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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹54.27 Cr |
| Reserved for Market Maker | ₹2.72 Cr |
| Net Issue Size | ₹54.27 Cr |
| Fresh Issue | ₹51.55 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹98.00-103.00 per share |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers |
GYR Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,400 shares · Multiples of 1,200 shares
Horizon Reclaim (India) IPO comprises a total issue size of 52,69,200 shares. The net offer to the public is 50,05,200 shares, after excluding 2,64,000 shares allotted on a firm basis. Of the Net offer 25,02,000 (49.99%) are allocated to QIB, 7,51,200 (15.01%) allocated to NII 17,52,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,02,000 | 49.99% | 47.48% |
| − Anchor Investor Shares Offered | 15,01,200 | 28.49% | |
| − QIB (Ex. Anchor) Shares Offered | 10,00,800 | 18.99% | |
| NII (HNI) Shares Offered | 7,51,200 | 15.01% | 14.26% |
| − bNII > ₹10L | 5,00,400 | 9.50% | |
| − sNII < ₹10L | 2,50,800 | 4.76% | |
| Retail Shares Offered | 17,52,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,64,000 | 5.01% | |
| Total Shares Offered | 52,69,200 | 100.00% | 100.00% |
Horizon Reclaim (India) Ltd. specializes in converting discarded rubber waste into value-added reclaimed rubber products. The company utilizes materials such as worn-out tyres, inner tubes, tread scraps, and industrial rubber residues to manufacture eco-friendly rubber compounds for various industrial applications.
Product Range
Natural Rubber Reclaim: Manufactured from recycled tyre casings and tubes, this product is widely used in the production of footwear components, rubber mats, tyre underlayers, and other molded rubber goods.
Synthetic Rubber Reclaim: The company produces reclaimed EPDM and Butyl rubber grades that cater to industries requiring automotive weather strips, sealing systems, hoses, gaskets, and construction-related rubber profiles.
Crumb Rubber: Derived from processed scrap tyres, crumb rubber finds application in infrastructure and recreational projects, including asphalt modification, athletic tracks, playground surfaces, and roofing materials. The product is offered in multiple specifications to meet diverse customer requirements.
The company's business model is predominantly focused on industrial and commercial customers, supplying its products mainly to small and medium-sized enterprises across northwestern India.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of our Company | 6.00 |
| 2 | Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company | 26.70 |
| 3 | Funding Capital Expenditure for the installation of additional Plant & Machinery | 9.43 |
| 4 | General Corporate Purposes | |
| Total | 42.13 |
Horizon Reclaim (India) Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 64.88 | 26.08 | 8.45 |
| Total Income | 50.01 | 36.39 | 20.44 |
| Profit After Tax | 10.50 | 7.07 | 0.71 |
| EBITDA | 16.32 | 10.46 | 1.17 |
| NET Worth | 24.83 | 14.33 | 7.26 |
| Reserves and Surplus | 10.58 | 0.08 | 6.51 |
| Total Borrowing | 35.76 | 10.03 | |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 53.63% |
| ROCE | 25.45% |
| Debt / Equity | 1.44% |
| RoNW | 42.29% |
| PAT Margin | 21.25% |
| EBITDA Margin | 32.64% |
| Price to Book Value | 5.91 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.37 | 5.38 |
| P/E (x) | 13.97 | 19.14 |
| Promoter Holding | 95.84% | |
| Market Cap | ₹201.01 Cr. | |
