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Harshdeep Hortico IPO is a book build IPO listing on BSE SME exchange. The company is based in Bhiwandi and caters to Engineering - EPC sector. Hem Securities is the merchant banker of Harshdeep Hortico IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th November -0001.
Harshdeep Hortico IPO open date is 29th January 2024 and close date is 31st January 2024. IPO Allotment Date is 1st February 2024 and Listing date is 5th February 2024.
IPO
Size:
₹19.09
Cr.
Avg IPO Size (Sector Based)
: ₹
31.62 cr.
Sector: Engineering - EPC
SME IPO so far:
20
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Bhiwandi
SME IPO so far:
2
Revenue (annualised):
₹
44.49
cr 
PE
Ratio:
13.62x
Average Sector PE Ratio: 13.10x
Harshdeep Hortico IPO size is Rs 19.09 Cr. crores with IPO price of Rs 45.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Harshdeep Hortico IPO. Link Intime India Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Harshdeep Hortico IPO.
Harshdeep Hortico IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Persistent Growth Fund- | 225,000.00 | ₹45.00 | ₹10,125,000.00 |
| FINAVENUE CAPITAL TRUST | 225,000.00 | ₹45.00 | ₹10,125,000.00 |
| Astrone capital VCC | 252,000.00 | ₹45.00 | ₹11,340,000.00 |
| Zinnia Global Fund | 252,000.00 | ₹45.00 | ₹11,340,000.00 |
| Cognizant Capital Dynamic | 252,000.00 | ₹45.00 | ₹11,340,000.00 |
Harshdeep Hortico IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Harshdeep Hortico IPO, based in Bhiwandi, operates in the Engineering - EPC sector with a focus on EPC contractor. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Harshdeep Hortico IPO size is ₹ 19.09 Cr. Crores with fresh issue size of Rs 19.09 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Harshdeep Hortico IPO is expected to be 1st February 2024, after the finalization of basis of allotment. Investors can check Harshdeep Hortico IPO allotment status on the registrars website, Link Intime India Private Limited. Harshdeep Hortico IPO refund dates are 2nd February 2024.
Harshdeep Hortico IPO is expected to be listed on 5th February 2024.
The upper price band for the Harshdeep Hortico IPO is set at ₹ 45.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Harshdeep Hortico IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Harshdeep Hortico IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 31st January 2024. After submission, funds are blocked until the basis of allotment of Harshdeep Hortico IPO is finalised.
The merchant banker for Harshdeep Hortico IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Harshdeep Hortico IPO RHP for further details.
The registrar for Harshdeep Hortico IPO is Link Intime India Private Limited. Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Harshdeep Hortico IPO through their official website or helpline.
Harshdeep Hortico IPO was subscribed 131.69 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
Harshdeep Hortico IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Harshdeep Hortico Financial Review Page
Merchant Banker(s) of Harshdeep Hortico IPO: Hem Securities Limited
Harshdeep Hortico IPO subscription was 131.69 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Harshdeep Hortico IPO listed at a listing price of 66.50 against the offer price of 45.00.
The current market price of Harshdeep Hortico is 66.55.
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