Harshdeep Hortico Limited IPO is set to launch on 29 January, 2023. The company is involved in the business of supplying plants and pots to outdoor and indoor usage. The product portfolio of the company includes outdoor planters, indoor plastic planters, decorative planters, illuminated planters, fibre-reinforced plastic planters, rotomolded planters, eco-series planters etc. It also began a new line of business with the introduction of Roto Moulded Outdoor Furniture. It has 2 manufacturing facilities in Bhiwandi and Pune. The comedy has 3 stores in Maharashtra, Delhi and Rajahmundry. It also has 4 distributors in Kolkata, Chandigarh, Hyderabad and Viskahapatnam. The sales are also done online through various platforms such as Facebook, Instagram, Flipkart and Amazon. The current employee base of the company is 125 people.
Harshdeep Hortico Limited IPO DETAILS
Harshdeep Hortico Limited IPO is set to launch on 29 January, 2023. The subscription timeline extends till 31 January, 2023. The size for the IPO is 19.09 Crore Rs. Shares issued through fresh issue mode are worth Rs 19.09 Crore. No shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 42 Rs to 45 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Harshdeep Hortico Limited IPO
| IPO OPENING DATE | 29 January, 2023 |
| CLOSING DATE FOR IPO | 31 January, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 42 Rs to 45 Rs per share |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 19.09 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 19.09 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 5 February, 2023 |
Harshdeep Hortico Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 29 January, 2023 |
| CLOSING DATE FOR IPO | 31 January, 2023 |
| IPO ALLOTMENT DATE | 1 February, 2023 |
| REFUNDS | 2 February, 2023 |
| DEMAT A/C CREDITED ON | 2 February, 2023 |
| IPO LISTING DATE | 5 February, 2023 |
Harshdeep Hortico Limited IPO begins for subscription from 29 January 2023. The IPO subscription would continue till 31 January, 2023. The allotment status for the shareholders who applied would come on 1 February, 2023. The refunds for the ones who did not get allotment would be initiated on 2 February, 2023. The DEMAT accounts of shareholders would be credited on 2 February, 2023. The listing of the company would be completed on 5 February, 2023.
Harshdeep Hortico Limited IPO : Lead Managers
The lead managers are :
- Hem Securities Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 135000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 270000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 135000 Rs. |
| Maximum | 6000 shares | 270000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | July 2023 | March 2023 | |
| Asset | 3059 | 4.89 | |
| Revenue | 1482 | – | |
| PAT | 177.24 | -0.27 |
Harshdeep Hortico Limited had an asset base of 4.89 Lakh Rs in March 2023. However the asset base of the company boosted to 3059 Lakh Rs in July 2023. The revenue of the company was 1482 Lakh Rs in 2023 July. Also the profit of the firm was 177.24 Lakh Rs in July 2023 after a loss of 27000 Rs. was recorded in March 2023.
PROS
- The product portfolio of the company includes outdoor planters, indoor plastic planters, decorative planters, illuminated planters, fibre-reinforced plastic planters, rotomolded planters, eco-series planters etc.
- It also began a new line of business with the introduction of Roto Moulded Outdoor Furniture. It has 2 manufacturing facilities in Bhiwandi and Pune.
- The comedy has 3 stores in Maharashtra, Delhi and Rajahmundry. It also has 4 distributors in Kolkata, Chandigarh, Hyderabad and Viskahapatnam.
- The sales are also done online through various platforms such as Facebook, Instagram, Flipkart and Amazon.
- The current employee base of the company is 125 people.
Harshdeep Hortico Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Harshdeep Hortico Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
