Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Harshdeep Hortico IPO is going to open soon. So I will give you complete information about Harshdeep Hortico IPO here on IPO India.
On this article I will inform you about Harshdeep Hortico IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Harshdeep Hortico Limited
Harshdeep Hortico Limited specializes in the design, manufacture and distribution of a wide range of pots and planters suitable for both indoor and outdoor settings.
Their diverse product lineup includes a variety of planters, including indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-molded planters, fiber-reinforced plastic (FRP) planters and eco-series planters. Additionally, the company offers related accessories such as garden hose pipes and water canisters. Recently, they have expanded their product range to include roto molded outdoor furniture.
With manufacturing facilities located in Bhiwandi and Pune, covering approximately 93769 sq ft and 40000 sq ft respectively, Harshdeep Hortico is well equipped to meet the demands of its customers. The company operates three stores in Delhi, Pune (Maharashtra) and Rajahmundry (Andhra Pradesh) with distribution centers in Hyderabad, Kolkata, Chandigarh and Visakhapatnam. To reach a wider audience, the company has established an online presence by maintaining an active profile on popular platforms like Amazon and Flipkart as well as social media platforms like Facebook and Instagram.
Harshdeep Hortico’s clients span 27 states and union territories in India, and they also serve clients in international markets including Djibouti, East Africa, United Kingdom, Nepal. As of September 30, 2023, the company has a workforce of over 125 employees.
Harshdeep Hortico IPO GMP
| Exp. Premium (GMP) | ₹[_] per Share |
About Harshdeep Hortico IPO
Here is some information about Harshdeep Hortico IPO which will help you in making a decision to invest in Harshdeep Hortico IPO. It appears to be a book-built offer with a total value of ₹19.09 crore, including entirely a fresh issue of 42.42 lakh shares.
Summary of the key details
- Issue Size: Rs 19.09 crores
- Offer for Sale: 42.42 Lakhs shares
- Subscription Period: January 29, 2024 to January 31, 2024
- Allotment Date: February 01, 2024
- Listing Date: February 05, 2024
Price Range of Harshdeep Hortico IPO
- ₹42 to ₹45 per share
Lot Size of Harshdeep Hortico IPO
- Minimum Lot: 3000 Shares.
- Minimum Investment for Retail Investors: ₹135,000
Minimum Lot Size Investments for Harshdeep Hortico IPO
- HNI: 2 lots (6000 shares), amounting to ₹270,000
This information provides potential investors with the details they need to participate in the Harshdeep Hortico IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
To Open a trading and demat account in Zerodha
Harshdeep Hortico IPO
| Open Date | January 29, 2024 |
| Close Date | January 31, 2024 |
| Allotment Date | February 01, 2024 |
| Listing Date | February 05, 2024 |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹42-45 Per Equity Share |
| Issue Size | 4,242,000 shares (Aggregating up to ₹19.09 Cr) |
| Market Lot (Min. Amount) | Retail: 3000 Shares (₹135,000/-) |
| Listing at Group(s) | BSE SME |
| Lead Manager | Hem Securities Limited |
| Register | Link Intime India Private Ltd |
| Retail Portion | 35% |
To know more about IPOs.
Valuations of Harshdeep Hortico IPO
| Earnings Per Share (EPS Pre IPO) | ₹-/- |
| Earnings Per Share (EPS Post IPO) | ₹3.3/- |
| P/E Ratio Pre IPO | N/A |
| P/E Ratio Post IPO | 13.62 |
| RoNW | N/A% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Harshdeep Hortico Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jul 2023 | 3,059.49 | 1,482.84 | 177.24 | 1,325.82 | 1,318.85 | 636.82 |
| 31 Mar 2023 | 4.89 | -0.27 | 4.73 | -0.27 | ||
| 31 Mar 2022 | ||||||
| 31 Mar 2021 |
Promoter(s)
| Pre Issue Share Holding | 97.38% |
| Post Issue Share Holding | 71.72% |
Company Promotor(s):-
- Mr. Hitesh Chunilal Shah
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values (Post IPO) | Values (Post IPO) |
|---|---|---|
| P/E (x) | 0 | 13.62 |
| ROE | % | |
| ROCE | % | |
| Debt/ Equity | ||
| EPS (Rs) | 0 | 3.3 |
| RoNW |
Issue Objective(s)
- Repayment and/or Pre-payment in full or part, of certain borrowing availed by the company
- To meet Working Capital requirement
- General Corporate Purpose
Harshdeep Hortico IPO Registrar
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| harshdeephortico.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/initial_offer/public-issues.html |
Harshdeep Hortico IPO Review
Update Soon
Conclusion
In conclusion, the Harshdeep Hortico IPO presents an attractive investment opportunity in the thriving market for pots, planters and outdoor furniture. The company, with its diversified product range and expanding presence both offline and online, has positioned itself to meet the growing demands of consumers not only in India but also in international markets. The IPO with an issue size of ₹19.09 crore will open on January 29, 2024 and close on January 31, 2024, with the listing date scheduled for February 05, 2024.
Investors should note the pricing details, the IPO offers shares in the range of ₹42 to ₹45 per share, and has a minimum lot size of 3000 shares, requiring a minimum investment of ₹135,000 for retail investors. While a company’s financials and valuation should be carefully considered, the fact that it operates in a niche market and has a strong distribution network can make it an attractive proposition. However, as with any investment, it is important for potential investors to do thorough research, consider the risks involved and, if necessary, seek the advice of financial professionals before making investment decisions.
As the Harshdeep Hortico IPO opens a window of opportunity for investors, it is important to be aware of the allotment process that will be finalized on February 1, 2024. The company’s IPO is set to contribute to its growth objectives including repayment. To meet debt, working capital requirements and to address general corporate objectives. As the IPO market evolves, keeping a close eye on updates and reviews will help investors make well-informed decisions.
Harshdeep Hortico IPO FAQs
When Harshdeep Hortico IPO is coming?
The Harshdeep Hortico IPO opens on January 29, 2024 and closes on January 31, 2024.
What is the lot size of Harshdeep Hortico IPO?
Harshdeep Hortico IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
When Harshdeep Hortico IPO Allotment?
The finalization of Basis of Allotment for Harshdeep Hortico IPO will be done on Thursday, February 1, 2024, and the allotted shares will be credited to your demat account by Friday, February 2, 2024.