Harshdeep Hortico Limited IPO

Harshdeep Hortico Limited IPO

Harshdeep Hortico Limited's IPO offer a fresh Issue of 42,42,000 shares, worth INR 19.09 crores. Funds for loan repayment, working capital, and general corporate purposes.

Important Details

Date: Jan 29 to Jan 31, 2024 Listing Date: Feb 5, 2024 Price: INR 42 to 45 per share Lot Size: 3000 Shares Total Issue Size: INR 19.09 crores

Fundamental Analysis

Harshdeep Hortico Ltd's IPO revenue growth until 2022, 2023 decline. Fluctuating RoNW, growing assets, liabilities. Caution advised, scrutinize 2023 dip.

Peer Comparison

Harshdeep Hortico lacks industry peers in India, preventing meaningful industry comparisons for their unique business line.


Harshdeep Hortico's IPO aims to allocate funds for debt repayment, cost reduction, internal accruals-driven expansion, and meeting working capital needs.

Risks And Challenges

Harshdeep Hortico's risks are regional dependence, market expansion challenges, raw material supply uncertainties, and reliance on a trademark without a formal agreement.

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