Organic Recycling Systems Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,185,000 (47%) | — | ₹2,370 Cr |
| Retail | — | 1,185,000 (47%) | — | ₹2,370 Cr |
| Market Maker | — | 130,200 (5%) | — | ₹26 Cr |
| Σ Total | — | 2,500,200 (100%) | — | ₹50,004 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹120,000 |
| Retail (Max) | 13 | 7,800 | ₹1,560,000 |
| S-HNI (Min) | 14 | 8,400 | ₹1,680,000 |
| B-HNI (Min) | 67 | 40,200 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue | 2,534 | 1,757 | 1,578 |
| Profit After Tax | 365 | -535 | -449 |
| Net Worth | 2,550 | 809 | 1,344 |
| Total Assets | 11,931 | 10,669 | 10,273 |
| Reserves & Surplus | 2,014 | 763 | 1,298 |
| Total Borrowing | 6,981 | 5,418 | 5,450 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Reduction of the aggregate outstanding borrowings of the Company – 37.50
- Towards general corporate purposes – 10.48
Company Overview
Incorporated in 2008, Organic Recycling Systems Limited is an engineering company offering sustainable waste management solutions.
Organic Recycling Systems's business verticals include the Build Own Operate Transfer (BOOT) model, the Engineering Procurement and Commissioning (EPC) model and the Supply of Key Equipment. The company offers services such as EPC (Engineering, Procurement, and Construction) services in waste management, commissioning services, consulting and advisory services in the waste management sector, planning, building, and managing waste management projects, laboratory services and more.
Organic Recycling Systems (ORS) also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.
ORS has developed a patented DRY ANAEROBIC DIGESTION (DRYAD) technology which is capable of treating several kinds of waste and the same is also proven through its use in the Solapur plant.
Competitive Strength:
Proven Technology and capability.
Penetration into Multiple Business Verticals.
Lucrative Prospects of the Market.
UN Sustainability Development Goals.
Experience of the Promoters and Management personnel.