Harshdeep Hortico IPO: Key Details Unveiled as Subscription Window Opens

Harshdeep Hortico is set to kick off its initial public offering (IPO) subscription today, with the subscription period running until January 31. The IPO, valued at ₹19.09 crores, features a price band of ₹42 to ₹45 per share. Here's a comprehensive overview of the Harshdeep Hortico IPO:

• Issue Details:

  • The IPO comprises an entirely fresh issue of 42.42 lakh shares.
  • Investors have the opportunity to bid for a minimum lot size of 3000 shares.
  • Retail investors are required to make a minimum investment of ₹135,000.
  • High Net Worth Individuals (HNI) can invest in a minimum of 2 lots (6,000 shares), amounting to ₹270,000.

• Reservation Breakdown:

  • Approximately 50% of the net offer is reserved for Qualified Institutional Buyers (QIB).
  • Not less than 35% is reserved for retail investors.

• Book Running Lead Manager:

  • Hem Securities Limited will serve as the book running lead manager for the Harshdeep Hortico IPO.

• Registrar and Market Maker:

  • Link Intime India Private Ltd is the designated registrar for the issue.
  • The market maker for Harshdeep Hortico IPO is Hem Finlease.

• Allotment and Listing Dates:

  • The allotment process is anticipated to be concluded on February 1.
  • The IPO is scheduled to be listed on BSE SME, with a tentative listing date set for February 5.

• About Harshdeep Hortico:

  • Harshdeep Hortico specializes in the design, manufacturing, and supply of pots and planters suitable for both indoor and outdoor use.
  • The diverse product portfolio includes indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, and eco-series planters.

Investors and enthusiasts keen on participating in the Harshdeep Hortico IPO can seize this opportunity to engage with a company contributing to the dynamic world of horticulture and landscaping. Stay tuned for further updates as the IPO journey unfolds.

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