Harshdeep Hortico Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

29 Jan 2024

Close Date

31 Jan 2024

Allotment

01 Feb 2024

Listing Date

05 Feb 2024

Exchange

BSE SME

Price Band

₹45

Listing Price

See chart

Allotment Status

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Price Band

₹45

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

42,42,000 shares (aggregating up to ₹19.09 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹135,000

1 lot

Pre-IPO Holding

1,18,52,060 shares

Promoters

Post-IPO Holding

1,60,94,060 shares

Promoters

P/E (Post)

13.62x

EPS (Pre)

₹0.00

EPS (Post)

₹3.30

UPI Deadline

2024-01-31

Mandate

Anchor AllotmentSun, 28 Jan 2024

Basis of AllotmentThu, 01 Feb 2024

Refund InitiationFri, 02 Feb 2024

Demat CreditFri, 02 Feb 2024

Listing DayMon, 05 Feb 2024

UPI Mandate Deadline2024-01-31

Sale TypeFresh Capital

Net Offer to Public40,26,000 shares (aggregating up to ₹18.12 Cr)

Market Maker Quota2,16,000 shares (aggregating up to ₹0.9720 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Harshdeep Hortico Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 31 Jan 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	216,000	—	₹0.97
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,242,000	100%	₹19.09

IPO Shares Offered

Harshdeep Hortico Ltd IPO total issue size: ₹19.09 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	216,000	₹0.97	5.09%
Total	4,242,000	₹19.09	100.00%

* Based on upper price band ₹45 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹45.00

Upper Band

Min Investment

₹135,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹270,000
Retail (Max — 13 Lots)	13	39,000	₹1,755,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,890,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,180,000

* Issue Price ₹45 × Lot Size 3,000 shares

IPO Schedule

Anchor

28 Jan 2024

✓ Done

IPO Open

29 Jan 2024

✓ Done

IPO Close

31 Jan 2024

✓ Done

Allotment

01 Feb 2024

✓ Done

Refunds

02 Feb 2024

✓ Done

Demat Credit

02 Feb 2024

✓ Done

Listing Day

05 Feb 2024

✓ Done

₹45.00

INR · BSE

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Issue ₹45.00 Live Price

About Harshdeep Hortico Ltd

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.

Objects 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 Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

FY 2022-23

N/A

31 Mar 2023

₹1,482.8

31 Jul 2023

Profit After Tax (PAT)

N/A

FY 2022-23

-₹0.3

31 Mar 2023

₹177.2

31 Jul 2023

Particulars	31 Jul 2023	31 Mar 2023	FY 2022-23
Revenue from Operations	1482.84	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	177.24	-0.27	N/A
Net Worth	1325.82	4.73	N/A
Total Assets	3059.49	4.89	N/A
Reserves & Surplus	1318.85	-0.27	N/A
Borrowings	636.82	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered42,42,000 (100.00%)

Net Offer to Public40,26,000 shares (aggregating up to ₹18.12 Cr)

Reserved for Market Maker2,16,000 shares (aggregating up to ₹0.9720 Cr)

Pre-Issue Promoter Holding1,18,52,060 shares

Post-Issue Promoter Holding1,60,94,060 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd

+91-22-4918 6270

harshdeephortico.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

Hem Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Harshdeep Hortico Ltd IPO subscribed? ▲

Harshdeep Hortico Ltd IPO is subscribed 1.00 times by Jan 31, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Harshdeep Hortico Ltd IPO retail subscription status? ▼

The Harshdeep Hortico Ltd IPO retail category is subscribed 1.00 times as of 31 Jan 2024. The retail portion is oversubscribed.

How to subscribe Harshdeep Hortico Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 29 Jan 2024 and closes 31 Jan 2024. Min investment: ₹135,000 (1 lot = 3,000 shares). UPI mandate: 2024-01-31.

How many times Harshdeep Hortico Ltd IPO subscribed? ▼

The Harshdeep Hortico Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Harshdeep Hortico Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Feb 2024. Refunds: on 02 Feb 2024.

When Harshdeep Hortico Ltd IPO will be listed? ▼

The Harshdeep Hortico Ltd IPO listing date is 05 Feb 2024, Monday. Listed on: BSE SME. Issue price: ₹45. Estimated listing: ₹45. GMP: NIL.

When Harshdeep Hortico Ltd IPO close? ▼

The Harshdeep Hortico Ltd IPO closes on 31 Jan 2024, Wednesday. UPI mandate: 2024-01-31. Allotment: 01 Feb 2024. Listing: 05 Feb 2024.

Quick Actions

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Live Price LIVE

Last Price₹45.00

Change—

Issue Price₹45.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹45

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹135,000

GMPNIL

Est. Listing₹45

Subscribed1.00x

Open Date29 Jan 2024

Close Date31 Jan 2024

Allotment01 Feb 2024

Listing Date05 Feb 2024

ExchangeBSE SME

UPI Deadline2024-01-31