Harshdeep Hortico Limited IPO

Price
₹42 - ₹45
Lot
3000
Subs.
131.69
Expected Listing Earning

Exp. Premium(GMP):
13.00(28.89%)
IPO Details

Open Date: 29-Jan-2024
Close Date: 31-Jan-2024
Allotment Date: 01-Feb-2024
Listing Date: 05-Feb-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹42-45 Per Equity Share
Issue Size: Total Issue Size 4,242,000 shares (aggregating up to ₹19.09 Cr) : Fresh Issue 4,242,000 shares (aggregating up to ₹19.09 Cr)
Market Lot (Min Amount): Retail - ₹135,000 : HNI - ₹270,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved204,000606,0001,410,0002,220,000
Day 1 - 29-01-24 
05:00 PM
8.72x1.44x3.10x3.16x
Day 2 - 30-01-24 
05:00 PM
14.32x17.03x21.46x19.59x
Day 3 - 31-01-24 
05:00 PM
213.53x181.95x98.25x131.69x
Total No. of Application:53,805 (Approx.)
Retail Subscription on the basis of Apps:114.48x
Valuations

Earning Per Share(EPS)₹N/A/-
P/E RatioN/A
RoNWN/A%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,2023   
31 Mar,2022   
31 Mar,2021   
Promoter(s)

Pre Issue Share Holding97.38%
Post Issue Share Holding71.72%
Company Promoter(s)
1. Mr. Hitesh Chunilal Shah
Issue Objective(s)

The company intends to utilize the proceeds of the Issue to meet the following objects:

  1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
  2. To meet Working Capital requirements
  3. General Corporate Purpose
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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