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 Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-23 | 4.89 | -0.27 | 4.73 | -0.27 | ||||
| 31-Jul-23 | 3,059.49 | 1,482.84 | 177.24 | 1.50 | 1,325.82 | 11.19 | 1,318.85 | 636.82 |
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 Date | Jan 29, 2024 to Jan 31, 2024 |
| Listing Date | Monday, February 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹42 to ₹45 per share |
| Lot Size | 3000 Shares |
| Issue Size | 4,242,000 shares of ₹10 (aggregating up to ₹19.09 Cr) |
| Fresh Issue | 4,242,000 shares of ₹10 (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 |
| Company Promoters | Mr. Hitesh Chunilal Shah |
Harshdeep Hortico IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% 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.
| Event | Date |
| Opening Date | 29 January 2024 (Monday) |
| Closing Date | 31 January 2024 (Wednesday) |
| Basis of Allotment | 1 February 2024 (Thursday) |
| Initiation of Refunds | 2 February 2024 (Friday) |
| Credit of Shares to Demat | 2 February 2024 (Friday) |
| Listing Date | 5 February 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| S-HNI (Min) | 2 | 6000 | ₹270,000 |
Harshdeep Hortico IPO Promoter Holding
The company’s promoters include Mr. Hitesh Chunilal Shah.
| Pre Issue Share Holding | 97.38% |
| Post Issue Share Holding | 71.72% |
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.
| KPI | Values |
| 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 Ratio | 0.48 |
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
| Date | GMP | Kostak | Subject to |
| Today | ₹16 | – | – |
| 31 January 2024 | ₹16 | – | – |
| 30 January 2024 | ₹16 | – | – |
| 29 January 2024 | ₹0 | – | – |
| 28 January 2024 | ₹0 | – | – |
Harshdeep Hortico IPO Detail Video:
link
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.
| Category | Subscription |
| QIB | 213.53x |
| NII | 181.95x |
| Retail | 98.25x |
| Total | 131.69x |
Harshdeep Hortico IPO Prospectus
| Harshdeep Hortico IPO DRHP | Download |
| Harshdeep Hortico IPO RHP | Download |
| Harshdeep Hortico IPO Anchor Investors Details PDF | Download |
Harshdeep Hortico IPO Rating
| Our Rating | 2.0/5.0 |
Harshdeep Hortico Company Contact Information
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.
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