Harshdeep Hortico IPO allotment: Check status, GMP, listing date and other details

After getting a robust response from investors for the IPO, Harshdeep Hortico is likely to finalise the IPO allotment today. Investors can check the status of Harshdeep Hortico IPO allotment by logging in to the official website of the registrar, which is Link Intime India in this case.

Follow the step by step process mentioned below to check the status of allotment.

Step 1: Visit the IPO Allotment Status page on Link Intime India website (https://linkintime.co.in/Initial_Offer/public-issues.html)


Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

Harshdeep Hortico GMP

Shares of Harshdeep Hortico are trading with a premium of Rs 10 in the unlisted market. The IPO was priced at Rs 45 at the upper end. The company's shares will list on the BSE SME platform on February 2 and going by the GMP, the stock is expected to debut with 22% premium.

The public offer of Harshdeep Hortico was booked 130 times at close, led by strong bidding from institutional and non-institutional investors. The company plans to raise Rs 19.09 crore through the IPO.

Harshdeep Hortico is engaged in the business of designing, developing, manufacturing and supplying various types of pots and planters along with related accessories.

Indian real estate developers in the country’s major urban centres are poised to achieve a significant feat in 2023 by completing nearly 558,000 homes. As flowers are considered a sign of grace and elegance and hold spiritual and emotional value, the company believes the scope of floriculture in the commercial industry is significant.

Net proceeds from the public offer will be used for repayment of debt, working capital requirements and general corporate purposes.

For the period ended July 2023, the company clocked revenues of Rs 14.82 crore and net profit of Rs 1.77 crore.

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