Harshdeep Hortico Limited IPO
- IPO Date29 Jan, 2024 to 31 Jan, 2024
- Listing Date05 Feb, 2024
- Face Value₹10 per share
- Issue Price₹42 to ₹45 per share
- Lot Size3000 Shares
- Minimum Investment₹1,35,000
- Listing AtBSE SME
- Total Issue Size42,42,000 Shares
(aggregating up to ₹19.09 Cr) - Fresh Issue42,42,000 Shares
(aggregating up to ₹19.09 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,18,52,060
- Shareholding post issue1,60,94,060
IPO Dates
Closing Date
31 Jan, 2024
Initiation of Refunds
02 Feb, 2024
Listing Date
05 Feb, 2024
29 Jan, 2024
Opening Date
01 Feb, 2024
Basis of Allotment
02 Feb, 2024
Credit of Shares
Harshdeep Hortico Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,35,000 |
| HNI (Min) | 2 | 6000 | ₹2,70,000 |
| Retail (Max) | 1 | 3000 | ₹1,35,000 |
Harshdeep Hortico Limited Promoter Holding
Mr. Hitesh Chunilal Shah is the promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.38% | 71.72% |
Harshdeep Hortico Limited COMPANY INFORMATION
Harshdeep Hortico IPO is a book built issue of Rs 19.09 crores. The issue is entirely a fresh issue of 42.42 lakh shares. Harshdeep Hortico IPO bidding started from January 29, 2024 and ended on January 31, 2024. The allotment for Harshdeep Hortico IPO was finalized on Thursday, February 1, 2024. The shares got listed on BSE SME on February 5, 2024. Harshdeep Hortico IPO price band is set at ₹42 to ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000. Hem Securities Limited is the book running lead manager of the Harshdeep Hortico IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Harshdeep Hortico IPO is Hem Finlease. Refer to Harshdeep Hortico IPO RHP for detailed information.
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 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.
FAQs About Harshdeep Hortico Limited Ipo
Harshdeep Hortico Limited IPO will open on 29 Jan, 2024 and close on 31 Jan, 2024. Investors must apply within this period to participate.
The Harshdeep Hortico Limited IPO price band is set between ₹42.00 and ₹45.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹135000.00.
The Harshdeep Hortico Limited IPO shares are expected to be listed on 05 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Harshdeep Hortico Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Harshdeep Hortico Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.