Harshdeep Hortico IPO Details | GMP, Date, Price, Review

Harshdeep Hortico IPO

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Harshdeep Hortico IPO Details ( Harshdeep Hortico Limited IPO Review )

(29 Jan 2024 – 31 Jan 2024)

Harshdeep Hortico Limited creates, makes, and sells pots and planters for both indoor and outdoor spaces.

Our range of products includes plastic planters for indoors, outdoor planters, lit-up planters, stylish planters, molded planters, fiberglass-reinforced plastic (FRP) planters, eco-friendly planters, and more. We also offer accessories like garden hoses and water canisters.

Recently, we’ve expanded into making Roto Moulded Outdoor Furniture.

We have two manufacturing facilities—one in Bhiwandi and another in Pune—with sizes of around 93,769 sq. ft. and 40,000 sq. ft., respectively. Our stores are located in Delhi, Pune (Maharashtra), and Rajahmundry (Andhra Pradesh), and we collaborate with distributors in Hyderabad, Kolkata, Chandigarh, and Visakhapatnam. You can also find us online on Amazon and Flipkart, and we’re active on social media, including Facebook and Instagram.

Our customer base spans across 27 states and union territories in India, as well as international locations like Djibouti, East Africa, the United Kingdom, Nepal, and more.

As of September 30, 2023, our team consists of over 125 dedicated employees.

Harshdeep Hortico Limited IPO Competitive Strength

  • Diverse range of products across consumer preferences
  • Consistent focus on Quality
  • Revenue from multiple geographies
  • In-house Manufacturing capabilities
  • Experienced and Qualified Management

Harshdeep Hortico IPO Financials Performance ( Results )

Harshdeep Hortico Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of Harshdeep Hortico IPO Issue

  • Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
  • To meet Working Capital requirements
  • General Corporate Purpose

Harshdeep Hortico IPO Basic Details

IPO DateJan 29, 2024 to Jan 31, 2024
Listing DateMonday, February 5, 2024
Face Value₹10 per share
Price₹42 to ₹45 per share
Lot Size3000 Shares
Issue Size4,242,000 shares of ₹10
(aggregating up to ₹19.09 Cr)
Fresh Issue4,242,000 shares of ₹10
(aggregating up to ₹19.09 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue11,852,060
Share holding post issue16,094,060
Company PromotersMr. Hitesh Chunilal Shah

Harshdeep Hortico IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% of the Net Issue

Harshdeep IPO Timetable

Harshdeep IPO will open on January 29, 2024 and close on January 31, 2024. You can join Harshdeep IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date29 January 2024 (Monday)
Closing Date31 January 2024 (Wednesday)
Basis of Allotment1 February 2024 (Thursday)
Initiation of Refunds2 February 2024 (Friday)
Credit of Shares to Demat2 February 2024 (Friday)
Listing Date5 February 2024 (Monday)
Deadline for UPI mandate confirmation5 PM on 31 January 2024

Harshdeep Hortico IPO Lot Size

For retail investors in Harshdeep Hortico IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹135,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹135,000.

Retail (Min)13000₹135,000
Retail (Max)13000₹135,000
S-HNI (Min)26000₹270,000

Harshdeep Hortico IPO Promoter Holding

The company’s promoters include Mr. Hitesh Chunilal Shah.

Pre Issue Share Holding97.38%
Post Issue Share Holding71.72%

Harshdeep Hortico Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)72.42
Earning Per Share (EPS)₹3.3 per Equity Share
Net Asset Value (NAV)₹11.19 per Equity Share
Post P/E Ratio (P/E) (x)13.62
Return on Net Worth (RoNW) (%)13.37
Return on equity (ROE) (%)26.64
Return on Capital Employed (ROCE) (%)12.28
Debt/Equity Ratio0.48

Harshdeep Hortico Ltd Peer Comparison

There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.

Harshdeep Hortico IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
31 January 2024₹16
30 January 2024₹16
29 January 2024₹0
28 January 2024₹0

Harshdeep Hortico IPO Detail Video:


Harshdeep Hortico IPO Subscription Status (Bidding Detail)

The Harshdeep Hortico IPO on January 31, 2024 at 7:30:00 PM was subscribed 131.69 times, with the retail category being subscribed 98.25 times, the NII (Non-Institutional Investor) category being subscribed 181.95 times, QIB (Qualified-Institutional Buyers) category being subscribed 213.53 times.


Harshdeep Hortico IPO Prospectus

Harshdeep Hortico IPO DRHPDownload
Harshdeep Hortico IPO RHPDownload
Harshdeep Hortico IPO Anchor Investors Details PDFDownload

Harshdeep Hortico IPO Rating

Our Rating2.0/5.0

Harshdeep Hortico Company Contact Information

Harshdeep Hortico Limited

Harshdeep Hortico Limited

Registered Office: Building No.1 Shree Sai Logistics, Survey No.18/2E 18/2P 17/2A, 17/2B Part, Elkunde, Bhiwandi, Thane- 421302, Maharashtra, India.
Tel No: +91-94245-04224
E-mail: cs@harshdeepindia.com
Website: https://harshdeepindia.com/
Contact Person: Shreya Gandhi, Company Secretary & Compliance Officer
Promoter of our Company: Hitesh Chunilal Shah

Harshdeep Hortico IPO Registrar

Link Intime India Private Limited

Address: C-101, 247 Park, L. B. S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India
Tel. No.: +91 810 811 4949
Email: harshdeephortico.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance Email: harshdeephortico.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Harshdeep Hortico IPO Lead Manager

Hem Securities Limited

Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.: +91- 22- 49060000;
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Ajay Jain
SEBI Regn. No. INM000010981

Harshdeep Hortico IPO FAQs

What is the lot size of Harshdeep Hortico IPO?

The total size of Harshdeep Hortico IPO is ₹72.42 crores and this is a complete fresh Issue.

When will Harshdeep Hortico IPO start?

Harshdeep Hortico IPO will open from 29 January 2024 and IPO will close on 31 January 2024.

What is the open date of Harshdeep Hortico IPO?

Harshdeep Hortico IPO will open date from 29 January 2024.

What is the last date ( close date ) of Harshdeep Hortico IPO?

Harshdeep Hortico IPO will close from 31 January 2024.

What is the price band of Harshdeep Hortico IPO?

Harshdeep Hortico IPO price band is ₹42 to 45. ( Upper Price Band: ₹45, Lower Price Band: ₹42 )

What is the minimum amount required to apply for Harshdeep Hortico IPO?

The minimum investment for retailers to apply for Harshdeep Hortico IPO is ₹135,000 and the maximum investment is ₹135,000.

What is going on gray market premium of Harshdeep Hortico IPO?

View gray market premium of Harshdeep Hortico IPO by Clicking Here

How much is the GMP of Harshdeep Hortico IPO?

Watch Harshdeep Hortico IPO GMP Today: Click Here

What is the allotment date of Harshdeep Hortico IPO?

The allotment date of Harshdeep Hortico IPO is 1 February 2024.

How to check allotment status in Harshdeep Hortico IPO?

To check the allotment status of Harshdeep Hortico IPO, first of all go to the registrar website by clicking here, select your bad Harshdeep Hortico IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Harshdeep Hortico IPO?

The listing date of Harshdeep Hortico IPO is 5 February 2024.

How much will be the listing gain in Harshdeep Hortico IPO?

View listing gain of Harshdeep Hortico IPO by Clicking Here

How much time Harshdeep Hortico IPO is subscribed?

Total 131.69 times subscribed in Harshdeep Hortico IPO out of which 98.25 times subscription was done in retail quota, 181.95 times subscription in NII quota and 213.53 times subscription in QIB quota.

How to apply for Harshdeep Hortico IPO from Upstox?

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How to apply for Harshdeep Hortico PO from Zerodha?

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How to apply for Harshdeep Hortico IPO from Angle One?

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