Horizon Reclaim (India) Ltd IPO
Issue Price
₹103
GMP
+₹53
Est. Listing
₹156 (+51%)
Lot Size
1,200
Face Value
₹10
Issue Size
5,269,200 shares (agg. up to ₹54 Cr)
Subscription
8.39x
IPO Timeline
Open Date12-Jun-26
Close Date16-Jun-26
Allotment17-Jun-26
Refund Initiation18-Jun-26
Demat Credit18-Jun-26
UPI Mandate Deadline-
Listing Date19-Jun-26
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 0.00x | 1,000,800 | 0 | ₹10 Cr |
| NII (HNI) | 12.63x | 751,200 | 9,489,600 | ₹8 Cr |
| Retail | 11.37x | 1,752,000 | 19,922,400 | ₹18 Cr |
| Market Maker | — | 264,000 | — | ₹3 Cr |
| Σ Total | 8.39x | 3,504,000 | 29,412,000 | ₹36 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹103
Face Value₹10
Lot Size1,200 shares
Issue Size5,269,200 shares (agg. up to ₹54 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeBSE SME
Sale TypeFresh capital only
Script Code—
Fresh Issue5,005,200 shares (agg. up to ₹52 Cr)
Net Offer to Public5,005,200 shares (agg. up to ₹52 Cr)
Amount In₹ Crore
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹123,600 |
| Retail (Max) | 13 | 15,600 | ₹1,606,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,730,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,281,200 |
Retail2 lot(s)2,400 shares₹247,200
S-HNI3 lot(s)3,600 shares₹370,800
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 50 | 36 | 20 |
| EBITDA | 16 | 10 | 1 |
| Profit After Tax | 11 | 7 | 1 |
| Net Worth | 25 | 14 | 7 |
| Total Assets | 65 | 26 | 8 |
| Reserves & Surplus | 11 | 0 | 7 |
| Total Borrowing | 36 | 10 | — |
Valuation & Key Ratios
ROE54%
ROCE25%
RONW42%
PAT Margin21%
EBITDA Margin33%
Debt/Equity1
P/BV6
Pre EPS₹7
Post EPS₹5
Pre P/E14
Post P/E19
Grey Market Premium (GMP)
+₹53
Current GMP
₹156
Est. Listing Price
+51%
Expected Gain
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the working capital requirements of our Company – 6.00
- Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company – 26.70
- Funding Capital Expenditure for the installation of additional Plant & Machinery – 9.43
- General Corporate Purposes –
Company Overview
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
Company Information
AddressKhasra no. 9, Dehradun Road, Near Nirankari Bhawan Village - Kumar Hera, Saharanpur, Uttar Pradesh, 247001
Phone+91 8171000900
Websitehttps://horizonreclaim.com/