Harshdeep Hortico IPO

Harshdeep Hortico IPO will open for subscription from 29 January 2024. The company aims for an issue size of ₹19.09 Cr through this IPO.

Company Overview

Full nameHarshdeep Hortico Limited
SectorPlastic Products
IndustryPlastic Products
Company Websitehttps://harshdeepindia.com/

About Company

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.

The Objectives 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 Timetable

IPO Opening date29 January 2024
IPO Closing31 January 2024
Basis of Allotment01 February 2024
Initiation Refund02 February 2024
Credit to Demat Account02 February 2024
Listing Date05 February 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 31, 2024)

Harshdeep Hortico IPO details

Issue typeBook Built Issue IPO
IPO issue size₹19.09 Cr – 4,242,000 shares
Fresh Issue₹19.09 Cr – 4,242,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹42 to ₹45 per share
Lot size3000 Shares
Market Maker portion216,000 shares
Shareholding pre-issue11,852,060
Shareholding post-issue16,094,060
Listing ExchangeBSE SME

Harshdeep Hortico IPO Lot Size

Retail (Min)13000₹135,000
Retail (Max)13000₹135,000
HNI (Min)26,000₹270,000

Harshdeep Hortico IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,206,000 (33.11%)
Market Maker Shares Offered216,000 (5.93%)
QIB Shares Offered204,000 (5.60%)
NII (HNI) Shares Offered606,000 (16.64%)
Retail Shares Offered1,410,000 (38.71%)
Total Shares Offered3,642,000 (100%)

Harshdeep Hortico Financial Performance

 FY 20234M FY 2024
Net income(0.27)177.24
(Amount in ₹ Lakhs)

Harshdeep Hortico Valuations & Margins

FY 20234M FY 2024
PE ratio28 – 30
RONW (%)13.37
ROCE (%)0.0012.28
EBITDA (%)19.27

Company Promoters

  • Mr. Hitesh Chunilal Shah

Promoter Holding

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

Harshdeep Hortico IPO Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com

Harshdeep Hortico Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: harshdeephortico.ipo@linkintime.co.in
Website: www.linkintime.co.in

Harshdeep Hortico Contact Details

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: cs@harshdeepindia.com
Website: www.harshdeepindia.com

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.

Final thoughts

Harshdeep Hortico IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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