Harshdeep Hortico Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹32(71.11%)
Premium (ELP)
Having completed its public offering, Harshdeep Hortico Limited's is now listed and trading on the BSE exchange as of Feb 05, 2024. The IPO raised cumulative capital of 42,42,000 Shares, including 42,42,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹42 to ₹45 and minimum investment requirement of 3000 shares. subscription activity between Jan 29, 2024 and Jan 31, 2024 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Feb 01, 2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Harshdeep Hortico Limited designs, manufactures, and supplies a wide range of indoor and outdoor planters, including plastic, FRP, illuminated, and eco-series planters, along with garden accessories like hose pipes and water canisters. Recently, the company expanded into roto-molded outdoor furniture. With two manufacturing facilities in Bhiwandi and Pune, covering a total area of over 133,000 sq. ft., it operates three retail stores in Delhi, Pune, and Rajahmundry, and has four distributors in Hyderabad, Kolkata, Chandigarh, and Visakhapatnam. The company sells products across 27 Indian states and internationally in markets like Djibouti, East Africa, the UK, and Nepal, with a growing online presence on Amazon, Flipkart, and social media. As of September 30, 2023, Harshdeep Hortico had over 125 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Hitesh Chunilal Shah
Harshdeep Hortico Limited
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