Harshdeep Hortico IPO date, price and allotment Date

Harshdeep Hortico IPO details: It’s an SME IPO seeking to raise up to Rs19.09 crores by issuing 4,242,000 equity shares priced from Rs42 to Rs45 per share with minimum order quantity set at 3000 shares

scheduled to be open on January 25, 2024 and close on January 30, 2024 with proposed listing on BSE SME as an exchange listing option for these securities.

Harshdeep Hortico IPO

About Harshdeep Hortico

Harshdeep Hortico Limited specialises in designing, manufacturing and supplying pots and planters suitable for indoor and outdoor use. Their diverse product portfolio features:

  • Indoor Plastic Planters: Available in various styles and sizes to complement every interior decor scheme, these versatile planters make indoor planting effortless!
  • Outdoor Planters: Offering long-term durability and weather resistance options suitable for balconies, patios and gardens.
  • Illuminated Planters: Add some sparkle and magic to any room with illuminsated planters! They add the perfect amount of illumination.
  • Roto Moulded Planters: Manufactured from sturdy rotationally-molded plastic material for long-term durability.
  • Fiber Reinforced Plastic (FRP) Planters: They’re light weight and stylish – an attractive solution suitable for both indoor and outdoor use.
  • Eco-series Planters: Crafted from recyclable materials for an eco-conscious option.
  • Garden Accessories: As part of their offering to their customers’ gardens, the business also supplies garden accessories like hose pipes and water cans for customers’ gardens.

Key Strengths:

  • Wide product portfolio: To meet customer demands and preferences.
  • Manufacturing Facilities: Two fully equipped facilities in Bhiwandi and Pune ensure adequate production capacity.
  • Distribute: With offices spanning 27 states and union territories across India as well as exports to various international locations.
  • Experienced Team: Led by an horticulture industry-experienced team.

Harshdeep Hortico: Pros and Cons

ProsCons
Wide product range: Caters to diverse customer needs and preferences.Limited financial history: Recent company with few months of data available, making analysis difficult.
Manufacturing facilities: Two well-equipped facilities ensure production capacity.Moderate profitability: Based on available data, profits appear limited as of July 2023.
Distribution network: Presence in 27 states and exports, indicating market reach.New in outdoor furniture segment: Expansion into new segment may pose challenges.
Experienced team: Expertise in the horticulture industry provides stability.Pre-IPO stage: Limited public information and potential for unknown risks.
Growing market: Increasing demand for gardening supplies bodes well for future growth.Competition: Faces established players in the gardening supplies market.
IPO opportunity: Potential for early investors to participate in company’s growth.Volatility: IPO stocks can be volatile, requiring caution for investment.

Objects of the Issue:

  • Repay and/or pre-pay in full or part certain borrowings taken out by the company
  • Meet Working Capital requirements by meeting Working capital requirements
  • General Corporate Purposes (GCPs)

Harshdeep Hortico IPO Dates & Band Price Details:

IPO Open:January 25, 2024
IPO Close:January 30, 2024
IPO Size:Approx ₹19.09 Crores, 4,242,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹42 to ₹45 Per Equity Share
IPO Listing on:BSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here

Harshdeep Hortico IPO Market Lot

ApplicationLot SizeSharesAmount
Retail Minimum13000₹135,000
Retail Maximum13000₹135,000
S-HNI Minimum26000₹270,000

Harshdeep Hortico IPO Dates and details:

IPO Open Date:January 25, 2024
IPO Close Date:January 30, 2024
Basis of Allotment:January 31, 2024
Refunds: February 1, 2024
Credit to Demat Account: February 1, 2024
IPO Listing Date:February 2, 2024

Harshdeep Hortico Company Financial Report

As of now not much data is available on the internet but you can go through:

Financial status

Limit Profits: According to reports from Chittorgarh, as of July 31, 2023 the company held assets totaling Rs3,059.49 with profits after tax of only Rs177.24; these figures indicate moderate revenues with limited profitability.

Growth Potential: With its expanding customer base and product offering, this company shows signs of financial success for the near future.

As of July 31, 2023:

  • Total Assets: ₹3,059.49
  • Profit After Tax: ₹177.24

Company Promoters

  • Mr. Hitesh Chunilal Shah

Harshdeep Hortico IPO Registrar

CategoryDetails
Company NameLink Intime India Private Ltd
Phone+91-22-4918 6270
Email[email protected]
Websitehttps://linkintime.co.in/m

Harshdeep Hortico Address

CategoryDetails
Company NameHarshdeep Hortico Limited
AddressBuilding 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[email protected]
Websitehttps://harshdeepindia.com/

Frequently asked question FAQs:

What is Harshdeep Hortico IPO Investors Portion?

QIB investors’ share is 50%; for NII it is 15%; retail is 35%.

When Harshdeep Hortico IPO will open?

This Initial Public Offering will open for QIB, NII, and Retail Investors on January 25, 2024.

What is Harshdeep Hortico IPO Size?

Harshdeep Hortico’s initial public offering (IPO) size stands at Rs19.09 crores.

What is Harshdeep Hortico IPO Price Band?

Harshdeep Hortico’s Initial Public Offering Price Band ranges between Rs42 to Rs45 per equity share.

What is Harshdeep Hortico IPO Minimum and Maximum Lot Size?

For this IPO bid of 3000 shares at Rs135,000 each.

What is Harshdeep Hortico IPO Allotment Date?

Harshdeep Hortico’s Initial Public Offering allotment date has been scheduled for January 31, 2024.

What is Harshdeep Hortico IPO Listing Date?

Harshdeep Hortico will list their initial public offering (IPO) on BSE SME on February 2, 2024.

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