IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Up to 42,42,000 equity shares

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

About Harshdeep Hortico Ltd

Harshdeep Hortico is primarily engaged in the business of designing, developing, manufacturing and supplying various types of pots and planters. This is a new company that was incorporated in December 2022. Their products include more than 500 different variants of pots, planters and related accessories.

Examples of their products include Plastic Indoor Planters, Outdoor Planters, Illuminated Planters, Roto Moulded Planters, Fiber Reinforced Plastic (FRP) Planters, etc. They also supply related accessories like garden hose pipes and water cans. They have also recently entered into the field of Roto Moulded Outdoor Furniture.

Currently, they have 2 manufacturing units situated at Bhiwandi and Pune in Maharashtra, along with three stores located in Delhi, Pune and Rajahmundry in Andhra Pradesh. They also have 4 distributors in Hyderabad, Kolkata, Chandigarh and Visakhapatnam, who are exclusively dealing in their products. They provide an Omni-channel experience to customers through their website as well as their presence in online marketplaces such as Amazon and Flipkart and social media platforms. Currently, they market our products to around 27 states and union territories in India. The largest portion of the revenue comes from the state of Maharashtra.

In the previous few decades, Floriculture in India has witnessed phenomenal growth. The sector is expected to grow to $5.9 billion by 2030 with a CAGR of 7.4% in the period 2021-2030. With the market growing at a global scale, organised players like Harshdeep Hortico will have a better chance of growth in the coming years.

Harshdeep Hortico Ltd IPO Details

Harshdeep Hortico Ltd IPO Dates

The dates for bidding for the Harshdeep Hortico IPO are yet to be announced.

Harshdeep Hortico Ltd IPO Price Band

Harshdeep Hortico is a book-built IPO. The exact price is yet to be announced.

Harshdeep Hortico Ltd IPO Lot Size

The Harshdeep Hortico Ltd IPO lot size is not announced yet.

Harshdeep Hortico Ltd IPO Objectives

The net proceeds from the IPO issue are proposed to be utilised towards the following objectives:

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

Peer Details

As per DRHP, there are no listed companies in India that are in a business similar to that of Harshdeep Hortico.

How To Check the Allotment Status of the Harshdeep Hortico Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Harshdeep Hortico Ltd.

Registered office: Building No.1 Shree Sai Logistics, Survey No.18/2E 18/2P 17/2A, 17/2B Part, Elkunde, Bhiwandi, Thane- 421302, Maharashtra, India.

Phone: +91-94245-04224

E-mail: cs@harshdeepindia.com

IPO Financials

Particulars Period Ending on July 31, 2023
Total Income 1,482.84
Profit After Tax 177.24
Return on Capital Employed 12.28%
Debt Service Coverage Ratio 3.61
Current Ratio 1.51

Know before investing


  1. The company has a diverse product portfolio of over 500 products in various colours and sizes across various segments of pots and planters.

  2. Their sources of revenue are not limited to a single state. While the majority of the revenue comes from the state of Maharashtra, which contributes 41.99% of total revenue, this is followed by Andhra Pradesh, which contributed 11.34%, Karnataka contributed 7.78%, Delhi contributed 7.45%, Tamil Nadu contributed 5.57% and Gujrat contributed 5.45%.


  1. They source their raw materials requirement indigenously. A major portion of their purchases for the period ending July 31, 2023, is from the state of Maharashtra, which is 95.98% of the total purchases. This creates a risk of too much concentration of their sources of inputs and any disruption of the supply chain in Maharashtra can disrupt their business.

  2. They have a very short span of operating history as a company. Therefore, it may be hard to look at any form of consistent performance over the years before making an investment.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Harshdeep Hortico Ltd IPO FAQs

What is Harshdeep Hortico Ltd's IPO?

Harshdeep Hortico IPO is a book built IPO. The dates for the IPO are yet to be announced.

When will Harshdeep Hortico Ltd's IPO be allotted?

The date of allotment is not announced yet.

When will Harshdeep Hortico Ltd's IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO is yet to be announced.

When will Harshdeep Hortico Ltd list on exchanges?

The listing date for Additive Technologies is not announced yet.

What would be the listing gains on the Harshdeep Hortico Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is yet to be announced.

I have finished the application process for the Harshdeep Hortico Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Harshdeep Hortico Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Harshdeep Hortico Ltd using one PAN?

You can submit only one application using your PAN card.