IPO details · Updated
Horizon Reclaim (India) Limited
- Price Band
- ₹98 – ₹103
- Lot Size
- 1,200 shares
- Min. Investment
- ₹1,23,600
- Issue Size
- ₹54.27 Cr
- Offer Dates
- 12 Jun – 16 Jun 2026
- Listing
- 19 Jun 2026
Issue Details
- Total Issue Size
- ₹54.27 Cr
- 52,69,200 shares
- Fresh Issue
- ₹54.27 Cr
- 52,69,200 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 1,42,46,200
- Shares Post-Issue
- 1,95,15,400
IPO Timeline
Offer opens
12 Jun 2026
Offer closes
16 Jun 2026
Allotment
17 Jun 2026
Listing
19 Jun 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.5%15,01,200 shares
- QIB19.0%10,00,800 shares
- HNI14.3%7,51,200 shares
- Retail33.2%17,52,000 shares
- MarketMaker5.0%2,64,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 10,00,800 | 18,68,69,376 | 186.72x |
| NII | 7,51,200 | 33,85,95,888 | 450.74x |
| Retail | 17,52,000 | 54,01,41,600 | 308.30x |
| Total | 35,04,000 | 1,06,56,06,864 | 304.11x |
Lot Size & Investment
1 lot = 1,200 shares
Retail (min)
2 lots · 2,400 shares
Retail (max)
2 lots · 2,400 shares
S-HNI (min)
3 lots · 3,600 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,400 | ₹2,47,200 |
| Small HNI (S-HNI) | 3 | 3,600 | ₹3,70,800 |
| Big HNI (B-HNI) | 9 | 10,800 | ₹11,12,400 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 64.88 | 26.08 | 8.45 |
| Total Income | 50.01 | 36.39 | 20.44 |
| Profit After Tax | 10.5 | 7.07 | 0.71 |
| EBITDA | 16.32 | 10.46 | 1.17 |
| Net Worth | 24.83 | 14.33 | 7.26 |
| Reserves & Surplus | 10.58 | 0.08 | 6.51 |
| Total Borrowing | 35.76 | 10.03 | — |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| ROE (%) | 53.63 |
| ROCE (%) | 25.45 |
| EPS (₹) | 7.37 |
| P/E (pre-issue) | 13.97 |
| P/E (post-issue) | 19.14 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Lead Reclaim and Rubber Products Limited | 19.04 | 10.27% |
| Tinna Rubber And Infrastructure Ltd | 26.5 | 17.59% |
| Grp Ltd | 282.83 | 1.81% |
About Horizon Reclaim (India) Limited
Incorporated in 2006, Horizon Reclaim (India) Ltd. is engaged in the manufacturing of reclaimed rubber, which is recycled rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap. Product Portfolio: Natural Rubber Reclaim , made from tyre casings and tubes and used in footwear soles, floor mats, tyre base layers, and moulded rubber products. Synthetic Rubber Reclaim , including EPDM and Butyl rubber used in automotive seals, hoses, gaskets, and construction profiles Crumb Rubber , produced from recycled tyres and used in road construction, sports surfaces, and roofing sheets. Products are available in different grades based on customer requirements. The company sales are primarily business-to-business, targeting small and medium enterprises and industrial customers mainly in the northwestern region of India. Competitive Strengths: In-house manufacturing facility supported by technology driven process Diversified Customer Base and Long-Standing Customer Relationships Experienced Promoter Directors with Strong Industry Expertise Stringent Quality Control Ensuring Standardized Product Quality
Objects of the Issue
- Funding the working capital requirements of our Company (₹6.00 Cr)
- Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company (₹26.70 Cr)
- Funding Capital Expenditure for the installation of additional Plant & Machinery (₹9.43 Cr)
- General Corporate Purposes (₹7.80 Cr)
- Issue expenses (₹4.34 Cr)
Promoters
- Mohit Bajaj
- Malika Bajaj
Company Information
- Book running lead managers
- GYR Capital Advisors Pvt.Ltd.
- Registered office
- Khasra no.9, Dehradun Road, Near Nirankari Bhawan, Village-Kumar Hera, Saharanpur, Uttar Pradesh, 247001
- Market maker
- Giriraj Stock Broking Pvt.Ltd.
Official Documents
Opens the source filing in a new tab
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