Harshdeep Hortico IPO, Review, IPO Performance by IPOPlatform India

About Harshdeep Hortico

Company Information

Harshdeep Hortico Limited is primarily engaged in designing, developing, manufacturing, and supplying a variety of pots and planters, including plastic indoor planters, outdoor planters, illuminated planters, decorative planters, roto-molded planters, fiber-reinforced plastic (FRP) planters, and eco-series planters, along with related accessories such as garden hose pipes and water cans. Recently, the company has also ventured into the production of roto-molded outdoor furniture. Incorporated in December 2022, the company originated from the proprietorship concern "M/s Harshdeep Agro Products," established by the promoter, Hitesh Chunilal Shah, who was involved in designing and manufacturing quality pots and planters. Subsequently, the business operations of the proprietorship were taken over by the company through a Business Purchase Agreement executed on April 3, 2023, which included the acquisition of all know-how,

Object of 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 SME IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Feb, 2024

IPO Size :

19.09 Cr.

Market Cap :

72.42 Cr.

IPO Subscription :

131.69 X

PE Multiple :

13.62

Merchant Banker :
Hem Securities Limited

IPO Registrar:
Link Intime India Private Limited

FAQs

1. What is Harshdeep Hortico IPO?

Harshdeep Hortico operates in Engineering - EPC and EPC Contractor. The Issue is listed on BSE SME in Feb, 2024. Harshdeep Hortico IPO size was 19.09 Cr. with Issue price of 45.00 .

2. Who is the merchant banker of Harshdeep Hortico IPO?

Merchant Banker(s) of Harshdeep Hortico IPO: Hem Securities Limited

3. How many times Harshdeep Hortico IPO was subscribed?

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.

4. What is the listing price of Harshdeep Hortico IPO?

Harshdeep Hortico IPO listed at a listing price of 66.50 against the offer price of 45.00.

5. What is the current market price of Harshdeep Hortico IPO?

The current market price of Harshdeep Hortico is 65.30.

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Harshdeep Hortico Limited IPO (Harshdeep Hortico IPO) Details

Financial Summary (at the time of ipo, on annualised basis)

Pricing Report

Performance Report (CAGR* wise)

About Harshdeep Hortico

Company Information

Object of Issue

Harshdeep Hortico SME IPO Details (at the time of IPO)

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