The company has stores in Delhi, Pune (Maharashtra), and Rajahmundry (Andhra Pradesh), along with distributors in Hyderabad, Kolkata, Chandigarh, and Visakhapatnam. Providing an Omni-channel experience, customers can access their products through the website, online marketplaces like Amazon and Flipkart, and social media platforms like Facebook and Instagram.
The company’s customer base extends across 27 states and union territories in India and also includes international patrons from countries like Djibouti, East Africa, the United Kingdom, Nepal, and more. In fiscal years 2022 and 2023, export revenue amounted to INR 70.25 lakhs and INR 75.58 lakhs, constituting 2.02% and 1.85% of its overall revenue for the respective fiscal periods.
Promoters of Harshdeep Hortico – Hitesh Chunilal Shah
Table of Contents
Harshdeep Hortico IPO Details
| Harshdeep Hortico IPO Dates | 29 – 31 January 2024 |
| Harshdeep Hortico Issue Price | INR 42 – 45 per share |
| Fresh issue | 4,242,000 shares (INR 17.82 – 19.09 crore) |
| Offer For Sale | NIL |
| Total IPO size | 4,242,000 shares (INR 17.82 – 19.09 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 135,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Harshdeep Hortico Financial Performance
| Â | FY 2023 | 4M FY 2024 |
| Revenue | – | 1,481.05 |
| Expenses | 0.27 | 1,245.98 |
| Net income | (0.27) | 177.24 |
Harshdeep Hortico Offer News
- Harshdeep Hortico RHP
- Harshdeep Hortico Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Harshdeep Hortico Valuations & Margins
| FY 2023 | 4M FY 2024 | |
| EPS | – | 1.50 |
| PE ratio | – | 28 – 30 |
| RONW (%) | – | 13.37 |
| NAV | 0.04 | 11.19 |
| ROCE (%) | 0.00 | 12.28 |
| EBITDA (%) | – | 19.27 |
| Debt/Equity | – | 0.48 |
Harshdeep Hortico IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 February 2024 | 30 | – | 57,000 |
| 2 February 2024 | 27 | – | 47,000 |
| 1 February 2024 | 20 | – | 35,800 |
| 31 January 2024 | 15 | – | 27,000 |
| 30 January 2024 | 10 | – | 18,500 |
Harshdeep Hortico IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 804,000 | 606,000 | 1,410,000 | 2,820,000 |
| 31 Jan 2024 | 54.18 | 182.30 | 98.25 | 103.75 |
| 30 Jan 2024 | 3.63 | 17.40 | 21.50 | 15.52 |
| 29 Jan 2024 | 2.21 | 1.44 | 3.10 | 2.49 |
The market maker reservation portion of 216,000 shares and anchor investor portion of 1,206,000 shares are not included in the above calculations.
Harshdeep Hortico IPO Allotment Status
Harshdeep Hortico IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Harshdeep Hortico IPO Dates & Listing Performance
| IPO Opening Date | 29 January 2024 |
| IPO Closing Date | 31 January 2024 |
| Finalization of Basis of Allotment | 1 February 2024 |
| Initiation of refunds | 2 February 2024 |
| Transfer of shares to demat accounts | 2 February 2024 |
| IPO Listing Date | 5 February 2024 |
| Opening Price on BSE SME | INR 70 per share (up 55.56%) |
| Closing Price on BSE SME | INR 66.50 per share (up 47.78%) |
Harshdeep Hortico Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Harshdeep Hortico Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Harshdeep Hortico Offer Contact Details
HARSHDEEP HORTICO LIMITED
Building No.1 Shree Sai Logistics,
Survey No.18/2E 18/2P 17/2A, 17/2B Part,
Elkunde, Bhiwandi, Thane- 421302, Maharashtra
Phone: +91-94245-0422
E-mail: [email protected]
Website: www.harshdeepindia.com
IPO FAQs
What is the Harshdeep Hortico offer size?
Harshdeep Hortico offer size is INR 17.82 – 19.09 crores.
What is the Harshdeep Hortico offer price band?
Harshdeep Hortico public offer price is INR 42 – 45 per share.
What is the lot size of the Harshdeep Hortico IPO?
Harshdeep Hortico offer lot size is 3,000 shares.
What is Harshdeep Hortico IPO GMP today?
Harshdeep Hortico IPO GMP today is INR 30 per share.
What is the Harshdeep Hortico kostak rate today?
Harshdeep Hortico kostak rate today is NA per application.
What is Harshdeep Hortico Subject to Sauda rate today?
Harshdeep Hortico is Subject to the Sauda rate today is INR 57,000 per application.
