Harshdeep Hortico Limited IPO GMP

Harshdeep Hortico Limited, a company dedicated to the design, development, and manufacturing of various types of pots, planters, and related accessories, is set to make its mark on the BSE SME exchange with an Initial Public Offering (IPO). In this blog, we will delve into the key details of the IPO, its Grey Market Premium (GMP), and insights into the company’s strengths and objectives.

IPO Details

The IPO of Harshdeep Hortico Limited boasts a total issue size of Rs 19.09 Cr, constituting a 100% fresh issue. The subscription period for this IPO is from January 29 to January 31, 2024. The face value of each share stands at Rs 10, with an issue price ranging between Rs 42 to Rs 45 per share. The lot size for application is 3000 shares or its multiple, as specified in the offer document.

"Exciting news! Stockesta is now on WhatsApp and Telegram Channels 🚀 Subscribe today | Stay updated with the latest IPO insights!" Follow on Whatsapp! and Join Telegram!

Also Read: Upcoming IPO in India

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Harshdeep Hortico SME IPO is a critical indicator of market sentiment. As of the latest update, the GMP stands at ₹32, suggesting a positive market outlook. The estimated listing price is anticipated to be ₹77, reflecting a 71.11% gain. It is important to note that GMP is subject to extreme volatility, and investment decisions should be made after considering all factors.

Harshdeep Hortico Day-wise IPO GMP Trend

Here is the GMP data for Harshdeep Hortico IPO: [ Last Updated: 05 Feb, 2024; 08:30]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
05-02-2024₹45.00₹3273000₹77 (71.11%)
04-02-2024₹45.00₹3273000₹77 (71.11%)
03-02-2024₹45.00₹3273000₹77 (71.11%)
02-02-2024₹45.00₹3273000₹77 (71.11%)
01-02-2024₹45.00₹3068400₹75 (66.67%)
31-01-2024₹45.00₹1534200₹60 (33.33%)
30-01-2024₹45.00₹1534200₹60 (33.33%)
29-01-2024₹45.00₹1227400₹57 (26.67%)
28-01-2024₹45.00₹0₹45 (0%)

Also Read: IPO GMP Today Price: All IPO GMP Today

Latest IPO GMP

Stay updated on the live GMP status of all upcoming and closed IPOs on Stockesta.com. Regularly tracking and comparing IPO GMP and listing prices can provide valuable insights for potential investors.

Understanding IPO Grey Market Premium (GMP)

The IPO Grey Market Premium (GMP) serves as an unofficial indicator of an IPO’s potential performance on listing day. A positive GMP suggests potential profits, while a negative GMP indicates a possible discount. However, it’s crucial to note the inherent volatility of IPO GMP, making investment decisions based solely on this metric risky. A comprehensive analysis considering various factors is essential for informed decision-making.

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

About Harshdeep Hortico Limited

Founded in December 2022, Harshdeep Hortico Limited specializes in the design, development, manufacture, and supply of a diverse range of pots, planters, and related accessories. Their product portfolio includes Indoor Plastic Planters, Outdoor Planters, Illuminated Planters, Decorative Planters, Rotationally Moulded Planters, Fibre Reinforced Plastic (FRP) Planters, and the recently ventured rotomolded outdoor furniture sector.

Key Strengths

  • Diverse product range catering to all consumer needs.
  • Consistent focus on product quality.
  • Market presence with proceeds from different regions.
  • In-house production capacities ensuring control over quality and timelines.
  • Experienced and qualified management.

Also Read: What is an IPO?- Why Companies Go Public

Harshdeep Hortico SME IPO Objectives

The company aims to utilize the proceeds of the IPO for the following purposes:

  1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company.
  2. Meeting working capital requirements.
  3. General corporate purposes.

Harshdeep Hortico SME IPO Dates

Stay updated with the latest information on Harshdeep Hortico SME IPO:

  • SME IPO Open Date: 29-01-2024
  • SME IPO Close Date: 31-01-2024
  • Basis of Allotment Finalisation Date: 01-02-2024
  • Refunds Initiation: 02-02-2024
  • Credit of Shares to Demat Account: 02-02-2024
  • SME IPO Listing Date: 05-02-2024

In conclusion, the Harshdeep Hortico SME IPO presents an opportunity for investors to explore a company with a diverse product range and a focus on quality. However, it is imperative to approach the investment decision cautiously, considering all factors beyond just the Grey Market Premium. Investors are encouraged to conduct thorough research and seek professional advice before making investment decisions.

"Exciting news! Stockesta is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest IPO insights!" Click here!

👉 IPO GMP || IPO News || IPO Details || IPO Review || Join Whatsapp Channel and read news related to IPO on Stockesta.com.
Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
What is an IPO?- Why Companies Go Public