Harshdeep Hortico, a leading planter manufacturer, has caught the market’s attention with its recent IPO. The offer, open between January 29 and January 31, 2024, witnessed an impressive oversubscription rate of 131.69 times. Investors eagerly await the allotment results, expected on February 1, 2024.

Checking the Harshdeep Hortico IPO Allotment Status

If you’ve applied for the IPO, follow these steps to check your allotment status:

On the BSE Website:

1. Visit the BSE link here and log in.
2. Select the Harshdeep Hortico IPO.
3. Enter your application number and PAN details.
4. Complete the ‘I'm not a robot’ captcha.
5. Click ‘Submit’ to view your status.

On Linkintime:

1. Go to Linkintime here and log in.
2. Select the Harshdeep Hortico IPO.
3. Enter your application number and PAN details.
4. Complete the ‘I'm not a robot’ captcha.
5. Click ‘Submit’ to view your status.

See also: How To Check Megatherm Induction IPO Allotment Status

Harshdeep Hortico IPO Overview: The ₹19.09 crore IPO comprises entirely fresh issues of 42.42 lakh shares, with no offer-for-sale component. The price band was set at ₹42 to ₹45 per share, targeting different investor segments with allocated share percentages and subscription rates.

The company plans to use the issue’s proceeds to fully or partially repay and/or pre-pay certain borrowings, meet working capital needs, and for other general corporate purposes.

Retail investors could bid for a minimum of 3,000 shares, requiring an investment of at least ₹1.35 lakh. High Net-worth Individuals (HNIs) would have had to invest in a minimum of two lots, totalling 6,000 shares, which amounts to ₹2.7 lakh.

About Harshdeep Hortico: Established in December 2022 from “M/s Harshdeep Agro Products,” the company, under the guidance of Director Hitesh Chunilal Shah, specializes in various planters and has expanded its portfolio to include outdoor furniture. With a strong market presence across India and exports contributing to its revenue, Harshdeep Hortico stands as a prominent player in the horticultural products industry.

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