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Harshdeep Hortico IPO
Price Band
₹42.0–45.0
Issue Size
₹19.09 Cr
Lot Size
3,000 shares
Min Investment
₹135,000
GMP
+₹32.0 (71.11%)
Issue Price
₹45.0
Subject to Sauda
₹73000
Paid only if allotted
Harshdeep Hortico IPO AI Summary
- Harshdeep Hortico IPO is listed on BSE SME in the Other Agricultural Products sector.
- Price band: ₹42.0–₹45.0 per share, lot size 3,000 shares (min. investment ₹135,000).
- Subscription window: 29 Jan–31 Jan 2024, listing on 05 Feb 2024.
- Current GMP is +₹32.0 (71.11%), an estimated listing price of ₹77 — unofficial and can change daily.
Harshdeep Hortico Limited is set to launch its IPO with a price band of ₹42.0 to ₹45.0. The company has shown a positive trend in profitability as of July 2023, and it plans to utilize the proceeds for debt repayment, working capital, and general corporate purposes. Investors should consider their risk tolerance and investment strategy when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Harshdeep Hortico IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 31 Jan 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Harshdeep Hortico IPO Grey Market Premium (GMP) Today
GMP
+₹32.0
GMP %
+71.11%
Est. Listing
₹77.0
Updated: 25 Jul 2026 14:07
About the Company
Harshdeep Hortico Limited designs, manufactures, and supplies pots and planters for indoor and outdoor use. The company's product portfolio includes indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, eco-series planters, etc. and related accessories such as garden hose pipes and water canisters. Recently, the company also entered the field of Roto Moulded Outdoor Furniture. Harshdeep Hortico has two manufacturing facilities in Bhiwandi and Pune with an area of approximately 93769 sq. ft. and 40000 sq. ft. respectively. The company has three stores in Delhi, Pune (Maharashtra) and Rajahmundry (Andhra Pradesh) and four distributors in Hyderabad, Kolkata, Chandigarh and Visakhapatnam. The company also has an online presence via Amazon and Flipkart as well as social media platforms such as Facebook and Instagram. The company's customers come from 27 states and union territories in India as well as overseas countries such as Djibouti, East Africa, the United Kingdom, Nepal, etc. As on September 30, 2023, the company had over 125 employees.
Company Financials (₹ Cr)
As of 2023-07-31
| Period Ended | 31 Jul 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 30.59 | 0.05 |
| Total Income | 14.83 | |
| Profit After Tax | 1.77 | -0.00 |
| NET Worth | 13.26 | 0.05 |
| Reserves and Surplus | 13.19 | -0.00 |
| Total Borrowing | 6.37 |
Key Ratios
EPS
₹0.00
NAV
₹0.04
P/B Value
0.00
P/E Ratio
0
Market Cap
₹72.42 Cr
Peer Comparison
| Company | NAV |
|---|---|
| Harshdeep Hortico Limited This IPO | 11.19 |
Promoters
Hitesh Chunilal Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company 4.08 2 To meet Working Capital requirements 9.00 3 General Corporate Purpose 3.64
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹14.83 Cr in the period ending 31 Jul 2023. There is no total income reported for the prior period ending 31 Mar 2023, making direct comparison difficult.
Profit Trend
Profit After Tax was ₹1.77 Cr in the period ending 31 Jul 2023, while the prior period ending 31 Mar 2023 reported a negligible profit of ₹-0.00. This indicates a positive shift in profitability.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It reflects the demand for the shares in the grey market before they are officially listed on the stock exchange. A higher GMP suggests strong demand and potential for listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's financial health and market position.
Who May Want to Wait
Investors who prefer stable, established companies with a proven track record may want to avoid IPOs like this, which can carry higher risks due to their relatively new market presence and financial variability.
IPO Timeline, Explained
The IPO opens for subscription on January 29, 2024, and closes on January 31, 2024. Allotment of shares will be done on February 1, 2024, and the listing is expected on February 5, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if they sell their shares on the first day of trading at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Harshdeep Hortico's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Harshdeep Hortico IPO GMP today?
Harshdeep Hortico IPO GMP today is +₹32.0 (71.11%), indicating an estimated listing price of ₹77. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Harshdeep Hortico IPO?
The price band of Harshdeep Hortico IPO is ₹42.0–₹45.0 per share.
When does Harshdeep Hortico IPO open and close?
Harshdeep Hortico IPO opens on 29 January 2024 and closes on 31 January 2024.
When does Harshdeep Hortico IPO list on the stock exchange?
Harshdeep Hortico IPO listed on 05 February 2024 at ₹77.0.
What is the lot size for Harshdeep Hortico IPO?
The lot size for Harshdeep Hortico IPO is 3000 shares, requiring a minimum investment of ₹135,000.
What is the price band for the Harshdeep Hortico IPO?
The price band for the Harshdeep Hortico IPO is ₹42.0 to ₹45.0.
What is the lot size for the Harshdeep Hortico IPO?
The lot size for the Harshdeep Hortico IPO is 3000 shares.
What is the minimum investment required for the Harshdeep Hortico IPO?
The minimum investment required for the Harshdeep Hortico IPO is ₹135,000.
When is the listing date for the Harshdeep Hortico IPO?
The listing date for the Harshdeep Hortico IPO is February 5, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which an IPO is likely to list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Jan 2024
Close
31 Jan 2024
Allotment
01 Feb 2024
Listing
05 Feb 2024
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