Harshdeep Hortico IPO GMP, Details, Date, Price, Allotment 2024

Harshdeep Hortico IPO description – Harshdeep Hortico Limited is coming up with its Initial public offering. The IPO will be open for subscription on January 29, 2024

 

Harshdeep Hortico IPO – Details

 

 

IPO Open Date 29 January 2024
IPO Close Date 31 January 2024
Issue Type Book Built Issue IPO
Issue Size 42,42,000 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 Lot 3000 Shares
Minimum Order 3000 Shares (1 Lot)
Listing At BSE SME
Register Link Intime India Private Ltd
Retail Shares Offered 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%

 

Harshdeep Hortico IPO – Date Schedule

 

IPO Opening Date 29 January 2024
IPO Closing Date 31 January 2024
Finalization of Basis of Allotment 01 February 2024
Refunds Initiation 02 February 2024
Transfer of shares to demat accounts 02 February 2024
Listing Date of IPO 05 February 2024

 

Harshdeep Hortico IPO – About Company 

 

Harshdeep Hortico Limited specializes in the design, manufacturing, and supply of pots and planters suitable for both indoor and outdoor settings.

The company’s diverse product portfolio encompasses various offerings, including indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, and eco-series planters. Additionally, they provide related accessories like garden hose pipes and water canisters. In a recent development, the company has expanded its expertise into the realm of Roto Moulded Outdoor Furniture.

Harshdeep Hortico operates from two manufacturing facilities, spanning approximately 93,769 sq. ft. in Bhiwandi and 40,000 sq. ft. in Pune. The company maintains three physical stores located in Delhi, Pune (Maharashtra), and Rajahmundry (Andhra Pradesh), along with four distributor outlets in Hyderabad, Kolkata, Chandigarh, and Visakhapatnam. Their products are also available online through platforms like Amazon and Flipkart, as well as on popular social media channels such as Facebook and Instagram.

Catering to a widespread clientele, Harshdeep Hortico serves customers from 27 states and union territories in India, in addition to international markets such as Djibouti, East Africa, the United Kingdom, Nepal, and more.

As of September 30, 2023, the company boasts a workforce of over 125 employees.

Harshdeep Hortico IPO GMP, Details
Harshdeep Hortico IPO GMP, Details

Harshdeep Hortico IPO – Industry Overview 

 

India is an attractive hub for foreign investments in the manufacturing sector. Several mobile phone, luxury and automobile brands, among others, have set up or are looking to establish their manufacturing bases in the country. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025.

The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 2.5 trillion along with a population of 1.32 billion people, which will be a big draw for investors. The Indian Cellular and Electronics Association (ICEA) predicts that India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to US$ 100 billion by 2025 through policy interventions.

 

Harshdeep Hortico IPO Financial Performance

 

  FY 2023 4M FY 2024
Revenue 1,481.05
Expenses 0.27 1,245.98
Net income (0.27) 177.24

Figures in INR Lakhs

 

Harshdeep Hortico IPO – Valuations & Margins

 

FY 2023 4M FY 2024
EPS 1.50
PE ratio 28 – 30
RONW (%) 13.37
NAV 0.04 11.19
ROCE (%) 0.00 12.28
EBITDA (%) 19.27
Debt/Equity 0.48

 

Harshdeep Hortico IPO – Prospectus

 

 

Harshdeep Hortico IPO 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.

 

Harshdeep Hortico IPOObject 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 GMP Today

 

Date Day-wise IPO GMP Kostak Subject to Sauda
Coming soon

 

Harshdeep Hortico IPO – Allotment Status

Harshdeep Hortico IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

Harshdeep Hortico IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 3000 1,35,000
Retail (Max) 1 3000 1,35,000
HNI (Min) 2 6000 2,70,000

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