Harshdeep Hortico Limited IPO

29 Jan 2024 - 31 Jan 2024 Individual Category SME IPO NSE

Min Investment

₹252000

Price Band

₹42-₹45

Issue Size

42.42 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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29 Jan 2024

Open Date

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31 Jan 2024

Close Date

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01 Feb 2024

Allotment Date

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05 Feb 2024

Listing Date

Harshdeep Hortico Limited IPO 2024 is open for subscription from Monday, January 29, 2024 and will close on Wednesday, January 31, 2024. The price band is set at Rs 42 to Rs 45 per share. The minimum lot size of this application for the retail category is 3000 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 6000 shares. The minimum amount of investment required for retail category investors is Rs 1,35,000. (45 x 3000 shares). However for HNI category the minimum investment amount is required Rs 2,70,000 (45 x 6000 shares). Harshdeep Hortico Limited IPO 2024 is a book-built issue of Rs 19.09 crores. The issue is an entirely fresh issue of 42.42 lakh equity shares. The allotment for this IPO is expected to be finalized on Thursday, February 1, 2024. Harshdeep Hortico IPO will list on BSE SME and listing date fixed on Monday, February 5, 2024.  The book running lead manager of Harshdeep Hortico Limited is Hem Securities Limited. The registrar for this IPO is Link Intime India Private Limited. The market maker for the Harshdeep Hortico Limited IPO is Hem Finlease.

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About Harshdeep Hortico Limited Ipo

Harshdeep Hortico is engaged in the business of designing, developing, manufacturing and supplying pots and planters for indoor and outdoor use. Company supplies various types of pots and planters like plastic indoor planters, Outdoor planters, Decorative planters, Illuminated planters, Roto moduled planters, Fiber Reinforced plastic planters etc.The company’s portfolio includes 500 different variants of pots, planters and related accessories. Currently, Harshdeep has two manufacturing units situated in Bhiwandi and Pune with an area of approximately 93,769 sq. feet and 40,000 sq. feet respectively. Furthermore, the company had three stores located in Delhi, Pune and Rajahmundry (Andhra Pradesh). It had distributors in Hyderabad, Kolkata, Chandigarh and Visakhapatnam. The company had an online presence via Amazon and Flipkart. The customer base is good and comes all over India and other overseas countries such as the UK, Nepal etc.

Founded

2022

Managing Director

Hitesh Chunilal Shah

Parent Organization

IPO Objectives

Harshdeep Hortico Limited IPO will help the company to raise funds from which it will repay its debt. Also, they will look for prepayments of borrowings. Other than this, the net proceeds from the issue will be utilized to meet the working capital requirements. Moreover, the funds will be used for the General corporate purposes like capital expenditure, acquisitions etc will also meet by net proceedings.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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