Harshdeep Hortico Limited IPO Details, date, Review, Price

Harshdeep-Hortico-Limited-IPO

OUR BUSINESS

Our 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, our Company took over the business of proprietorship concern of the promoter Hitesh Chunilal Shah, namely M/s Harshdeep Agro Products as per the business purchase agreement dated April 03, 2023, along with the assets and liabilities of the proprietorship concern as ongoing concern.

Currently, we have two manufacturing units, one is situated at Building No.1 Shree Sai Logistics, Survey No.18/2E 18/2P 17/2A, 17/2B Part, Elkunde, Bhiwandi, Thane – 421302, Maharashtra – India, spreading in an area of 93769 sq. ft. and the other one is situated at Gat No. 589, Darekarwadi Road, Boriaind, Daund, Pune -412202, Maharashtra, India, spreading in an area of 40000 sq.ft., along with three stores located in Delhi, Pune (Maharashtra) and Rajahmundry (Andhra Pradesh).

HARSHDEEP HORTICO LIMITED IPO DATE & PRICE BAND DETAILS

IPO Open Date Jan 29, 2024
IPO Close Date Jan 31, 2024
IPO Size ₹19.09 Cr.
IPO Fresh Issue ₹-
Offer For SaleApprox 4,242,000 Equity Share
IPO Face Value ₹10 Per Equity Share
IPO Price Band[42] to ₹[45]. Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota3.08%
IPO QIB Quota2.21%
IPO NII Quota1.06%
IPO DiscountN/A
DRHP DraftClick Here
RHP DraftClick Here
Anchor InvestorClick Here

HARSHDEEP HORTICO LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum--₹-
Retail Maximum--₹-
S-HNI Minimum--₹-
B-HNI Minimum--₹-

OBJECTS OF THE OFFER

Our Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1.  Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company
  2.  To meet Working Capital requirements
  3.  General Corporate Purpose

HARSHDEEP HORTICO LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

Price Band Announcement42-45
Anchor Investor Allotment[.]
IPO Open DateJan 29, 2024
IPO Close DateJan 31, 2024
Basis of AllotmentFeb 01, 2024
Refunds[.]
Credit to Demat Account[.]
IPO Listing DateFeb 05, 2024

HARSHDEEP HORTICO LIMITED FINANCIAL REPORT

₹ in Lakhs
YearRevnueExpensePAT
Jun 2024
2023
2022
2021

OUR PROMOTERS

Mr. Hitesh Chunilal Shah

QUALITATIVE FACTOR

We believe the following business strengths allow us to successfully compete in the industry:

  •  A diverse range of products across consumer preferences.
  •  Consistent focus on Quality
  •  Revenue from multiple geographies
  •  In-house Manufacturing capabilities
  •  Experienced and Qualified Management

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 2023
Weighted Average
Period ending July 31, 20231.50

HARSHDEEP HORTICO LIMITED COMPANY CONTACT DETAILS

Building No.1 Shree Sai Logistics,
Survey No.18/2E 18/2P 17/2A, 17/2B Part,
Elkunde, Bhiwandi, Thane,
Thane-421302, Maharashtra India
Tel. No.: +91-9090900508
Email: info@harshdeepindia.com
Website: https://harshdeepindia.com/

HARSHDEEP HORTICO LIMITED IPO REGISTAR

Link Intime India Private Limited
C-101, 1stFloor
247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan

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