Harshdeep Hortico Ltd IPO

Harshdeep Hortico Ltd IPO

Harshdeep Hortico Limited is primarily engaged in the business of designing, developing, manufacturing and supplying of various types of pots and planters like: plastic Indoor Planters, Outdoor Planters, Illuminated Planters, Decorative Planters, Roto Moulded Planters, Fiber Reinforced Plastic (FRP) Planters, Eco series Planters etc. along with related accessories like Garden Hose Pipe & Water Can. Our company was incorporated in December 2022, prior to which our Promoter, Hitesh Chunilal Shah was carrying on the business operations as a proprietorship concern under the name of M/s Harshdeep Agro Products to design and manufacture quality pots and planters.

Harshdeep Hortico Ltd IPO Details

Total Shares Offered

₹ 42,42,000

Offer to Public

TBA

Retail Max (Shares)

₹ 14,10,000

Pre Issue Promoters Holding

₹ 1,13,69,430

Exchange

BSE

Issue size

₹ 19.09 Cr

IPO Open Date

Jan 29, 2024

Close Date

Jan 31, 2024

Lot Size

3000

Min Investment

₹ 1,26,000

Issue Type

Book Building - SME

Listing Date

Feb 5, 2024

Harshdeep Hortico Ltd IPO Dates

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Jan 29, 2024
Opening date
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Jan 31, 2024
Closing date
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Feb 1, 2024
Basis of Allotment
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Feb 2, 2024
Initiation of Refunds
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Feb 2, 2024
Credit of Shares
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Feb 5, 2024
Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Harshdeep Hortico Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations14.9610.210.00
EBITDA18.5111.700.00
PAT9.706.550.00
Total Assets40.9731.420.05
Share Capital16.0916.090.05
Total Borrowings2.046.650.00
Operating Activities (Net Cash)13.258.040.00
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)2.046.650.00
Net Cashflow2.211.750.05

About Harshdeep Hortico Ltd

The Company was originally incorporated as a Limited Company under the name Harshdeep Hortico Limited on December 30, 2022 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Mumbai, Maharashtra bearing CIN U26994MH2022PLC396421. Later, on April 03, 2023, the Company took over the business of proprietorship concern of the promoter Hitesh Chunilal Shah, namely M/s Harshdeep Agro Products along with the assets and liabilities of the proprietorship concern as going concern.

Indian real estate developers operating in the country's major urban centres are poised to achieve a significant feat in 2023, with the completion of approximately 558,000 homes. As flowers are considered a sign of grace and elegance and hold spiritual and emotional value, the scope of floriculture in the commercial industry is undeniable. Unlike last many decades, the industry is thriving and making a separate space in the international market too. Although flowers have been an integral part of Indian culture and tradition, the industry is still new to the marketplace and the customers.

Harshdeep Hortico Limited is primarily engaged in the business of designing, developing, manufacturing and supplying of various types of pots and planters like: plastic Indoor Planters, Outdoor Planters, Illuminated Planters, Decorative Planters, Roto Moulded Planters, Fiber Reinforced Plastic (FRP) Planters, Eco series Planters etc. along with related accessories like Garden Hose Pipe & Water Can. Our company was incorporated in December 2022, prior to which our Promoter, Hitesh Chunilal Shah was carrying on the business operations as a proprietorship concern under the name of M/s Harshdeep Agro Products to design and manufacture quality pots and planters.

Peer Comparison:

  • No Listed Industry Peers

Harshdeep Hortico Ltd Key Points

Strengths

Diverse range of products across consumer preferences.

Consistent focus on Quality.

Revenue from multiple geographies.

In-house Manufacturing capabilities.

Experienced and Qualified Management.

Risk

The company is generate its major portion of sales from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

The company is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials. Any disruption in the supply of the raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.

The company has very short span of operating history as company.

Strategy

Continue to improve quality standards.

Increasing its geographical presence in existing and new markets.

Maintaining cordial relationship with its customers and suppliers.

Continue to strengthen its existing product portfolio and diversify into new products.

How To Apply for Harshdeep Hortico Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Harshdeep Hortico Ltd IPO?

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Harshdeep Hortico Ltd's IPO offers shares for up to 19.09 It begins on Jan 29, 2024 and ends on Jan 31, 2024.

What is the price of the Harshdeep Hortico Ltd IPO?

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The price of Harshdeep Hortico Ltd IPO ranges between ₹42 to ₹45 per share.

What are the open and close dates for the Harshdeep Hortico Ltd IPO?

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The Harshdeep Hortico Ltd IPO opens on Jan 29, 2024 and closes on Jan 31, 2024.

When will the Harshdeep Hortico Ltd IPO be allotted?

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The allotment for the Harshdeep Hortico Ltd IPO will be finalised on Feb 1, 2024. The shares will be listed on BSE and NSE on Feb 5, 2024.

What is the minimum lot size required for Harshdeep Hortico Ltd IPO?

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The minimum lot size for Harshdeep Hortico Ltd IPO is 3000 shares, priced between ₹42 to ₹45 per share.

What is the GMP of Harshdeep Hortico Ltd IPO?

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The GMP (Grey Market Premium) of Harshdeep Hortico Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Harshdeep Hortico Ltd IPO?

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To check the allotment status of Harshdeep Hortico Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Harshdeep Hortico Ltd IPO getting listed?

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The Harshdeep Hortico Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 29, 2024, and closes on Jan 31, 2024. The allotment is finalised on Feb 1, 2024.

How do you apply for the Harshdeep Hortico Ltd IPO?

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To apply for the Harshdeep Hortico Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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