Harshdeep Hortico Limited designs, manufactures, and supplies pots and planters for indoor and outdoor use.
The company’s product portfolio includes indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, eco-series planters, etc. and related accessories such as garden hose pipes and water canisters.
Recently, the company also entered in the field of Roto Moulded Outdoor Furniture.
Harshdeep Hortico has two manufacturing facilities in Bhiwandi and Pune with an area of approximately 93769 sq. ft. and 40000 sq. ft. respectively. The company has three stores in Delhi, Pune (Maharashtra) and Rajahmundry (Andhra Pradesh) and four distributors in Hyderabad, Kolkata, Chandigarh and Visakhapatnam. The company also has an online presence via Amazon and Flipkart as well as social media platforms such as Facebook and Instagram.
The company’s customers come from 27 states and union territories in India as well as overseas countries such as Djibouti, East Africa, the United Kingdom, Nepal, etc.
As on September 30, 2023, the company had over 125 employees.
Harshdeep Hortico IPO – Details
| IPO Opening Date | 29 January 2024 |
| IPO Closing Date | 31 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 42,42,000 Shares Worth ₹19.09 Crore Fresh Issue: 42,42,000 Shares Worth ₹19.09 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹42 – ₹45 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Harshdeep Hortico IPO – Date Schedule
| IPO Open Date | 29 January 2024 |
| IPO Close Date | 31 January 2024 |
| Basis of Allotment | 01 February 2024 |
| Initiation of Refund | 02 February 2024 |
| Credit of Shares to Demat Account | 02 February 2024 |
| IPO Listing Date | 05 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 31, 2024 |
Harshdeep Hortico IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,35,000 |
| Retail (Maximum) | 1 | 3000 | 1,35,000 |
| HNI (Minimum) | 2 | 6000 | 2,70,000 |
Competitive Strengths
- Diverse range of products across consumer preferences.
- Consistent focus on Quality.
- Revenue from multiple geographies.
- In-house Manufacturing capabilities.
- Experienced and Qualified Management.
Company Promoters
- Mr. Hitesh Chunilal Shah
Object Of The 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | – | – | – | – |
| 31 July 2023 | 14.82 | 12.45 | 1.77 | 6.36 |
Harshdeep Hortico IPO Promoter Holding
| Pre Issue Share Holding | 97.38% |
| Post Issue Share Holding | 71.72% |
Harshdeep Hortico IPO Prospectus
- Harshdeep Hortico IPO DRHP
- Harshdeep Hortico IPO RHP
Company Contact Information
| Harshdeep Hortico Limited Building No.1 Shree Sai Logistics, Survey No.18/2E 18/2P 17/2A, 17/2B Part, Elkunde, Bhiwandi, Thane – 421302 Phone: +91-94245-04224 Email: cs@harshdeepindia.com Website: https://harshdeepindia.com/ |
Megatherm Induction IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: harshdeephortico.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Harshdeep Hortico IPO Lead Manager(s)
| 1. Hem Securities Limited |
Harshdeep Hortico IPO FAQs
| What is Harshdeep Hortico IPO? Harshdeep Hortico IPO is a SME IPO. The issue is priced at ₹42 – ₹45 per equity share. The IPO is to be listed on BSE SME. |
| When Harshdeep Hortico IPO will open? The IPO is to open on 29 January 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Harshdeep Hortico IPO? You can apply Harshdeep Hortico IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Harshdeep Hortico IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Harshdeep Hortico”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Harshdeep Hortico IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Harshdeep Hortico”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Harshdeep Hortico IPO Size? Harshdeep Hortico IPO size is ₹19.09 crores. |
| What is Harshdeep Hortico IPO Price Band? Harshdeep Hortico IPO Price Band is ₹42 – ₹45. |
| What is Harshdeep Hortico IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,35,000 amount while the maximum bid is 3000 shares with ₹1,35,000. |
| What is the Harshdeep Hortico IPO Allotment Date? Harshdeep Hortico IPO allotment date is 01 February 2024. |
| What is the Harshdeep Hortico IPO Listing Date? Harshdeep Hortico IPO listing date is 05 February 2024. The IPO is to list on BSE SME. |
