Harshdeep Hortico IPO: All you need to know as subscription opens today

Harshdeep Hortico IPO: The issue is entirely a fresh issue of 42.42 lakh shares and investors can bid for minimum lot size of 3000 shares.

Published on: Jan 29, 2024, 09:41:13 IST

By HT News Desk

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Harshdeep Hortico initial public offering (IPO) will open for subscription today and will close on January 31. The price band for the upcoming IPO is set at ₹42 to ₹45 per share and the book built issue is of ₹19.09 crores. The issue is entirely a fresh issue of 42.42 lakh shares and investors can bid for minimum lot size of 3000 shares while the minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) which amounts to ₹270,000.

Harshdeep Hortico IPO: The minimum lot size investment for HNI is 2 lots (6,000 shares) which amounts to ₹270,000.

What else do we know about Harshdeep Hortico IPO?

Around 50% of the net offer is reserved for Qualified Institutional Buyers (QIB) and not less than 35% is reserved for retail investors.

Who is the book running lead manager?

Hem Securities Limited is the book running lead manager of the Harshdeep Hortico IPO.

Who is the registrar of the IPO?

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

When will the allotment of Harshdeep Hortico IPO be finalised?

The allotment for the Harshdeep Hortico IPO is expected to be finalized on February 1.

When will the Harshdeep Hortico IPO be listed?

The IPO will list on BSE SME with tentative listing date fixed as February 5.

What do you need to know about Harshdeep Hortico?

Harshdeep Hortico designs, manufactures and supplies pots and planters for indoor and outdoor use. Its product portfolio includes: indoor plastic planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, eco-series planters, etc.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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