HARSHDEEP HORTICO (BSE SME)
Jan 29, 2024 - Jan 31, 2024
| Price | ₹42 - ₹45 |
| Premium | ₹32 |
|---|---|
| Lot size | 3000 |
| Allotment | Feb 1, 2024 |
| Listing | Feb 5, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 135000 | 370 |
| HNI | 2 | 6000 | 270000 | 202 |
Last updated on 31 Jan 2024 | 05:52:07 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 204000 | 43560000 | 213.53 |
| HNIs | 606000 | 110475000 | 182.3 |
| Retail | 1410000 | 138528000 | 98.25 |
| Total | 2220000 | 292563000 | 131.79 |
| Total Application : 53,805 | |||
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹11.01 | @8% ₹12.59 | @9% ₹14.16 | @10% ₹15.73 | @11% ₹17.31 | @12% ₹18.88 |
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.
Harshdeep Hortico IPO Details
| Issue Size | 4,242,000 shares (aggregating up to ₹19.09 Cr) |
| Fresh Issue | 4,242,000 shares (aggregating up to ₹19.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 11,852,060 |
| Share holding post issue | 16,094,060 |
| Market Maker portion | 216,000 shares Hem Finlease |
Harshdeep Hortico IPO Reservation
Harshdeep Hortico IPO offers 3,642,000 shares. 204,000 (5.60%) to QIB, 606,000 (16.64%) to NII, 1,410,000 (38.71%) to RII and 1,206,000 (33.11%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,206,000 (33.11%) |
| Market Maker Shares Offered | 216,000 (5.93%) |
| QIB Shares Offered | 204,000 (5.60%) |
| NII (HNI) Shares Offered | 606,000 (16.64%) |
| Retail Shares Offered | 1,410,000 (38.71%) |
| Shares Offered | 3,642,000 (100%) |
Harshdeep Hortico IPO Anchor Investors Details
Harshdeep Hortico IPO raises Rs 5.43 crore from anchor investors. Harshdeep Hortico IPO Anchor bid date is January 25, 2024. Harshdeep Hortico IPO Anchor Investors list
| Bid Date | January 25, 2024 |
| Shares Offered | 1,206,000 |
| Anchor Portion Size (In Cr.) | 5.43 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 14, 2024 |
Harshdeep Hortico IPO Lead Manager(s)
- Hem Securities Limited
Key Performance Indicator
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0 | 3.3 |
| P/E (x) | 0 | 13.62 |
Company Financials
Harshdeep Hortico Limited Financial Information (Restated)
| Period | Jul 2023 | Mar 2023 |
| Assets | 3,059.49 | 4.89 |
| Revenue | 1,482.84 | |
| Profit | 177.24 | -0.27 |
| Net Worth | 1,325.82 | 4.73 |
| Reserves | 1,318.85 | -0.27 |
| Borrowing | 636.82 | |
| Amount in ₹ Lakhs |
Harshdeep Hortico IPO Lead Manager(s)
- Hem Securities Limited
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: harshdeephortico.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html