Harshdeep Hortico Limited IPO (Harshdeep Hortico IPO)

Harshdeep Hortico Limited IPO
Upcoming Harshdeep Hortico IPO | New Harshdeep Hortico IPO

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

Harshdeep Hortico IPO – Details

IPO Opening Date29 January 2024
IPO Closing Date31 January 2024
Issue TypeBook Built Issue IPO
Issue Size42,42,000 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 Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtBSE SME
RegisterLink Intime India Private Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Harshdeep Hortico IPO – Date Schedule

IPO Open Date29 January 2024
IPO Close Date31 January 2024
Basis of Allotment01 February 2024
Initiation of Refund02 February 2024
Credit of Shares to Demat Account02 February 2024
IPO Listing Date05 February 2024
Cut-off time for UPI mandate confirmation5 PM on Jan 31, 2024

Harshdeep Hortico IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)130001,35,000
Retail (Maximum)130001,35,000
HNI (Minimum)260002,70,000

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.
Harshdeep Hortico IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2023
31 July 202314.8212.451.776.36
Amount in ₹ Crore

Harshdeep Hortico IPO Promoter Holding

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

Harshdeep Hortico IPO Prospectus

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

Megatherm Induction IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: harshdeephortico.ipo@linkintime.co.in

Harshdeep Hortico IPO Lead Manager(s)

1. Hem Securities Limited

Harshdeep Hortico IPO FAQs

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.
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